Atlantic Money at a Glance
Verdict
Atlantic Money does what it says. You send money at the mid-market rate and pay £3. No spread, no percentage fee, no subscription. For transfers above £650, that beats Wise on cost. The Deel acquisition (November 2024) brings institutional backing without changing the consumer product for now.
Best For
Atlantic Money works best for large, infrequent transfers in major currencies. If you are paying a European supplier, buying property abroad, or sending a five-figure sum to a USD account, the flat fee saves real money.
Not Ideal For
Atlantic Money isn’t the right choice if you need exotic currencies beyond the 10 it supports, want to pay by debit card, need forward contracts, or are sending small amounts where the £3 fee represents a high percentage. Sending £150 means the fee alone is 2%.
Key Facts
| Key point | Details |
|---|---|
| Provider type | Money transfer provider (Deel Payments UK Ltd) |
| Best for | Large transfers above ~£650 to major currencies |
| Transfer fee | £3 flat (all amounts to £1m); +0.1% Express/weekend |
| Exchange rate | Mid-market (0% markup) |
| Speed | Standard: 2 business days; Express: same-day (GBP to EUR) |
| UK regulation | FCA Authorised Payment Institution (FRN 947491) |
| Currencies | 10 (GBP, EUR, USD, AUD, CAD, INR, NOK, SEK, DKK, PLN) |
| Trustpilot | 2.5/5 (171 reviews, May 2026) |
| App rating | iOS 4.8/5; Android 4.8/5 |
What Is Atlantic Money and How Does It Work?
Atlantic Money is a UK money transfer service: flat £3 fee per transfer, mid-market rate, no markup. Founded in 2020 by two early Robinhood executives. Deel acquired it in November 2024.
When you log in and initiate a transfer, you pay from your UK current account via Faster Payments. Atlantic Money releases an equivalent payment from a local account in the destination country. No SWIFT chain, no correspondent bank charges.
Atlantic Money runs via iOS app, Android app, and desktop browser (launched May 2024). Account setup, verification, and transfers are all handled in the app.
Pros and Cons
Pros
Flat £3 regardless of transfer size. That’s the deal.
At £10,000 GBP to EUR, you pay £3 versus roughly £43 to £46 with Wise. We calculate that as about £40 saved on a single transfer.
For a business paying a monthly supplier invoice in euros, that is close to £480 a year that stays in the account instead of going to fees.
No markup on the mid-market rate across all 10 currencies. The app rates 4.8 to 4.9 out of 5 on iOS. FCA authorisation means your funds sit in safeguarded Tier 1 bank accounts.
Cons
Ten currencies. The catch is that means no Africa, no Latin America.
Bank transfer is the only funding method: no debit card, no credit card. The single-transfer rule adds £3 per order when your bank has a daily cap. Trustpilot sits at 2.5 out of 5, driven by KYC friction and a referral dispute. No forward contracts for managing currency risk.
Exchange Rates and Transfer Fees
Exchange Rate Margin
Atlantic Money applies a 0% markup to the mid-market rate. Zero. No spread, no hidden adjustment.
The mid-market rate is the midpoint between buy and sell prices on global markets: the rate you see on Google or XE.com. You receive that exact rate. Same model as Wise, but with a flat £3 fee instead of a variable percentage.
Transfer Fees
The standard fee is £3 per transfer, regardless of the amount. That’s the whole fee on a standard weekday transfer.
Two surcharges apply for optional services: Express delivery adds 0.1% for same-day settlement. Locking in the weekend rate when markets are closed also adds 0.1%.
| Transfer amount (GBP to EUR) | Atlantic Money total cost | Wise approx cost | Saving with Atlantic Money |
|---|---|---|---|
| £500 | £3.00 | £2.50 to £3.00 | Roughly equal |
| £1,000 | £3.00 | £4.50 to £5.00 | ~£1.50 to £2.00 |
| £5,000 | £3.00 | £22 to £25 | ~£19 to £22 |
| £10,000 | £3.00 | £43 to £46 | ~£40 to £43 |
| £50,000 | £3.00 | £215 to £230 | ~£212 to £227 |
Other Costs to Watch
Your sending bank may charge for outgoing Faster Payments transfers, though most UK current accounts include these for free. The receiving bank may also deduct a fee from the arriving payment.
