Published: 15th December 2025
6 minute read
Monzo: why you should join and how to claim your referral reward
TL;DR - key takeaways
Looking for a Monzo referral code? Use a referral link to join Monzo, make a card payment within 30 days, and you’ll get a mystery reward of £20, £50 or £100.
If you just need the link, you can get your Monzo referral code here.
If you’re searching for a Monzo referral code, you’re probably trying to do two things:
- Join a modern UK bank with a great app
- Get the sign-up reward you can earn by joining via a referral link
This guide explains why you should join Monzo, how the Monzo referral scheme works, and exactly how to use a referral link so your reward tracks correctly.
What is a Monzo referral code?
Most people say “Monzo referral code”, but in practice it’s usually a referral link that does the tracking for you.
When you join through a referral link and meet the eligibility steps, Monzo can recognise the referral and apply the reward.
What reward do you get for using a Monzo referral link?
According to the current offer listed on ReferralPlug, when you sign up to Monzo using the referral link and meet the requirements, you’ll get a mystery reward of £20, £50 or £100 added to your Monzo account.
To qualify:
- Sign up using the referral link
- Make a card payment within 30 days
Referral schemes can change over time, so it’s always worth double-checking the latest terms during signup (see Monzo’s pages like monzo.com and their refer-a-friend info).
Why you should join Monzo (beyond the referral reward)
The referral reward is a nice bonus, but you should join Monzo because it’s a genuinely useful day-to-day bank account. A few reasons people switch:
1) A banking app that makes money feel simple
Monzo is built around the app, so everyday tasks are fast:
- Instant spending notifications
- Clear transaction history and merchant info
- Simple card controls (like freezing your card if you misplace it)
2) Budgeting and “Pots” to organise your money
If you like keeping your money organised, Monzo’s Pots make it easy to separate savings (rent, bills, holidays) from day-to-day spending. It’s a small UX detail that can make a big difference in staying on track.
3) Fee-free spending abroad (for many everyday use cases)
Monzo is widely used for travel because it’s transparent about spending and exchange rates. If you travel even occasionally, it can be a strong reason to switch (or to add Monzo as a secondary account).
4) Security and support you can actually access
Monzo’s in-app support and security controls are a big part of the experience. And as a UK bank, eligible deposits are typically protected by the FSCS up to £85,000 (as with other UK-authorised banks).
How to use a Monzo referral code (step by step)
To make sure the referral tracks properly, follow this sequence:
- Start with a Monzo referral link (that’s the “Monzo referral code” in practice).
- Sign up using the same details throughout the flow (especially your phone number).
- Complete the Monzo account opening steps in the app.
- Once your account is open, make a card payment within 30 days.
If you complete signup without the referral link, you might miss the reward—so it’s best to begin from the referral link from the start.
Is a Monzo referral code worth using?
Yes—if you’re going to open a Monzo account anyway, using a referral link is a simple way to potentially earn a £20, £50, or £100 reward.
The important part is not to choose a bank purely for the bonus. The bonus should be the extra on top of a bank account you actually want to use.
Monzo referral code FAQs
Do I need to type in a Monzo referral code?
Usually no. In most cases, the referral link does the tracking, so there’s no separate code to enter.
How long do I have to make a card payment?
For the offer listed on ReferralPlug, you need to make a card payment within 30 days of signing up.
What is the Monzo referral reward?
The current reward listed is a mystery reward of £20, £50, or £100 when you sign up via the referral link and make a card payment within 30 days.
Can the Monzo referral reward change?
Yes. Referral schemes can change and may have eligibility requirements, limits, or updated terms. Always check the latest details during signup.
Useful links (official resources)
- Monzo homepage:
https://monzo.com/ - Monzo refer-a-friend info:
https://monzo.com/refer-a-friend/ - FSCS deposit protection:
https://www.fscs.org.uk/ - Monzo referral link:
https://join.monzo.com/c/mmnqtnw