Welcome Bonus Details: By applying the referral code during the sign-up process, you can unlock a bonus when you open a new Monzo account and make your first card payment. For personal accounts, you and the person who referred you will get £5 each. For business accounts, you both get £50 each when you sign up and spend on your card within 30 days (excluding virtual cards, ATM, and money transfers). This bonus provides a great start to your banking journey with Monzo.
Monzo is a modern banking platform designed to make managing your money simple and hassle-free. With Monzo, you can apply in minutes and get started for free. Monzo offers a wide range of features, including instant UK bank transfers, expense tracking with receipt photos, and 24/7 customer service through in-app chat. It’s the perfect solution for personal or business banking, providing tools that help you save time and cut down on the hassle of managing your finances.
Step 1: Click on the referral link provided.
Step 2: During the sign-up process for a new Monzo account, enter the referral code to qualify for the bonus.
Step 3: Complete the application process, which takes just a few minutes.
Step 4: Once your account is set up, make your first payment using your Monzo debit card, Apple Pay, or Google Pay.
Step 5: After completing these steps, the welcome bonus will be credited to your Monzo account. If you're signing up for a business account, ensure you meet the eligibility requirements (sole trader or director of a limited company, UK businesses only).
Tips for Success: To ensure you receive your bonus, complete the application and make your first payment soon after signing up. If you forget to enter the referral code during sign-up, contact Monzo support to inquire about applying it retroactively. Remember, if you’ve ever started signing up for Monzo or had an account before, you’re not eligible for this offer.
Using Monzo for your banking needs offers several advantages:
Monzo frequently offers additional features and benefits, such as rewards for referring friends or bonuses for using certain services like international payments through Wise. Be sure to check Monzo’s app for the latest offers to make the most of your account.
What happens if I forget to enter the referral code?
It’s important to enter the referral code during the sign-up process to qualify for the bonus. If you forget, contact Monzo’s customer support as soon as possible to see if they can apply it retroactively.
When will I receive my welcome bonus?
The bonus will be credited to your account after you’ve set up your Monzo account and made your first payment using your Monzo card. For business accounts, you must spend on your card within 30 days (excluding virtual cards, ATM, and money transfers) to qualify for the £50 bonus.
Can I refer others to Monzo?
Yes! Monzo offers a referral program where you can earn rewards for referring others to open an account. For personal accounts, both you and your referral will receive £5 each. For business accounts, both will receive £50 each, provided your referral signs up and spends on their card within 30 days. Share your unique referral link to invite friends, and earn bonuses when they sign up and start using Monzo.
Are there any fees for using Monzo?
Monzo offers many of its core features for free, including instant UK transfers and spending abroad without fees. Some fees may apply for certain services, such as international transfers through Wise. Monzo Business Lite is free, while Monzo Business Pro costs £5/month with the first month free.
If you’re interested in Monzo, you might also want to explore similar banking platforms like Revolut, or N26, which offer comparable services and sign-up bonuses.
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Monzo offers a user-friendly and efficient platform for managing your finances, with the added benefit of a welcome bonus when you sign up using the referral code. With its instant transfers, expense tracking, and easy-to-use interface, Monzo is an excellent choice for anyone looking to simplify their banking experience.
