Monzo Sign-Up Bonus: Get £20 New User Bonus And £5 Referral Bonus

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What if you could earn more interest on your savings and manage all your money from a single app? Well, the Monzo app makes it easy. Monzo is a UK-based mobile banking app that offers more than 5% interest on savings, and new users can get a £20 Monzo sign-up bonus.

The Monzo app is offering a $20 sign-up bonus to new users who open an account using this Monzo referral code (AR79SNLA). To get the Monzo sign-up bonus, users need to deposit funds within 30 days of joining.

Similar to the Monzo mobile bank, you can get a $1 Step bank sign-up bonus and an extra $20 Spruce bank bonus. If you wish to join, make sure to take a look at them.

$10 sign up bonus apps

Let’s take a look at Monzo bank promotions and see how you can claim the Monzo app sign-up bonus.

What is the Monzo App?

Monzo is a mobile banking app that helps you save money, track spending, and manage all your money from a single place. With Monzo, you can earn up to 5.17% interest on your savings and get your paycheck two days early with a Monzo account.

Monzo mobile banking

Monzo offers a savings account, loans, and a Monzo card. All these features are completely free on the Monzo app, and you can get a loan at 0% interest using Monzo Flex. Your money on Monzo is FDIC insured up to $250,000.

Monzo Sign-Up Bonus: Get £20 New Account Bonus

Get a $20 Monzo sign-up bonus when you sign up using the Monzo app referral code (AR79SNLA) and deposit a minimum of $100 within 30 days of joining. The bonus will be added once you set up your account and make the first card payment.

Check out bank with immediate sign up bonus to get instant cash upon joining. Banks like Cheese mobile and SoFi bonus are waiting for you.

How To Claim Monzo Sign-Up Bonus?

To get the Monzo app bonus, follow the below step-by-step process:

  1. Visit this link to download the Monzo app.
  2. Create an account using your details like name and email.
  3. Enter the Monzo referral code during registration.
  4. Deposit the funds and make a card payment.
  5. After 30 days, the bonus will be added to your account.

Make sure to apply for the account within 30 days of clicking the Monzo referral link and complete the whole process.

Monzo Referral Bonus: Get £5, Give £5

The Monzo referral program offers a £5 referral bonus for each new user you invite to join. To earn the Monzo referral bonus, use your unique referral code and share it with friends and on social media, too. The referred user will also get a £5 Monzo sign-up bonus upon joining.

Monzo referral bonus

Steps To Earn Monzo Referral Bonus

To earn the Monzo app referral bonus, you and your referral must complete some requirements:

  1. Open the Monzo app and log in to your account.
  2. Go to My Account and click on the Gift icon.
  3. Copy your unique Monzo referral code or link.
  4. Share your code with friends and family members.
  5. Ask them to join and complete the sign-up process.

Your referral must:

  • Receive a qualifying deposit of $100 or more within 30 days.
  • Sign up with your code and complete a purchase with the Monzo Mastercard.

Monzo App Features

Monzo features are designed to help users save their money and track their spending. Here are some of the Monzo app features that you should know:

Monzo Bank Features
  • No Fees – Monzo does not have any overdraft or account fees.
  • Track Spending – With advanced tools, you can track your spending and set budgets to save and invest wisely.
  • Manage Money – Monzo helps you manage all your money from just a single app and for free.
  • Saving Pots – Earn interest on your money with Savings Pots.

Is Monzo App Legit?

Yes! The Monzo app is absolutely legit and an FDIC insured bank. It has over 8 million users who are using Monzo without any issues. Users get up to $250,000 FDIC insured with the Monzo app, and it has more than a 4.7-star rating on the Apple app store.


Monzo is a mobile bank that offers lots of benefits to users and account holders. Account holders on Monzo earn more than a 5% interest on their savings and get access to lots of features like saving pots, budgeting tools, and more. New users who sign up will get a $20 Monzo sign-up bonus and a $20 referral bonus to invite others.

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Aryan Mishra
Aryan Mishra is an accomplished writer and contributor to, specializing in topics related to personal finance, money-saving strategies, and online shopping. Aryan holds a Bachelor's degree in Economics from the University of Allahabad, where he developed a keen understanding of economic principles and consumer behavior.