How much does Monzo pay for a referral?

Monzo pays the referrer £10 for most referrals, occasionally £20 or £50, drawn at random. The invited person gets The same amount the referrer gets.

Who can use the Monzo referral program?

Your friend taps your link and enters their mobile number, then has 30 days to download the Monzo app, apply for a current or business account, add money and pay for something with Monzo, with no minimum spend.

Monzo referral program

Q: Does Monzo have a referral program?

Yes — Monzo runs a referral program. Monzo randomises the bonus per user rather than publishing a rate, so what you get is genuinely unknown until you get it. Last checked 22 July 2026.

monzo.com

Yes

Referral program active

Monzo randomises the bonus per user rather than publishing a rate, so what you get is genuinely unknown until you get it.

You get £10 for most referrals, occasionally £20 or £50, drawn at random A 'mystery reward' in the in-app referral hub

They get The same amount the referrer gets Both sides can receive one

We hold no Monzo referral link

Referral program active

This one is not open to everyone. Whether you can invite anybody depends on your account, and it is offered in-product rather than advertised.

Official terms

Share your Monzo invite link

We hold no link for this one — nobody can have an account everywhere. Add yours and it goes in front of the next person who asks.

Referral linkOr a code

If we already hold a link for this one, yours goes on file rather than live — we swap it in if it turns out to be the better offer.

What Monzo pays for inviting a friend

Program type: Refer a friend — run by the vendor
Qualifies on: Your friend taps your link and enters their mobile number, then has 30 days to download the Monzo app, apply for a current or business account, add money and pay for something with Monzo, with no minimum spend.
Payout delay: Monzo tells you the amount in the app once the referral is complete
Cap: Falls to £5 a referral once you have made 100
Availability: UK only — Monzo has shut down its US operation

Because the amount is randomised, the '£5 / £50 / £100' figures on coupon sites are not just stale — they were never a rate to begin with.

See what their page actually says

Copied word for word from the vendor's own page. If it no longer says this, tell us.

After you have made 100 referrals, the reward will decrease to £5 for you and the friend you refer.

Read on https://monzo.com/legal/referral-variable-reward-scheme-c/terms-and-conditions

Other Fintech referral programs

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Has the Monzo offer changed?

No changes recorded since we started tracking this.