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All offers › MonzoUpdated 5 April 2026

Monzo referral code — get £5 free (2026)

Payout£5
Speed24–48 hrs
Credit checkNone
Min. spendAny amount
Our verdict⭐ Easiest first step
Claim your £5 Monzo bonus
Use our referral link — going direct to Monzo won't trigger the bonus.
Open Monzo — get £5 →
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What is Monzo?

Monzo is one of the UK's most popular digital banks, with over 9 million customers. It offers a free current account with a coral debit card, instant spending notifications, budgeting tools, and no fees abroad. For this offer, you don't need to switch your main bank — you can use Monzo as a secondary account.

How to claim the £5 Monzo bonus — step by step

  1. 1
    Click the referral link above

    You must use a referral link to qualify. If you go directly to the Monzo app or website, no bonus will be attached to your account.

  2. 2
    Download the Monzo app

    Available on iOS and Android. Enter your email address and phone number to start your application.

  3. 3
    Verify your identity

    Monzo will ask you to photograph a valid UK ID and record a short video. No credit check is performed at this stage.

  4. 4
    Make any purchase

    Once your card arrives (usually next working day), make any card payment. Even a 1p top-up to another account qualifies. This triggers the bonus.

  5. 5
    £5 lands in your account

    The bonus is typically credited within 24–48 hours of your first transaction. You can transfer it to any UK bank account immediately.

Stack this with Zopa

Both Monzo and Zopa are no-credit-check bank accounts. You can open both in the same week and earn £15 total (£10 Zopa + £5 Monzo) with about 15 minutes of effort. See our Zopa guide to do both.

Do I need to switch my bank account?

No. Monzo works perfectly as a secondary account. You don't need to move your salary, direct debits, or anything else. Simply open the account, make one small payment, and collect your £5.

Will this affect my credit score?

No. Opening a Monzo current account does not involve a credit check of any kind. It will not appear on your credit file.

Frequently asked questions

Can I open Monzo if I already have a Monzo account?
No — the bonus is for new Monzo customers only. If you already have an account, this offer won't apply.
How quickly does the physical card arrive?
Usually the next working day if you order before 4pm. You can also use your virtual card in Apple Pay or Google Pay immediately, which counts as a purchase.
Can I close the account after getting the bonus?
Yes. The £5 is yours to keep regardless. Many people keep Monzo for its fee-free foreign spending and budgeting features.
Is Monzo safe?
Yes. Monzo Bank Limited is authorised by the PRA and regulated by the FCA. Deposits are FSCS protected up to £85,000.