Terms and Conditions for our Business Banking Referral Scheme (Ireland)

To participate in the referral scheme you’ll need to act in good faith and accept these terms through the Monzo app. These legal terms are between you and Monzo Bank Europe Designated Activity Company (Monzo/us/we) located at Unit 1, Floor 4, One Central Plaza, Dame Street, Dublin 2, Ireland.

You’ll need to be an Irish Limited Company with an active Monzo business account.

You share your unique referral link with friends (you can find this in your Monzo app)

We may, at our discretion, change the amount for completed referrals. The actual amount you receive will be confirmed in the app and we'll refer to this as 'the bonus'.

You can’t exchange your bonus for an alternative and we can replace the bonus with something else at any time.

You can earn a maximum of 3 referral rewards per calendar month under the Business Referral Scheme, including any referrals made under previous versions of the Business Referral Scheme.

Each link can only be shared with 3 people per calendar month. After that, you and any person who uses the link won't receive a referral bonus even if they enter their details and complete the referral.

If you reach your referral limits, you’ll still be able to refer your friends, but you won’t be eligible for the bonus for referring a business account. If you have a personal current account you may also be eligible to get a referral fee under the Personal Referral Scheme. Your limits will reset on the 1st of the following calendar month, and you’ll be able to earn the bonus for business account referrals again.

You can only get one referral payment per referred customer. A referred business can only claim a referral bonus once, the first time they open an account. If you already have a Monzo personal account, you won’t be able to claim the Business Account referral bonus.

Getting the bonus starts on 14 April 2026. This scheme will terminate on 14 April 2027, but we reserve the right to change this.

We appreciate you sharing your unique referral link far and wide with folks you know. But if we suspect that you’re gaming the offer (for example, paying for advertising to promote your link) then we have the right to stop paying you the bonus. We’ll contact you to tell you that we’ve done this.

We can also freeze your link and stop paying you the bonus if we suspect any fraudulent, abusive or suspicious behaviour. And lastly, your link will stop working if you close your account.

If the person you referred doesn’t sign up and make their first card payment within 30 days, you won’t get the bonus.

We may run limited time offers where you can earn a different reward after making a successful referral. If this applies, we’ll let you know how it works and how long it’s running for by email or in-app messages. You’ll always be able to check whether a limited promotion applies in the referral part of the app. The remainder of these T&Cs apply to limited time offers.

You’ll need to be an Irish resident aged 16 or over who doesn’t have a Monzo account. If you’ve ever started signing up for Monzo, had a Monzo personal account, or been a user on a Monzo business account, you’re not eligible for this offer.

We may, at our discretion, change the amount for completed referrals. The actual amount you receive will be confirmed in the invite and we'll refer to this as 'the bonus'.

We’ll send a message to the mobile number you’ve given us, telling you how long you’ve got to complete the referral. We'll send reminders to let you know how long you have left to claim the bonus. If you join Monzo after 30 days, you won’t get the bonus.

You can’t exchange the bonus for an alternative, and we can replace it with something else at any time. Getting the bonus starts on 14 April 2026. This scheme will terminate on 14 April 2027, but we reserve the right to change this.

We may run limited time offers where you can earn a different reward after successfully completing a referral. You’ll know if this applies by following the referral link your friend sent you. This will tell you how the offer works and how long it applies for. The remainder of these T&Cs apply to limited time offers.

This could include confirming that you’ve:

If you take advantage of this referral scheme, Monzo will assume that you’ve read and agreed to these terms and conditions. These terms and conditions are designed to comply with the Advertising Standards Authority of Ireland code of conduct regarding running promotions. And so you know, we have the right to refuse to provide the promotion to anyone who’s breached these terms and conditions.

We’ll end or temporarily close the referral scheme if we suspect any fraudulent, abusive or suspicious behaviour or any activity that contravenes the spirit or letter of these terms and conditions or applicable laws. We can also amend or add to these terms and conditions if necessary, with appropriate notice where required.

We can’t promise we’ll say yes to everyone who applies for Monzo after using a unique referral link. Like all financial service providers, we have a responsibility to keep Monzo and all our customers safe, so there are lots of factors we look at when you apply.

We’ll collect, store and process the data for everyone who enters the draws in line with our Privacy Notice and relevant data protection legislation. Irish law applies to this scheme and these terms and conditions. Anyone who participates, submits to the exclusive jurisdiction of the Irish courts.

You can contact us through the Monzo app. Email us at help@monzo.com. Phone us on our toll free local number 1800849291 from anywhere in Ireland. To call us from outside Ireland, the number is +35312337650. Or send a letter to: Monzo, Unit 1, Floor 4, One Central Plaza, Dame Street, Dublin 2, Ireland.