Monzo Referral: Usually £10 for You and a Friend

A Monzo referral can earn you and a friend a reward when you open an account, but the details matter. This page explains how the Monzo referral works, who can claim it, what you have to do and the catches to watch for. The reward is usually £10 each, but Monzo can vary it, so always check the amount on the invite page before you start.

How the Monzo referral works

If someone who already banks with Monzo refers you, and you open an account through their link, you can both get a reward. The person who refers you must have an open Monzo account, be a UK resident and be 16 or over. You are the person being referred, so you must follow the steps in the right order for the reward to count.

How much is the Monzo referral reward?

Under Monzo’s standard terms the reward is usually £10 each. Monzo also runs a variable reward scheme, where the amount is chosen at random: most people get £10, a small number get £20 and a few get £50. Monzo’s terms say the reward can also be lower once someone has made a large number of referrals. Because the amount can vary, we only say “usually £10”. The invite page shows what you will actually get, so check it before you sign up.

Who can claim a Monzo referral?

• You must be a UK resident aged 16 or over.
• You must not have had a Monzo account before.
• You must not have started signing up for Monzo before. If you did, you are not eligible.
• You must use the referral link before you sign up, not afterwards.

How to claim your Monzo referral reward

1. Open the invite link before you do anything else.
2. Download the Monzo app and apply for an account.
3. Add some money to the account.
4. Pay for something with your Monzo card. There is no minimum amount.
5. Do all of this within 30 days of accepting the invite.

If you miss a step or run out of time, the reward may not be paid, and Monzo’s decision on this is final under its terms.

The catches with a Monzo referral

• The amount can change. Monzo can vary or change the reward, and the invite page may not show a figure until you open it.
• Order matters. If you sign up before opening the link, you may lose the reward.
• Previous accounts. If you ever started a Monzo sign-up, you are not eligible.
• It is a bank account. Open the account because it suits you, not only for the reward.

Is Monzo a good choice for you?

A referral reward is a bonus, not a reason to choose a bank. Look at what you need from an account: fees, how you will use it, how you want to pay and get paid, and how you feel about banking in an app. Compare it with other accounts before you decide. If you do choose Monzo, using a friend’s link means you can both get the reward.

Monzo referral questions

Can I get the Monzo referral if I already have an account?

No. The referral is for new customers who have never started a Monzo sign-up.

Is there a Monzo referral for businesses?

Monzo has a separate referral scheme for business accounts with different terms. Check Monzo’s own business referral terms for the current amount and rules.

Where are the official terms?

Read Monzo’s own referral scheme terms and conditions before you sign up. They are the final word.

Our verdict on the Monzo referral

It is a genuine offer with a small reward and clear conditions. Follow the steps in order, check the invite page for your amount and read Monzo’s terms. We checked these details on 1 October 2026 and will update this page when they change. For how we choose what to publish, see how we verify offers and how we make money.