Monzo promo, discount and referral codes for September 2026

Monzo
Deal

Free £10 when you refer a friend

No minimum spend but must make a payment within 30 days. T&Cs apply.
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Monzo
Deal

Get £50 when you refer a friend to Monzo Business

The friend has 30 days to download Monzo's app, apply for a business account and make a payment. You’ll both then get £50. T&Cs apply.
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How to get a free £5 with Monzo?

  1. Share your unique referral link with a friend (this link can be found in your Monzo app).
  2. Ensure your friend accepts the invite and applies for a Monzo account within 30 days.
  3. They then have 30 days to download the Monzo app, apply for a current account or business account as well as add money and pay for something using Monzo (no minimum amount).
  4. Your friend must make their first card payment within 30 days.
  5. You’ll both receive £5.

Sometimes, Monzo offers a mystery reward, where if you refer a friend then you could get up £20, £50 or £100. To see if this is available to you, look in your Monzo app.

About Monzo

Monzo is a digital-only banking app that offers a range of accounts, including personal, joint and business accounts. Alongside budgeting and money management, Monzo allows users to save money through setting up various savings pots where users can earn interest on savings. There is also a feature that allows you to automatically add up change from payments made on your debit card into one of your regular pots by rounding up your spending to the nearest pound. Monzo is fully regulated by the FCA and protected by the FSCS, meaning your money is protected up to £120,000.

Pros and cons of Monzo

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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