There are no account fees, subscription tiers, or monthly charges.
Transfer Speed, Limits and Payment Methods
Transfer Times
Standard delivery: two business days for most corridors. Express delivery is available for GBP to EUR on the same day, with a 0.1% surcharge.
Speed depends on your sending bank, not just Atlantic Money. When you log in on a Thursday afternoon and initiate the transfer, your bank needs to process the outgoing Faster Payments instruction before the clock starts on Atlantic Money’s side.
| Corridor | Standard delivery | Express delivery |
|---|---|---|
| GBP to EUR | 2 business days | Same day (available) |
| GBP to USD | 2 business days | Check atlantic.money |
| GBP to AUD | 2 business days | Check atlantic.money |
| GBP to INR | 2 business days | Check atlantic.money |
| GBP to CAD | 2 business days | Check atlantic.money |
Payment Methods
Bank transfer only. No debit card, no credit card, no Apple Pay. That’s the only funding method.
Each order must be funded by a single bank transfer. If your bank has a daily limit lower than your transfer, you create multiple orders and pay the flat fee on each.
Minimum and Maximum Transfer Limits
Atlantic Money doesn’t publish a stated minimum transfer amount, but the £3 fee makes very small transfers uneconomical. Sending £100 means the fee represents 3% of the transfer. The maximum depends on your verification tier.
| Verification tier | Required documents | Limit per 30 days |
|---|---|---|
| Getting Started | Email and basic sign-up | £850 |
| Plus | Government ID and biometric selfie | £30,000 |
| Advanced | Source-of-funds documentation | Up to £1,000,000 per transfer |
Countries, Currencies and Payout Options
Supported Countries and Currencies
Atlantic Money supports 10 currencies: GBP, EUR, USD, AUD, CAD, INR, NOK, SEK, DKK, and PLN. Transfers go to the country of the national currency: USD to the US only, CAD to Canada only, and so on.
The service is available to residents of the UK and 30 European countries. We note that users who permanently relocate outside these regions report account closures due to compliance restrictions.
The 10-currency limit is the most significant restriction. If you send to Nigeria, the Philippines, Brazil, Mexico, or Thailand, Atlantic Money can’t help you. For those corridors, Wise (70+ currencies) or XE (130+ currencies) are the relevant alternatives.
Bank, Cash and Wallet Payouts
Funds are delivered to the recipient bank account only. Cash pickup and mobile wallet delivery aren’t supported. For recipients without a bank account, or where mobile wallet delivery is needed (common in Sub-Saharan Africa and parts of Asia), WorldRemit and XE offer those options instead.
| Payout method | Available? | Notes |
|---|---|---|
| Bank account deposit | Yes | All 10 supported currencies |
| Cash pickup | No | Not available |
| Mobile wallet | No | Not available |
| Card payout | No | Not available |
Verification, Security and Regulation
ID and Source-of-Funds Checks
Atlantic Money uses a three-tier verification system. Getting Started: email registration only, up to £850 per month. Plus: government ID and biometric selfie, up to £30,000 per month. Advanced: source-of-funds documentation required.
KYC for large transfers can stall for days. The pattern is the same: you start a transfer, the platform asks for source-of-funds proof, and the money sits frozen while you hunt for bank statements.
We found this the single biggest complaint cluster. It is almost entirely avoidable. Gather the paperwork before you press send, not after.
Regulation and Safeguarding
Atlantic Money is FCA-authorised as a payment institution: Deel Payments UK Ltd, FRN 947491. We confirmed this against the FCA Register (May 2026). Not FSCS-protected. That’s not the same as unprotected.
Client money is safeguarded in segregated accounts at Tier 1 banks, ring-fenced from Atlantic Money’s operational capital. If Atlantic Money became insolvent, creditors couldn’t reach those funds. Safeguarding isn’t FSCS. It’s not weaker either.
Account Security
Two-factor authentication is mandatory on all accounts. The mobile apps integrate with device biometrics: Face ID on iOS, fingerprint on Android. Liveness checks during verification compare a real-time selfie against your uploaded ID to prevent synthetic identity fraud.
| Area | What to check | Status |
|---|---|---|
| FCA status | Authorised Payment Institution | FRN 947491 (Deel Payments UK Ltd) |
| Safeguarding | Client funds in segregated Tier 1 bank accounts | Yes |
| FSCS protection | Financial Services Compensation Scheme | No (payment institution, not a bank) |
| 2FA | Two-factor authentication | Mandatory |
| Biometric login | Face ID / fingerprint | Yes (iOS and Android) |
Platform and User Experience
Website and App Experience
iOS and Android apps cover the full workflow: setup, verification, recipients, and transfers. Desktop web interface launched May 2024.
