Do I need to deposit money to get the Monzo bonus?

No minimum deposit is required. You only need enough in the account to make one card payment of any size — even a £1 purchase qualifies.

How long does the £25 take to arrive?

Most people see the bonus within 48 hours of their first card payment settling. If it hasn't appeared after a week, contact Monzo support through the in-app chat.

Can I get the bonus if I've had a Monzo account before?

No. The referral reward is for brand-new personal account holders only, and reopening a previously closed account won't qualify.

Does using a referral link cost me anything?

Nothing at all. The account is free, the bonus is free, and using the link doesn't change any of Monzo's standard terms.

Monzo Referral Code — £25 free

Last updated 2 July 2026

ReferBonus may receive a reward if you sign up through links on this page. It never costs you anything, and in most cases you get a bonus too.

Referral voucher · Banking

£25 free

Get £25 paid into your new account when you sign up through a referral link and make one card payment within 30 days.

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Claim £25 free at Monzo

Opens Monzo's site — the reward tracks automatically via this link.

Monzo's refer-a-friend scheme is one of the longest-running in UK banking, and it remains refreshingly simple: open your first Monzo current account through a referral link, spend once on the card, and £25 lands in your feed. There's no minimum deposit, no salary requirement and no need to switch your existing bank — the qualifying payment can be a coffee. The hot-coral card comes with instant spending notifications, fee-free spending abroad on the Mastercard rate, and Pots for squirrelling money away. Because the bonus only needs a single transaction, this is consistently one of the easiest banking rewards to unlock, and the person who referred you gets the same £25, so nobody is out of pocket.

Step by step

How to redeem the Monzo referral code

1Tap the claim button below to open the referral link on your phone.
2Download the Monzo app and complete sign-up with your ID (about 10 minutes).
3Wait for your card to arrive, or add the virtual card to Apple/Google Pay straight away.
4Make any card payment within 30 days of opening the account.
5£25 is deposited into your account, usually within 48 hours of the payment settling.

The small print

Key terms

New Monzo personal current account customers only.
One qualifying card payment required within 30 days of account opening.
The referrer also receives £25 when you qualify.
UK residents aged 16+; standard identity checks apply.

Terms are a summary and can change — always confirm the current offer on Monzo's own site before signing up.

Questions

Monzo referral FAQs

Do I need to deposit money to get the Monzo bonus?: No minimum deposit is required. You only need enough in the account to make one card payment of any size — even a £1 purchase qualifies.
How long does the £25 take to arrive?: Most people see the bonus within 48 hours of their first card payment settling. If it hasn't appeared after a week, contact Monzo support through the in-app chat.
Can I get the bonus if I've had a Monzo account before?: No. The referral reward is for brand-new personal account holders only, and reopening a previously closed account won't qualify.
Does using a referral link cost me anything?: Nothing at all. The account is free, the bonus is free, and using the link doesn't change any of Monzo's standard terms.

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