Atlantic Money vs Profee
Side-by-side comparison — pricing, features, ratings, use cases. Find which Money Transfer fits you best.
🔍 Independently researched ·
📊 Data-driven
58/100
Free tier
Individuals or businesses who regularly send large international transfers (typically over £1,000) and want a flat, tran
💰 Pricing
🆓 Free tier available
Account registration is free, but every outgoing transfer costs a flat fee of £3 / €3 / $3. No free transfers are included.
Starting at 3 € (flat_fee)
Fee notes:
- Flat fee of £3 / €3 / $3 depending on sending currency, regardless of transfer amount.
- No percentage-based fee and no exchange rate markup — you get the mid-market rate.
- No fee for bank transfer funding (SEPA, Faster Payments, ACH); card payments are not accepted.
- No cash pickup service; transfers are delivered to bank accounts only.
- Standard bank transfer speed is 1–2 business days; no express delivery option is offered.
⚠ Watch for:
- Recipient's bank may deduct incoming wire fees or correspondent bank charges, especially for SWIFT-based transfers.
- Some currency corridors may require local clearing fees or third-party deductions not controlled by Atlantic Money.
- Cancellation or refund requests may incur bank processing delays or fees from the sending bank.
- If the recipient's bank does not support the delivery method, an intermediary bank may charge a currency conversion fee.
🔧 Features
✓ Flat Fee✓ Mid Market Rate✓ Undercut Wise✓ Uk Based✓ No Limit✓ Free Tier
📋 Assessment
💪 Strengths
- Flat £3 fee regardless of amount: Unlike percentage-based services, Atlantic Money charges a fixed fee for all transfers. This creates near-perfect pricing predictability, which is rare in international money transfer. For example, a £50,000 transfer would cost only £3 versus roughly £200 on Wise, making it exceptionally cost-effective for large sums.
- No upper limit on transfer amounts: Many services cap transfers or impose escalating fees for large transactions. Atlantic Money has no upper limit, making it one of the few options for sending extremely large amounts — such as property purchases or business acquisitions — without fearing a proportional fee hike.
- Mid-market exchange rate without markup: The exchange rate offered is the true mid-market rate, with no spread added. This is critical because hidden rate markups are a major cost in international transfers. Atlantic Money's transparency allows users to calculate exact costs in advance, eliminating surprise deductions.
- FCA regulation and client fund segregation: Being regulated by the UK's Financial Conduct Authority provides a level of trust and accountability. Client funds are held in segregated accounts, meaning your money is protected if the company fails — a significant advantage for high-value transactions.
- Simple, straightforward user experience: The platform is minimal and easy to use: you enter the amount, see the rate and fee, and confirm. There are no complicated tiers, monthly subscription requirements, or upselling. This focus on simplicity is a welcome departure from feature-heavy competitors.
⚠ Watch out for
- Transfers are slower than competitors: Atlantic Money uses the SWIFT network, which takes 1-4 business days. Services like Wise or Revolut often deliver in seconds or minutes via local payment systems. If you need an urgent transfer, this lag can be a dealbreaker.
- Flat fee is proportionally expensive for small transfers: For amounts under £1,000, the £3 fee represents a significant percentage (e.g., 0.6% on £500). Many alternatives offer free or cheaper transfers for small amounts, making Atlantic Money a poor choice for everyday transactions.
- Limited currency and country coverage: Atlantic Money supports only about 20 currencies and a handful of countries, mostly major economies. This contrasts sharply with Wise's 40+ currencies or Revolut's 30+ currencies, and it lacks support for local payment rails in many countries, resulting in slower and more expensive processing.
- No multi-currency accounts or payment cards: Unlike competitors that offer full banking features (like holding multiple currencies, debit cards, or expense management), Atlantic Money is a pure transfer service. If you need an integrated financial tool, this is a significant omission.
- Customer support is minimal: Support is primarily via email, with no live chat or phone service. Response times can be slow (up to 24 hours), and there is no extensive knowledge base or help center. For a service handling large sums, this lack of immediate support may cause anxiety.
🎯 Best for
Individuals or businesses who regularly send large international transfers (typically over £1,000) and want a flat, transparent fee with the mid-market rate.
