Nanocrystalline Fe-based alloys are interesting for their soft magnetic properties. Because these alloys are potentially applicable in outdoor-working components, their corrosion behaviour requires careful analysis. This work presents the results of the atmospheric corrosion tests in industrial and rural environments performed for up to 6 months. We compared the corrosion behaviour of two different compositions of NANOPERM-type alloys: FesT.hZr6.hB6 and Fe76MosCulBx5 with classical FINEMET alloys of the nominal composition of Fe73.5CulNb3Si13.5B9 type. The techniques of Mhssbauer spectroscopy, conversion electron M6ssbauer spectroscopy, X-ray diffraction and transmission electron microscopy have been employed to compare their corrosion rate, characterize corrosion products and inspect the structural changes of the nanocrystalline structure. It was found that the Si-containing FINEMET alloys are the most corrosion-resistant whereas worse corrosion properties were observed for molybdenum-containing Fe76 Mos Cul B15 alloy. The corrosion product formed on the surface of NANOPERM-type alloys showed a needlelike morphology and a poor crystalline order and has been identified as lepidocrocite, -~-FeOOH.PACS: 76.80. § 75.50.Cc