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Referrals
$0 to StartLow Effort Passive Mobile OK

Monzo Referral Program

Earn a referral bonus when friends join Monzo and make a qualifying card payment

4.4/5

Monthly Potential

Up to £100, depending on the current referral offer

⏱ The referred customer generally has 30 days from entering their phone number through the referral link to complete the required steps.

Start Earning

Earning Potential

Up to £100, depending on the current referral offer

Time Commitment

< 2 hrs/week

Our Rating

4.4/5

Best For

Existing Monzo customers with friends who are eligible to open a new Monzo account

What Is Monzo Referral Program?

What You Earn

Monzo's referral program lets eligible customers earn a referral bonus when someone joins Monzo through their unique referral link and completes the required qualifying actions. The reward is variable, meaning the exact amount is shown in the referrer's Monzo app. Current offers can range from smaller bonuses to rewards of up to £100. Not every referral invitation currently includes a bonus.

Reward: 

Up to £100 per qualifying referral, depending on the current offer.

Recurring?

 No. The program pays a referral bonus for qualifying new customers rather than recurring commissions.

Who Gets Rewarded?

The referrer, and in some current campaigns the new customer also receives a bonus. The exact arrangement depends on the offer attached to the referral link.

What Your Friend Gets

Depending on the active Monzo promotion, the new customer can receive a referral bonus after completing the required steps. Current variable-reward offers can provide both the referrer and referred customer with a reward.

Minimum Requirements

The referred person must use the referral link before signing up, enter their phone number through the invite page, open a new eligible Monzo account and make a qualifying card payment within 30 days. Qualifying payments can include physical card, virtual card, Apple Pay and Google Wallet payments.

Country Restrictions

The standard referral offer is currently primarily available to eligible Monzo customers in supported markets. The UK program has specific eligibility requirements, while Monzo also operates referral programs in other supported markets such as Ireland. Offers and requirements vary by country.

Payout Method

Monzo account balance

How Payouts Work

Once the referred person has opened their account and completed the qualifying payment within the required period, Monzo confirms eligibility and pays the applicable reward into the eligible account.

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Realistic Earnings — What to Actually Expect
Monzo is a strong referral program because the signup process is relatively simple and the qualifying requirement is straightforward: the referred user needs to open an account and make a card payment. The current program also has the potential for relatively high rewards, with variable offers reaching up to £100.


The main downside is that the reward is not fixed. Monzo can offer different amounts to different customers, and not every invite currently comes with an incentive. Referral limits also apply, with Monzo currently stating that a referral link can be activated by up to 10 friends per month and 100 friends over its lifetime in the relevant program.

✓ Pros
  • Up to £100 per qualifying referral
  • Exact reward shown in the Monzo app
  • Potential rewards for both referrer and friend
  • Monthly and lifetime referral limits may apply
  • Reward paid directly into the Monzo account
✗ Cons
  • Potential referral bonus depending on the active promotion
  • Must be completely new to Monzo
  • Must use the referral link before signing up
  • Must use the same phone number throughout signup
  • Must open an eligible Personal account
  • Must make a qualifying card payment within 30 days
How to Get Started
  1. 1
    Open the Monzo app
  2. 2
    Go to the referral section
  3. 3
    Copy your unique referral link
  4. 4
    Share the link with an eligible friend
  5. 5
    Your friend opens the link and enters their phone number
  6. 6
    They download the Monzo app and complete signup
  7. 7
    They add money and make a qualifying card payment
  8. 8
    Monzo confirms the referral
  9. 9
    Receive the referral bonus

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Common Questions
How much can I earn from Monzo referrals?
The reward varies depending on the offer attached to your referral link. Current variable-reward promotions can offer up to £100, but the exact amount is shown in the Monzo app and can differ between customers.
Is the Monzo referral reward recurring?
No. Monzo pays a bonus for qualifying referrals rather than an ongoing commission from the referred customer's activity.
What does my friend need to do?
They need to open your referral link, enter their phone number, sign up for Monzo using that same number, open a qualifying Personal account and make a qualifying card payment within 30 days.
Does my friend get a reward too?
Some Monzo referral campaigns reward both people. The exact reward depends on the offer attached to the referral invitation.
What counts as a qualifying payment?
Physical card payments, virtual card payments, Apple Pay and Google Wallet payments can qualify. Bank transfers, cash withdrawals, declined payments, reversed payments and refunded payments do not qualify.
Which countries support Monzo referrals?
Availability depends on the Monzo market and specific referral campaign. The standard program is available to eligible customers in supported Monzo markets, including the UK, while separate referral programs exist in markets such as Ireland.
How long does my friend have to complete the requirements?
The current standard requirement gives the referred customer 30 days to sign up and make the qualifying payment. The 30-day period starts when they enter their phone number through the referral link.
How many people can I refer?
The current Monzo information states that a referral link can be activated by up to 10 friends per month, with a lifetime maximum of 100 friends in the relevant program.
Can I refer someone who previously had Monzo?
Generally no. The referred person needs to be completely new to Monzo and must not already have or have previously opened an eligible Monzo account under the applicable referral terms.
Can I publicly promote my Monzo referral link?
Monzo's referral terms can restrict how referral links are promoted, particularly where links are used for paid advertising or potentially abusive referral activity. Check the specific terms attached to your referral offer before publishing it commercially.

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Quick Summary
Monthly Earning
Up to £100, depending on the current referral offer
Time to Earn
The referred customer generally has 30 days from entering their phone number through the referral link to complete the required steps.
Cost to Start
$0 to Start
Best For
Existing Monzo customers with friends who are eligible to open a new Monzo account
Effort
Low Effort
Mobile
Yes

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referralMonzobankingfintechcash rewardsbank accountside hustleUK
Independently reviewed. Referral links may earn us a small commission — this doesn't affect our ratings.