Atlantic Money users can now transfer euros from the UK for €3

By Joy Dumasia

Atlantic Money announced that its users in the UK can now transfer from euro to nine currencies worldwide for just €3. This means in addition to international transfers from the British pound; customers can also transfer euros for a flat fee of €3 and always at the live exchange rate, all the way up to €100,000 (the European limit for instant payments).

Atlantic Money users can now transfer their salary from Germany to England cheaper than ever before. If they rent out a holiday home in Spain, they can convert earnings into British pounds without incurring massive losses. And people that recently moved to the UK from Europe can bring their savings with them more efficiently than ever.

Neeraj Baid, Co-Founder of Atlantic Money, said: “We can’t wait for our customers to experience great savings with euro transfers, just as they have been with British pounds. With euro transfers out now, we’re looking ahead to the next development: US dollar transfers.

In June, we became available for everyone in the UK and have since helped customers realise huge savings on their transfers. And we’re just about to get started in the EU. This wouldn’t be possible without all the trust from our community and all the positive feedback – this is what drives us!”

Atlantic also started working on other developments, such as:

• More express currencies: Users can now send express delivery transfers to the Canadian dollar, Australian dollar, and Polish zloty.
• Sending from US dollar: Atlantic Money has started working on allowing users to transfer from US dollar, which will be available in the near future.

IBS Intelligence also reported that Atlantic Money announced that it received approval to operate as a payment institution by the National Bank of Belgium (NBB), the first company to have done so within a year. The licence enables the business to operate in Europe, with access to all 30 EU and EEA member states.