Get a £5 cash bonus when you join Monzo. Simply open an account and make a purchase with your new card within 30 days. We’ll then pay £5 straight into your new account.
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Our SmartPiggy Verdict
This is one of our all-time favourite offers here at SmartPiggy, and for good reason. It’s the perfect introduction to the world of money-making offers because it’s so simple and the underlying product is genuinely fantastic. We love Monzo for its budgeting tools – the ‘Pots’ feature is brilliant for separating your savings, and the instant notifications mean you’re always on top of your spending. If you travel, the fee-free spending abroad is a massive perk. For a free bank account, it packs a serious punch, and getting paid £5 just to try it out is a complete no-brainer.
How To Earn Up To £50 Bonus
Get a £5 cash bonus when you join Monzo. Simply open an account and make a purchase with your new card within 30 days. We’ll then pay £5 straight into your new account.
Get a Referral Link
Obtain a unique referral link from an existing Monzo customer.
Tap the referral link and enter your mobile number. This starts a 30-day countdown to complete the offer.
Download the Monzo App
Download the official Monzo app to your smartphone.
Apply for an Account
Complete the application process for a personal or business current account within the Monzo app.
Add Money and Make a Payment
Add some money to your new Monzo account and make at least one payment using your Monzo card (no minimum amount specified).
Receive Your Bonus
Once all steps are completed within 30 days, both you and the referrer will receive a bonus. The amount you receive is based on a random selection: 94% receive £10, 5% receive £20, and 1% receive £50. If the referrer has made over 100 referrals, the bonus for both parties will be £5.
More Bank Switch Offer Offers
Up To £50 Bonus
Get a £5 cash bonus when you join Monzo. Simply open an account and make a purchase with your new card within 30 days. We’ll then pay £5 straight into your new account.
£175 Bonus
Receive a £175 cash bonus when you switch your main current account to a NatWest Select account. This offer is designed for those looking for a straightforward, fee-free bank account with the added perk of a significant cash reward.
£175 Cashback
Receive a free £175 cash bonus when you switch your main current account to a qualifying Santander account.
£185 Cashback
Switch your current account to a new Club Lloyds or Lloyds Premier account using the Current Account Switching Service and receive a cash bonus, plus access to exclusive lifestyle benefits and interest on your balance.