🚫 Who should skip
Anyone sending small amounts, needing instant transfers, or wanting an all-in-one multi-currency banking app should look at Wise, Revolut, or similar services.
📚 Learning curve
Minimal — the app walks you through each step, and setting up a transfer takes just a few minutes once you've entered the recipient's bank details.
🧑⚖️ Verdict
Atlantic Money is a brilliant choice for individuals and small businesses that regularly send more than £1,000 internationally — the flat fee and mid-market rate save significant money. However, for smaller transfers or those who need instant remittances, alternatives like Wise or Revolut offer bett
69/100
0 € starting
Individuals in the European Union who need to send money quickly, easily, and affordably to family, friends, or freelanc
★ Best
💰 Pricing
Starting at 0 € (per_transaction)
Fee notes:
- Card-to-card transfer fee: from €0.50 per transaction, plus a percentage (typically 1.5% to 2.5% depending on corridor and payment method).
- FX markup: 0.5% to 1.5% above interbank rate, varying by currency pair and corridor.
- Bank transfer (SEPA) fee: €1.00 per transaction (if available).
- Cash pickup fee: varies by agent (e.g., 1-2% of amount, minimum €3).
- No subscription fees; pay only for transactions.
⚠ Watch for:
- Transfer fees can be deducted from the sent amount or added on top; check total recipient amount.
- Card issuing bank may charge cash advance or foreign transaction fees.
- Recipient bank may deduct incoming wire fees.
- Weekend transfers may incur higher FX markup due to market closure.
🔧 Features
✓ Card To Card✓ Cis Corridors✓ Cyprus Latvia✓ Russian✓ Central Asia
📋 Assessment
💪 Strengths
- Specialized Corridor Expertise: Profee's focus on EU-to-CIS and EU-to-Asia corridors is its biggest strength. Services like Wise have restricted transfers to Russia and some Central Asian countries, leaving a void. Profee steps in, offering reliable transfer routes to these regions, which is invaluable for expats, immigrants, and business owners paying freelancers in places like Uzbekistan or Kyrgyzstan.
- Card-to-Card Convenience: The card-to-card system eliminates the need for bank account details or cash pickup. You only need the recipient's card number. This is a massive time-saver and reduces friction, especially for senders who may not have the recipient's IBAN or similar. It also helps unbanked recipients receive funds directly to their cards, which is common in these regions.
- Instant Transfer Speed: Transfers are typically completed within minutes, which is crucial for urgent remittances. Whether it's helping a family member with an emergency or paying a freelancer promptly, the speed is a major selling point. This is achieved through card network integration, ensuring funds reach the recipient's card almost immediately.
- Transparent Fee Structure (for standard corridors): For popular routes like EU-to-Russia or EU-to-Turkey, Profee offers competitive fees, sometimes even lower than traditional banks. The fee is displayed upfront before you confirm the transfer, with no hidden margins on exchange rates. This transparency builds trust, a key factor in financial services.
- Regulatory Compliance and Security: Profee is licensed in Cyprus and Latvia, operating under EU regulations. This provides a layer of security and accountability, which is reassuring for users sending money across borders. The platform uses encryption and complies with AML (Anti-Money Laundering) directives, ensuring transactions are secure and monitored.
⚠ Watch out for
- Limited Corridor Coverage: Profee is not a global service. It only sends from select EU countries to Russia, Turkey, and Central Asia. If you need to send money to Africa, South America, or other parts of Asia, you'll have to look elsewhere. This narrow focus is excellent for its niche but a dealbreaker for those needing diverse routing.
- Misleading 'Free' Tag: The starting price of $0.5 is promotional and applies to specific corridors and card types. For less common routes or when using certain cards, fees can be higher than competitors like Wise or Revolut. Users have reported that the 'free' tag is misleading, as the actual cost varies and sometimes exceeds expectations.
- Low Transaction Limits: Profee is designed for personal remittances, with limits that are capped. High-volume senders or businesses will quickly hit these limits and be forced to split transfers or seek alternatives. This makes it unsuitable for payroll or large transactions, a significant limitation for some potential users.
- Limited Customer Support Options: Support is primarily via email and an in-app chat, with no phone support. Response times can be slow, especially during peak hours. For a service dealing with money, this lack of immediate assistance can be frustrating, particularly if a transfer is delayed or fails.
