Is Atlantic Money Worth Using? A Fresh Look at Fees, Delivery, and Smart Alternatives
Benjamin Clark - 2025-08-22 15:36:43.0 108
Introduction
If you’ve ever searched for a reliable way to send money internationally, Atlantic Money might have caught your eye. It's a fintech upstart promising low-cost transfers with transparent service. But how does it really perform—and are there newer alternatives worth considering? Let’s break it down.
What’s the Story Behind Atlantic Money?
Founded in 2020 and launched publicly in 2022, Atlantic Money was created by Neeraj Baid and Patrick Kavanagh, both former Robinhood employees. This London-based startup offers fixed-fee transfers (£3 or €3 per transaction, with no markup on the exchange rate) for transfers up to £1 million or €1 million
What Makes Atlantic Money Stand Out
| Feature | Details |
|---|---|
| Transparent Pricing | Flat £3/€3, with no hidden fees in the exchange rate |
| Express Option | Available for faster service with an added 0.1% of transfer amount |
| Reliable Rates | Real-time interbank rates—no inflated margins |
| Delivery Times | Standard: ~2 days; Express: same-day or next-day, depending on route |
| User Feedback | High app ratings (4.8 on iOS & Android), Trustpilot score of 4.1/5 |
| Transparency & Compliance | Regulated in the UK (FCA) and EU (Belgium), safeguarding user funds |
Reddit users repeatedly praise Atlantic Money’s clarity and cost-effectiveness. One user shared:
“Transferred 20k with no fuss. Best offer at the market by far.”
Limitations to Keep in Mind
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Limited Currency Support — Primarily GBP and EUR; not ideal if you need broader coverage.
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Mobile/App Only — No web interface until mid-2024; still evolving.
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Not Tailored for Small Transfers — The flat fee may not be ideal for low amounts.
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Fewer Transfer Options — Only bank-to-bank transfers, no cash pickup or wallets.
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Customer Support Still Scaling — Some users note delays with large or complex transfers.
A Contemporary Alternative: Panda Remit
For those intrigued by Atlantic Money’s simplicity but seeking extra flexibility, Panda Remit is worth exploring.
Founded in 2018 and based in Singapore, Panda Remit serves over 40 countries across Asia, Oceania, Europe, and North America. It offers diverse services—global remittances, transfers to China, and outbound flows from China—making it especially versatile for international users .
What’s refreshed and compelling by comparison:
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Low Fixed Fees — Transparent and straightforward pricing for both new and returning users.
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Lightning-Fast Delivery — Many transfers are completed within minutes.
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Competitive Exchange Rates — Often better than traditional banks or older providers.
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24/7 Live Support — Comprehensive assistance, day or night.
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Ongoing Promotions — Exclusive “Diamond Rates,” first-transfer waivers, and social-media voucher drops.
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Credible Backing — Investors include Sequoia and Lightspeed; recognized by MasterCard’s Start-Path program.
Stay connected with Panda Remit via Instagram and Facebook for live rates and exclusive offers.
Final Thoughts
Atlantic Money is a standout solution for users who value transparency and low flat fees—especially for medium-to-large bank transfers within GBP or EUR. Its regulated status and clean app experience amplify its appeal.
However, if you are looking for more destination options, faster delivery, and promotional perks, Panda Remit represents a modern alternative built for flexibility and value.
Compare what matters most: speed, cost, coverage—and pick the service that delivers.