Once verification clears, the app gets out of your way. A transfer is a few taps, the rate is fixed before you commit, and there is none of the upsell clutter that crowds the bigger fintech apps.
We rate the UX as clean and purposeful. App Store ratings agree: 4.8 to 4.9 on iOS, 4.8 on Android (May 2026).
Customer Support
Support is available via in-app chat, WhatsApp, and email during UK business hours: Monday to Friday, 9:00 to 17:30. In-app and WhatsApp messages typically receive a reply within minutes. Email replies can take up to 48 hours. There is no inbound phone line for general queries.
| Support channel | Available? | Typical response |
|---|---|---|
| In-app chat | Yes | Minutes (business hours) |
| Yes | Minutes (business hours) | |
| Yes | Up to 48 hours | |
| Phone | No dedicated line | Administrative contact only |
| Help centre | Yes | Self-service (support.atlantic.money) |
Customer Reviews and Reputation
What Customers Like
We reviewed the Trustpilot 5-star themes and one pattern is consistent: the savings on large transfers.
When your supplier invoice arrives at month-end and you log in to send the payment, you pay the mid-market rate plus a flat fee. That’s why active users rate the app at 4.8 to 4.9 on iOS while the Trustpilot average sits at 2.5.
Common Complaints
Trustpilot sits at 2.5 out of 5 from 171 reviews (May 2026). We reviewed the 1-star cluster and it concentrates on three issues: KYC friction for large limits, a referral bonus dispute, and account closures after permanent relocation outside the UK or EEA.
These are compliance decisions. The quality of completed transfers draws almost no complaints.
| Review theme | Sentiment | What it means for you |
|---|---|---|
| Fee savings on large transfers | Positive | Core value proposition is real |
| Mid-market exchange rate | Positive | No hidden markup confirmed by users |
| App design and ease of use | Positive | App Store 4.8-4.9/5 (May 2026) |
| KYC documentation process | Negative | Budget extra time for Advanced tier verification |
| Referral bonus not received | Negative | Do not plan transfers around promotional incentives |
| Account closure on relocation | Negative | Service restricted to UK/EEA residents |
Who Is Atlantic Money Best For?
The flat £3 fee is the whole story. Because it never changes, the more you send the less it costs you in percentage terms. A £20,000 euro payment is where Atlantic Money pulls clearly ahead of percentage-based rivals.
Flip that logic and you have its limit. On small everyday payments or exotic corridors, the flat fee and narrow currency list make it the wrong choice.
| User type | Fit | Reason |
|---|---|---|
| Large one-off transfers (£1,000+) to EUR, USD, AUD | Good | Flat £3 beats percentage providers above ~£650 |
| Regular SME supplier payments to Europe or North America | Good | £3 per transfer regardless of invoice size |
| Property purchase or savings remittance abroad | Good | Maximum £1m, no FX markup, safeguarded funds |
| Small frequent transfers under £300 | Poor | £3 fee is 1-3%+ on small amounts; Wise is cheaper |
| Transfers to Africa, most of Asia, Latin America | Poor | Only 10 currencies; no exotic corridors |
| Businesses needing forward contracts or FX hedging | Poor | No forward contracts; spot transfers only |
| Businesses needing API or batch payments outside Deel | Poor | No public API in the standard Atlantic Money product |
| Users wanting to pay by card | Poor | Bank transfer is the only funding method |
Atlantic Money Alternatives
Atlantic Money vs Wise
Wise charges a percentage fee: roughly 0.41% to 0.55% on GBP to EUR. Atlantic Money charges a flat £3. We compared the two and the crossover is at approximately £650 to £750. Below that, Wise is cheaper. Above it, Atlantic Money wins.
