Atlantic Money UK

Cost-effective global payments with a flat fee and very competitive exchange rates

Atlantic Money is a payment institution that offers global payments for businesses. With a flat £3 fee and a live exchange rate, it's a cheaper and more convenient way to pay international suppliers, manage global treasury, and more. Unlike other money transfer companies, Atlantic Money doesn't charge progressive fees for larger transactions, and it's 10 times cheaper than Wise on average. The company has built direct connections with the world's interbank exchanges, ensuring customers always get the best available exchange rate.

Atlantic Money offers a variety of currencies for transfer, including the US Dollar, Euro, British Pound, and more. The delivery times for each currency may vary, but standard delivery typically takes one or two business days to convert the currency. Express delivery is also available for a small fee, allowing faster transfer.

Fees and rates

The company charges a flat £3 fee per transfer, and no additional fees are hidden in the exchange rate. For weekend transfers or during public holidays, Atlantic Money offers two exchange rate options: the next available rate or the last known rate, both of which are subject to a 0.1% fee.

Atlantic Money was founded by Neeraj Baid and Patrick Kavanagh, two American expats living in London who were frustrated with the high fees associated with traditional money transfer services. They created Atlantic Money to offer a cheaper and more convenient way for individuals and businesses to transfer money internationally.

Overall, Atlantic Money is a reliable and affordable solution for businesses looking to make international payments. Its flat fee structure, live exchange rate, and variety of currencies available make it a better alternative to traditional money transfer services.