Monese promo, discount and referral codes for January 2026

Monese
Deal

Free £5 for both you and your friend

Once the referee makes a spending transaction, you'll both receive £5. You'll earn another £5 once they've spent £500 with their Monese card or sent £500 internationally. T&Cs apply.
Get deal

How to get a free £10 with Monese?

  1. Invite your friends from the invite tab in your Monese app.
  2. Once your friend signs up using your invite code, your friend must make a spending transaction.
  3. As soon as your friend’s transaction is cleared, you’ll both receive £5.
  4. You’ll earn more when they spend more.
  5. You’ll get £5 once they’ve spent £500 with their Monese card or sent that much internationally.

The Invite and Earn program is only available to anyone living in the United Kingdom, Germany, Lithuania, Belgium and Italy. There’s no limit to how many friends you can invite but the reward will only kick in for up to 15 friends.

About Monese

Monese is a digital banking app and card great for travellers, allowing fee-free card payments and ATM withdrawals abroad. Users can set up a Monese account within minutes – there’s no credit check and no minimum deposit. All accounts offer access to interest-paying savings accounts through online savings platform Raisin. There is also a credit builder too available to all Monese account holders. Monese is also fully regulated by the FCA. However, Monese is not a bank and is rather an e-money institution, meaning your money is not protected by the FSCS.

Pros and cons of Monese

Pros

  • Spend abroad with no fees at the Mastercard exchange rate.
  • FCA regulated.
  • FSCS protected.
  • No card delivery fee.
  • Free current account available.

Cons

  • No branches.
  • No interest on your current account balance.
  • No switch incentives if you switch your account.
  • 3% charge for overseas ATM withdrawals over £200.
  • Cash deposits can incur a fee depending on your Monzo plan.

Alternative offers

We also have other similar cash sign-up bonus deals, refer-a-friend offers, and more. We also keep a regularly updated bank switch offers guide if you’re looking to switch banks as part of our free money guide offers.

The offers compared on this page are chosen from a range of products we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations), aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use. When making a big financial decision, it's wise to consider getting independent financial advice, and always consider your own financial circumstances when comparing products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
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