- No Business Features: There are no API integrations, multi-user accounts, or invoicing tools. Profee is strictly a consumer service. This is a con for freelancers or small businesses that might want to automate payments or manage team expenses. They would need to use a separate platform for business needs.
🎯 Best for
Individuals in the European Union who need to send money quickly, easily, and affordably to family, friends, or freelancers in Russia, Turkey, and Central Asian countries using just a card number.
🚫 Who should skip
Businesses with high-volume payment needs, people sending money globally outside the supported corridors, and those who prefer traditional bank-to-bank transfers or cash pickup options.
📚 Learning curve
Minimal — the platform is straightforward: create an account, verify your ID, enter the recipient's card details, and pay. Even first-time users can complete a transfer in under five minutes.
🧑⚖️ Verdict
Profee is an excellent choice for individuals sending remittances from the EU to Russia, Turkey, or Central Asia, especially those who value speed and convenience. However, its limited corridor coverage and low transaction limits mean it's not suitable for businesses or those needing a global soluti
📊 Use Case Suitability
Higher score = better fit. Scores from editorial review.
Use CaseAtlantic MoneyProfee
Sending over £1,000 to a foreign bank account95—
The flat £3 fee undercuts percentage-based competitors like Wise, saving you sig
Making a property purchase abroad92—
Large real estate payments can incur hundreds in fees elsewhere; Atlantic Money'
Paying tuition fees at a foreign university85—
Tuition fees are typically well above £1,000, and getting the mid-market rate wi
Business supplier payments overseas80—
Settle regular larger invoices with one flat fee, but the SWIFT processing time
Sending small recurring amounts under £20015—
The £3 flat fee represents a high percentage cost on small transfers, and there
Remittances to Russia—95
This is Profee's core strength—fast card-to-card transfers to Russian bank cards
Sending money to Turkey from Europe—90
Profee has strong Turkish corridors and supports transfers to major Turkish bank
Paying freelancers in Central Asia—85
With coverage across Kazakhstan, Kyrgyzstan, and Uzbekistan, Profee offers a sim
🧭 Which One Should You Pick?
Choose Atlantic Money if...
- You are: Individuals or businesses who regularly send large international transfers (typically over £1,000) and want a flat, tran
- 👍 Flat £3 fee regardless of transfer amount, while still offering the mid-market exchange rate — this
- 👍 No upper limit on transfers, making it a rare option for very large international payments without a
- 👍 Regulated by the FCA in the UK, with client funds safeguarded in segregated accounts.
- 💰 From $3/mo
- ⚠ Trade-off: Only cost-effective for transfers over around £1,000; on smaller amounts, the fl
Choose Profee if...
- You are: Individuals in the European Union who need to send money quickly, easily, and affordably to family, friends, or freelanc
- 👍 Specialized in EU-to-CIS corridors, including Russia, Turkey, and Central Asia, where many general m
- 👍 Card-to-card transfer system means no bank account details or cash pickup locations are needed—just
- 👍 Fast transfers, typically arriving within minutes to the recipient's card, which is essential for ur
- 💰 From $0.5/mo
- ⚠ Trade-off: Limited to specific corridors and not a global money transfer solution; sends on
❓ Frequently Asked Questions
How much does Atlantic Money charge for a transfer?
Atlantic Money charges a flat fee of £3 per transfer, no matter how much you send. You also get the mid-market exchange rate with no markup, so the total cost is simply £3.
Is Atlantic Money cheaper than Wise?
For transfers above roughly £1,000, yes. Wise charges a percentage-based fee plus a fixed fee, which scales with the amount, while Atlantic Money's £3 flat fee becomes proportionally cheaper as the transfer size grows.
Is my money protected if I use Atlantic Money?
Atlantic Money is authorised by the UK's Financial Conduct Authority (FCA) as an Authorised Payment Institution. Customer funds are safeguarded in segregated accounts, which means they're protected if the company fails.
Which countries and currencies does Atlantic Money support?
Atlantic Money primarily supports transfers across several major currencies, including GBP, EUR, and USD, with a focus on the SWIFT network. The exact list of supported countries and currencies can change, so it's best to check their website.
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