Monzo: Free Money With My Referral Code!
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Today I have another great free money offer for you! You can get up to £50 free cash, instead of the usual £5, when you sign up for the popular free debit card Monzo.
Read on to learn more about the amazing Monzo refer-a-friend scheme, offering a generous Monzo sign-up bonus. There is also an easy step-by-step guide for how to get the free cash with my Monzo referral code.
Quick offer summary:
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Up to £50 free cash with my Monzo referral code (limited to the first 100 sign-ups)
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After that, the reward goes back to £5 per referral
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Both me and you get the same random reward (£10, £20 or £50)
Important Update – September 2025
The Monzo refer a friend offer is usually £5 free cash when you join with a referral code. However, for the first 100 people who use my referral link, Monzo is giving away a random reward of £10, £20 or £50 instead of the usual £5.
That means if you’re quick, you could get up to £50 free money just for opening your Monzo account with my invite. After the first 100 people sign up with my link, it goes back to the standard £5 bonus. And, the offer could change back at any time. So don't wait!
👉 Get your Monzo referral code reward here
The step-by-step guide and screenshots below are from when I personally completed the original £5 offer in 2022, but the process is exactly the same today, whether you’re getting £5 or up to £50. Some of my images may be outdated too, from my original signup, but the signup process is likely the same or very similar!
Monzo has a new offer with up to £50 for the next 100 people to use my referral code!
Quick instructions: Monzo referral code for free cash
The popular online banking app Monzo is giving away free cash to new users who sign up using a special Monzo refer-a-friend link.
👉 Click here to join Monzo with my referral code
Here’s how to get your free cash bonus:
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Sign up to Monzo using my referral link
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Top up your Monzo account and buy something using your Monzo debit card
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Your Monzo account will be credited with your reward – usually £5, but right now up to £50 if you’re one of the first 100!
Monzo’s New Referral Reward: Up to £50
Monzo recently launched a new variable reward scheme where both you and your friend can receive a random bonus of £10, £20 or £50.
Key things to know:
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This bonus is only available to the first 100 people who use my referral link.
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After the first 100 sign-ups, the offer reverts to £5 per referral.
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The reward is random, so you won’t know in advance whether you’ll get £10, £20 or £50 – but everyone’s guaranteed something.
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Both the referrer and referee get the same amount.
👉 Sign up here for your Monzo joining bonus
Full step-by-step instructions to get Monzo free money
Want to make sure you’re doing it right, or are new to these sorts of offers? Here are the step-by-step instructions from my own sign-up with Monzo back in 2022, using a referral link. This free money offer is one of the longest-standing and easiest ways to make extra cash for free, even in 2025!
The process is exactly the same whether you get the Monzo referral bonus of £5 or the newer £10/£20/£50 reward.
I’ll talk you through the steps to get your free cash.
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First, click my Monzo refer a friend link, which will take you to a Monzo screen that may look like one of these:
- Enter your mobile phone number.
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You’ll get a text to tell you the date you have until to make a card payment with Monzo to qualify for your £5 free cash. There's no need to enter a Monzo referral code or anything, my link will apply the offer for you, and this text will confirm.
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Download Monzo from the app store on your smartphone and open the app
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Click ‘create account’
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Enter your email and click the link in the email they send to you (mine went straight into junk, so check there if it doesn’t come through to your inbox!)
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Sign up for an account. I chose the personal account. Be sure to sign up with the same mobile phone number you entered on my refer a friend screen so you get your £5 free cash!
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You’ll need to enter a few details and verify your identity by taking a photo of your ID and uploading a short video of yourself. This is all done within the app and doesn’t take long.
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Once you’ve accepted all the terms and conditions, they will take between 5 minutes and 48 hours to verify your information. Mine took around 5 minutes, and I was notified on my phone, so I didn’t have to keep checking. Make sure you have notifications on for this; otherwise, you’ll need to check the app to see when your ID has been verified.
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Once you’ve been accepted with your ID, then you’ll need to pick your account. I picked the free account.
