Referral program general info
Effective 3/18/2024 2:30 PM EST
See our full Referral Program Terms and Conditions for more details. Please check this help page for the latest program offer as it is subject to change at any point.
How to claim a referral reward
1. Share your unique referral link with friends who don’t have a Monzo account.
Your referral link is in the referral section of your Monzo app - tap the Gift icon at the top of your home screen 🎁
2. Your friends tap the link and enter their mobile number to accept your invitation, which starts the clock.
They have 14 days to:
Download the Monzo app;
Apply for a Monzo account;
Add money to their account using an eligible funding method. See "Qualified methods of funding and spending" list below;
Activate their Monzo card; and
Spend at least $10 on their Monzo card. Peer-to-peer (P2P) transfers don't count. See "Qualified methods of funding and spending" list below.
Once your friend accepts your invitation, they'll get messages to the mobile number they provided, telling them how long they have to complete the referral steps above.
3. Once your friend completes the required steps, we’ll add $20 to both of your Monzo accounts within 7 business days.
You’ll each get a push notification to your Monzo app when the bonus is deposited.
We’ll keep you updated and let you know if we’re waiting on your friend to:
accept your referral;
download the Monzo app;
activate their Monzo card; and
spend the minimum amount using their Monzo card.
Qualified methods of funding and spending
Adding money to your card
The following ways of adding money qualify as eligible funding ✅
ACH bank transfers from another account to Monzo, using the Monzo app or your other bank's app/website
Direct deposit from your employer
Debit card top-up using another bank's debit card
Debit card top-up using P2P apps like Venmo, Cash App, Paypal, or Zelle
The following ways do not qualify ❌
Monzo instant transfers with friends
Monzo account to account transfers (between your personal and joint accounts)
Wire transfers
Cash deposits
Check deposits
Crypto site / app transfers
Spending money with your card
The following types of purchases qualify as eligible spend ✅
Online merchants
In-store retail merchants
The following purchases do not qualify ❌
P2P apps like Venmo, Cash App, Paypal, or Zelle
Crypto sites or apps
ATM (in network or out of network)
Gift cards
Gambling sites
Monzo instant transfers with friends
Any transaction made using your account/routing number
Transfers to linked bank accounts
Certain digital goods and professional services may not qualify
Exclusive offer
Some customers may see an increased $40 reward promoted in their app. If you see this listed in your app, you are eligible for an exclusive offer where you can earn an increased reward for every referral you make.
To claim this exclusive offer, you will need to send your unique referral with friends who don’t have a Monzo account. When they tap your link, they will enter their phone number which starts a clock. Your friend will have 14 days to:
Download the Monzo app;
Apply for a Monzo account;
Add money to their account using an eligible funding method. See "Qualified methods of funding and spending" list above;
Activate their Monzo card; and
Spend at least $10 on their Monzo card. Peer-to-peer (P2P) transfers don't count. See "Qualified methods of funding and spending" list above.
Once your friend completes the required steps, we’ll add $40 to both of your Monzo accounts within 7 business days.
The group of customers eligible for this exclusive offer may change over time, and we can add or remove customers from the eligible group at our discretion.
