Referral program general info
Effective November 27, 2023.
See our full Referral Program Terms and Conditions for more details.
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 "Eligible ways to add money" list below;
Activate their Monzo card; and
Spend at least $10 on their Monzo card. Peer-to-peer (P2P) transfers don't count. See "Eligible spending on your Monzo card" list below.
Once your friend completes the above 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.
Eligible ways to add money
The following ways of adding money qualify ✅
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
Eligible spending on your Monzo card
The following types of purchases qualify ✅
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
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 at least $10 using their Monzo card.
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.
