Atlantic Money goes live in the UK

Monday 20 June 2022 13:56 CET | News

Fintech Atlantic Money has launched its app to early sign-ups in the UK, so customers can send money globally.

Atlantic Money expects to save its average customer around 75% annually when compared to competitor Wise. The company is onboarding UK-based customers who signed up to access the service early when the business came out of stealth in March 2022.

These customers will be able to transfer up to GBP 1 million for a GBP 3 fixed fee and zero FX mark-up using the Atlantic Money app. Anyone who wants to join the list now can register via the Atlantic Money website and will receive access in the coming future. Soon, the app will also be available to everyone else in the UK.

Atlantic Money undercuts the pricing model of incumbent providers. For example, someone sending GBP 3500 to EUR would see at least 75% savings on fees, with larger transfers up to 99% cheaper, as per the press release. The fintech is focused on making money transfers cheaper and easier for active senders.

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Keywords: cross-border payments, money transfer, remittance, product launch
Categories: Payments & Commerce
Companies: Atlantic Money
Countries: United Kingdom
This article is part of category

Payments & Commerce

Atlantic Money

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