How long does the £5 take to arrive?

Usually within 24-48 hours of making your first card payment.

Do I have to switch my main bank account?

No. This is just a sign-up bonus, not a switching bonus. You can keep your existing bank account and use Monzo as a secondary account.

What counts as a 'payment'?

Any purchase or transaction using your Monzo card — even a £1 coffee qualifies.

NewNo deposit

Monzo Referral Bonus

Join Monzo via a referral link, make your first payment, and both you and the referrer get £5. Quick and easy sign-up with one of the UK's most popular digital banks.

Quick answer

Use the referral link for the Monzo offer. New eligible customers can get £5 after meeting the requirement: One card payment. Last verified 2026-06-16.

Reward: £5
Referral code: No code required
Last verified: 2026-06-16

Difficulty: Easy
Time to claim: 5 minutes
Time to payout: 24-48 hours

Get £5 →

Ad / referral links — we may earn a bonus when you sign up.

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How to claim

Click the referral link above and download the Monzo app.
Sign up for a Monzo current account (takes about 5 minutes).
Complete identity verification and order your Monzo card.
Activate your card when it arrives (usually within 2-3 days).
Make your first payment of any amount using the card.
You'll receive £5 credited to your account within a few days.

Eligibility & requirements

New Monzo customers only (never held a Monzo account before).
Must sign up via a referral link.
Must make at least one card payment to unlock the bonus.
UK residents aged 18+.

Verification notes

Minimum spend/deposit: One card payment
Last verified: 16 June 2026

Official source Non-affiliate link

Provider terms can change without warning. Treat this as a verification snapshot and confirm the live terms before applying.

Pros

Very quick sign-up (5 minutes in-app).
Low barrier to entry — just make one payment of any amount.
Fast card delivery (2-3 days).
Award-winning mobile banking app.
Instant spending notifications and budgeting tools.

Watch out for

Lower bonus (£5) compared to full switch bonuses.
No physical branches.
Referral link required — direct sign-ups don't get the bonus.

FAQ

How long does the £5 take to arrive?: Usually within 24-48 hours of making your first card payment.
Do I have to switch my main bank account?: No. This is just a sign-up bonus, not a switching bonus. You can keep your existing bank account and use Monzo as a secondary account.
What counts as a 'payment'?: Any purchase or transaction using your Monzo card — even a £1 coffee qualifies.

ReferralDigital BankNo Switch