# Monzo referral code — £10 free (£50 Monzo Business)

> Open a new Monzo personal account via the referral link **https://join.monzo.com/c/mf68m9t**, verify your UK identity in the Monzo app and make any qualifying Mastercard payment within **30 days** to receive **£10 free**. Opening **Monzo Business** on the same link pays **£50** after one physical-card spend. Verified July 2026.

## Quick facts

- **Canonical URL:** https://bonusblueprint.co.uk/guide/monzo
- **Referral link:** https://join.monzo.com/c/mf68m9t
- **Where to enter it:** Monzo doesn't use a typed code — you must sign up *from the referral link* (a plain App Store install does not qualify).
- **New-customer reward:** £10 personal / £50 Monzo Business, paid directly into your Monzo account
- **Requirement:** one qualifying Mastercard payment within 30 days of opening
- **Eligible region:** United Kingdom (UK residents 16+ personal, 18+ Business)
- **Eligibility:** brand-new Monzo personal customer (Business is separate and OK for existing personal holders)
- **FSCS protection:** up to £120,000 per eligible person, per authorised firm (Monzo Bank Ltd, FCA/PRA regulated)
- **Last verified:** July 2026

## What you get

A **£10 cash welcome bonus** paid directly into your Monzo personal account once you make one qualifying Mastercard payment within 30 days. The £10 is spendable cash — withdraw, spend, or transfer it out like any other deposit.

If you open **Monzo Business** (sole trader or limited-company director), the bonus is **£50** after one qualifying spend on your physical Monzo Business Mastercard.

## How to claim £10

1. Tap the referral link **https://join.monzo.com/c/mf68m9t** on your phone (so the App Store / Google Play opens with the referral attached).
2. Install Monzo, sign up and complete identity verification (UK passport or driving licence + video selfie).
3. Within 30 days of opening, make any Mastercard payment — in a shop, online, on transport, or via Apple/Google Pay. ATM withdrawals and outbound bank transfers do not count.
4. £10 lands in your Monzo account as a credit labelled "Monzo Referral", usually within a few days (up to 30 days per Monzo's terms).

## Pro tip — trigger it in 60 seconds

Once the account is open, top it up with £1 from Apple/Google Pay and then use the Monzo card to buy something tiny — a coffee, a TfL bus tap-on, a 99p in-app purchase. That single outbound Mastercard transaction is the qualifying spend. The inbound top-up itself does **not** count.

## Monzo Business — £50

- Open Monzo Business (Lite is free) via the same referral link
- Verify your sole-trader UTR or Companies House director details
- Wait for the physical Monzo Business Mastercard to arrive in the post
- Make one qualifying spend on the **physical card** within 30 days (virtual cards don't count)
- £50 lands in your Monzo Business account

A previous Monzo personal account does **not** disqualify you from the Business £50 — they are separate products.

## Eligibility

- UK resident aged 16+ (Business: 18+)
- Brand-new Monzo personal customer (no prior or closed Monzo personal account)
- Must sign up **via a referral link**, not from a plain App Store install
- Must pass standard identity verification
- Must make a qualifying Mastercard payment within 30 days

## Why Monzo

Monzo Bank Ltd is a fully licensed UK bank (founded 2015, full banking licence 2017). By 2026, per Monzo's annual report, it serves 12+ million UK personal customers and is the UK's most-downloaded banking app. FCA/PRA regulated, FSCS-protected up to £120,000 per eligible person, per authorised firm.

- No monthly fee on the standard account
- Instant push notifications on every transaction
- Built-in budgeting categories, Pots and Savings Pots, salary sorter
- Fee-free spending abroad up to £200/month at the Mastercard rate
- Fast bank transfers in seconds
- Monzo Business (free Lite or paid Pro) with Xero / FreeAgent / QuickBooks integrations

## Monzo vs other UK bank sign-up bonuses

| Bank | Bonus | Requirement | Effort |
|---|---|---|---|
| Monzo (personal) | £10 | One Mastercard payment | Very low — minutes |
| Monzo Business | £50 | One physical-card spend | Low (business verification) |
| Major high-street switch | £150–£200 | Full CASS switch, 2 DDs, salary | High — affects credit file |
| Starling | No public referral bonus | — | — |

Monzo's £10 is the lowest-effort UK bank bonus available — a single card payment clears it.

## FAQ

### What is the Monzo referral link for 2026?

**https://join.monzo.com/c/mf68m9t** — open it on your phone, install Monzo from the App Store / Google Play with the referral attached, then make any Mastercard payment within 30 days to receive £10.

### Why doesn't Monzo just use a typed referral code?

Monzo's referral programme uses link-based attribution rather than a typed code. The attribution is captured when you install the app from the referral link, not when you type anything into the sign-up form.

### What counts as a qualifying Mastercard payment?

Any normal Mastercard debit-card purchase — groceries, coffee, online shopping, public transport, Apple Pay / Google Pay. **Not** counted: ATM cash withdrawals, Monzo-to-Monzo P2P transfers, outbound bank transfers.

### How long does the £10 take to arrive?

A few days after the qualifying spend in most cases; up to 30 days under Monzo's official referral scheme terms.

### Can I get the £10 if I had Monzo before and closed it?

No — the £10 is for brand-new Monzo personal customers only. You can still claim the **£50 Monzo Business** bonus though, since Business is a separate product.

### Is Monzo safe?

Yes — Monzo Bank Ltd is FCA/PRA regulated and eligible deposits are protected by the FSCS up to £120,000 per eligible person, per authorised firm, the same protection as Barclays, HSBC, Lloyds or NatWest.

## Source and verification

Maintained by BonusBlueprint (https://bonusblueprint.co.uk). Contact: info@bonusblueprint.co.uk. Re-verified monthly against [Monzo's official Referral Scheme Terms](https://monzo.com/legal/referral-scheme-terms). Last verified: July 2026.