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Choose a PIN for your Monzo card.
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Add it to your Apple Pay wallet if you have an iPhone and plan to use the debit card regularly; otherwise, skip this part.
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Choose your overdraft limit - I didn’t want one, so hit cancel to come out of this screen.
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Monzo then gave me a month free of their Monzo Plus account! I didn’t want this, but it’s a free trial, and I won’t subscribe at the end of the trial. I just want the free account.
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Wait for your physical card to arrive, activate it in the app, add some money, and once you’ve made a purchase, the Monzo sign-up bonus of £5 free credit will be added to your Monzo card for you to spend!
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Note: If you don’t plan on using this card as your regular bank card, then make sure you just add the exact amount to purchase something you want to buy anyway! Then use the Monzo card once to make that purchase. Make sure you don’t go over as they’ll charge you for using their overdraft function.
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Then you can make more free money by referring your friends with your own Monzo referral link.
How to get more Monzo free money
Once you’ve joined Monzo with my referral link, you can invite your own friends too.
Normally, you and your friend each get £5 free cash for every successful referral. During the special promotion, it’s up to £50 for the first 100 people who use my link. After that, referrals revert to £5 each.
👉 Share my Monzo referral link if you’d like to be one of the first 100 to try for £50.
Or, it could be even higher! At the time of editing this post in September 2025, my offer is now for up to £50 per referral.
How to refer your friends to Monzo for more free money
In the Monzo app, click on ‘Payments’ at the bottom and you’ll see the option to invite your friends. Click on ‘Share your invite’ and send it to your friends and family.
So long as they click your invite link and enter their mobile phone number, then when they register using the same mobile phone number, Monzo will connect the dots and reward you both with £5 once they make their first purchase!
Things to note about the Monzo refer a friend offer
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You must be a UK resident aged 16+ who doesn’t already have a Monzo account.
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After clicking my referral link, you have 30 days to open your account, add money and make your first payment.
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Only brand new customers qualify – if you’ve had a Monzo account before, you won’t get the bonus.
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The bonus is random during the first 100 sign ups (either £10, £20 or £50). Afterwards, it reverts to £5 per referral.
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Monzo can change or end the offer at any time.
Make sure you click my referral link when signing up to Monzo to qualify for the free £5 cash bonus!
What is Monzo?
In Monzo’s own words, “Monzo is a bank that makes life easier, not harder.”. Monzo is a mobile-only bank. It’s a bank in an app. It’s easier if I let Monzo explain…
“Monzo is a bank, that lives in an app. It helps you budget better, takes the stress out of spending abroad, and even lets you earn interest on your savings. And even though it’s an app, you can get help from real humans, whenever you need it.
We’ve been a fully-fledged bank since we received our banking licence in April 2017. And like all other banks in the UK, that means we’re authorised by the Prudential Regulation Authority (PRA) and regulated by the PRA and the Financial Conduct Authority (FCA).
You can use Monzo to do the basic things you’d expect from your traditional bank, as well as much, much more.”
It's a great debit card app and the Monzo free money offer is one of my favourites!
FAQs – Monzo Referral Bonus & Joining Offer
What is the Monzo referral bonus?
It’s free money you get when you sign up with a Monzo referral link. Normally £5, but currently up to £50 for the first 100 people.
How do I get the Monzo joining bonus?
Click my Monzo referral code link, open your account, add some money and make your first payment within 30 days.
Can I invite friends too?
Yes! Once you’ve joined, you’ll have your own Monzo invite link. Share it and you’ll earn cash for each friend who signs up.
Is the Monzo referral code legit?
Yes, it’s an official Monzo promotion and you’ll see the bonus confirmation by text when you sign up.
This Monzo referral offer won’t last forever. If you want the chance to grab up to £50 instead of the usual £5, make sure you sign up quickly using my referral code.
Want more freebies and free money?
Love this Monzo free money offer? Want more free money? Check out our articles on 30+ ways to get free money and plenty of other real ways to make money from home for free.
I even share how to get free food too!
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