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Do you plan on having transfers without exchanging currencies? I have 2 country presence and have Euro accounts on both countries. Ireland/Turkey. Also will you be adding more countries?
Love the site and product otherwise.
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Hi pkavanagh. What countries do you support? I live in Israel, can I send and receive money from Europe? Turkey? The US? I really don't want to sign up to the newsletter, this is basic information that in my opinion should be freely shared on the web site.
Hi dotancohen, we currently support sending GBP from the UK into the following currencies: EUR, USD, AUD, CAD, CZK, DKK, NOK, PLN, SEK. Looking forward to supporting EUR outbound in the near future, and then we'll go from there.
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Hello, nitpickers. Please keep up the good work. Hopefully all the questions end up on an faq on their site (with links and credits). As a frequent money-mover, i enjoy disruptors in the market...but if basic questions have still to be asked, and answered, then its only thanks to naysayers that there is any chance of transparency and clarity. "If what you say remains true....."? Escape clause in the tos and eula, muc…
Don't keep up the bad work nitpickers. There's a big difference between asking questions in good faith because you want to know the answer, and naysaying because you want to feel like you know better.
> We were stunned at the fees it was costing us to move money across borders with existing fintech solutions Isn’t TransferWise already pretty cheap?
Not relative to our pricing! For a £5k transfer we're charging 83% less than Wise. I'm certainly happy to pay 83% less for substantially the same service :)
Is there a way to get notified when you will add support for other currencies?
Is this really that unusual? Bank i use offers international payments for fixed fee (~8 EUR) for many years.
This is a great question and we see it a lot. Really, it highlights just how opaque FX fees are in the industry, particularly with large institutions. It's important to notice that we're the only product that combines a fixed fee and zero FX markup. Banks are charging you a fixed fee, but marking up the FX rate by 1-3% typically. So you're actually paying 8 EUR explicitly + 1-3% hidden fee which, in total, is a (very…
But as others wrote, saing 'zero FX markup' is opaque and nonsensical. Proper way to is just to annonuce your spread. Even companies that have some FX markup can offer smaller spread than 'zero FX markup' if they have balanced flows between currencies and can pair most of their transactions internally.
Great to see more and more competition in the money transfer space, congrats on the launch. Here's a little comparison by amount received (incl. all fees) with the cheapest provider found on Monito.com (comparison site I co-founded) vs Atlantic Money: Sending £1000 to: - EUR: €1,199 vs €1,196.83 - CAD: CA$1,693 vs CA$1,686 - PLN: zł5,737 vs zł5,826.58 - USD: $1,311 vs $1,310 As we can see, the competition on pricing…
> USD: $1,311 vs $1,310 Who is the alternative in this case? So Atlantic is saving me $1?
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So I can shuffle $1M between £ and $, costing £6/hour, and earning guaranteed money whenever the rate moves by more than 0.00003 in a half hour period? Sounds open to abuse!
Save yourself the trouble. I’ll write you the contract myself. Just give me the million quid and I’ll pay you the £12 a day. No need to actually move anything.
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Google shows the last price which an asset was traded for.
On which exchange? And if an average of prices on different exchanges, which exchanges are included in the average? How do you know how Google is doing it?