Wise covers 40+ currencies vs Atlantic Money’s 10 and accepts debit card funding. If you need currencies outside Atlantic Money’s 10, use Wise.
| Feature | Atlantic Money | Wise |
|---|---|---|
| Transfer fee | £3 flat | ~0.41-0.65% (varies by corridor) |
| Exchange rate | Mid-market (0% markup) | Mid-market (0% markup) |
| Cheaper for GBP to EUR | Above ~£650 | Below ~£650 |
| Currencies | 10 | 40+ |
| Debit card funding | No | Yes |
| Multi-currency account | No | Yes |
| Forward contracts | No | No |
| Trustpilot | 2.5/5 (171 reviews) | 4.3/5 (260,000+ reviews) |
| App rating (iOS) | 4.8/5 | 4.8/5 |
Atlantic Money vs OFX
OFX charges no transfer fee but adds a margin to the exchange rate. For GBP to EUR, we estimate that margin at 0.4% to 0.8%. Atlantic Money charges a flat fee plus 0% markup.
Where OFX wins: dedicated account managers, forward contracts up to 12 months, limit orders, no online transfer cap.
The split is straightforward. If you send a fixed amount to a known supplier and want the lowest fee, Atlantic Money is the better fit.
If you need to lock a rate against a future contract, or want someone to call when the pound moves, OFX is built for that and Atlantic Money cannot do it.
Final Verdict: Is Atlantic Money Worth Using?
We rate Atlantic Money as the best-value option for GBP transfers above ~£650 to EUR, USD, AUD, CAD, INR, NOK, SEK, DKK, or PLN. The flat £3 is real. The 0% markup is real. The savings scale.
That 2.5 out of 5 on Trustpilot looks alarming until you read the reviews. Cluster after cluster describes the same moment: a large payment in motion, then a sudden source-of-funds demand, with money frozen while the clock runs.
We found most of those one-star reviews were written under that exact time pressure. The fix is simple. If you plan to send above £30,000, start the Advanced tier verification early and have bank statements and payslips ready before you begin.
Use Atlantic Money if you send £650 or more to the 10 supported currencies. Use Wise for anything smaller or for currencies outside those 10. Use OFX or TorFX if you need forward contracts.
Frequently Asked Questions
Is Atlantic Money safe?
Atlantic Money is regulated by the FCA as an authorised payment institution (Deel Payments UK Ltd, FRN 947491). Your funds are held in safeguarded accounts at Tier 1 banks, legally separate from the company’s own capital. This is not FSCS protection, but it means your money is ring-fenced if the company fails.
Is Atlantic Money cheaper than a bank?
For international transfers, almost certainly yes. UK banks typically charge £15 to £40 in transfer fees and add a 2% to 4% markup to the exchange rate. Atlantic Money charges £3 and applies the mid-market rate with no markup. On a £5,000 transfer, the difference can easily exceed £100.
How long does Atlantic Money take?
Standard delivery takes two business days for most corridors. Express delivery is available for same-day settlement on major corridors including GBP to EUR, with a 0.1% surcharge. Verify current Express availability for your corridor at atlantic.money before sending.
Does Atlantic Money use the mid-market rate?
Yes. Atlantic Money applies a 0% markup to the mid-market rate on all 10 supported currencies. The rate you see is the rate you get. The only surcharges are on Express delivery (0.1%) and weekend locked rates (0.1%): on standard weekday transfers, there is no additional cost beyond the £3 fee.
What is the maximum transfer with Atlantic Money?
The theoretical maximum is £1,000,000 per transfer, but you must reach the Advanced verification tier first. That requires source-of-funds documentation such as bank statements, payslips, or property sale deeds. The Plus tier (government ID and biometric check) allows up to £30,000 per 30 days.
Can businesses use Atlantic Money?
Atlantic Money offers a basic business account for supplier payments and international payroll. The flat £3 fee applies regardless of invoice size. There is no public API, no batch payment tool, and no accounting integration in the standard Atlantic Money product. Businesses needing those features should consider Wise Business, OFX, or Currencies Direct.
How we reviewed Atlantic Money
This review is based on primary source research in May 2026. Fee and rate data was verified from atlantic.money. FCA authorisation confirmed via the FCA Register (FRN 947491). Trustpilot and app store ratings recorded on 29 May 2026.
Competitor fee comparisons use Wise’s published GBP to EUR fee structure as of the same date. Transfer speed claims reflect Atlantic Money’s published delivery windows: actual times may vary by corridor and sending bank.