Bank referral bonuses in the UK: every sign-up and switching bonus, compared

Every bank bonus in one table

Our bank referral bonus table puts every offer in one place, so you can compare at a glance. Here is how to read it: a referral bonus is paid for joining through an invite from a friend, while a switching offer is paid for moving your current account with the Current Account Switch Service (CASS). Each row shows what the offer asks you to do, so you know exactly what to expect.

Every figure was read on each bank's own page on 30 October 2026. Offers can end, so the table only includes those live on each bank's page. Check the page before you apply, then choose the offer that suits you.

Bank refer a friend UK: how Monzo and Revolut pay

Want a simple bank refer a friend UK win? Monzo Personal pays £10 to you and £10 to the friend who invited you. Monzo Business, for sole traders and UK limited company directors, pays a flat £50 each side. Just add money and pay for something with your Monzo card within 30 days. The reward is usually paid within minutes of that first qualifying card payment clearing. Start with the Monzo referral code and get started.

Revolut's October 2026 campaign works differently. The cash reward goes to the friend who invited you, not to you, once the four campaign steps are done: pass the ID check, top up from another bank account or card, order a physical card, and make the card purchases the campaign asks for. Any welcome offer Revolut shows you in the app is yours to keep. Get started with the Revolut referral, then read Monzo vs Revolut referral and the Revolut referral explained to see the details.

Best bank switching offers

Want the best bank switching offers? The Current Account Switch Service (CASS) moves everything from your old account in 7 working days, as NatWest says. Offers may ask for a full switch, Direct Debits or a pay-in.

Nationwide pays £175 for a full switch to a new or existing FlexDirect, FlexAccount or FlexPlus, completed within 28 days with at least 2 Direct Debits. See Nationwide's £175 switch offer. NatWest pays £200 when you switch a current account held elsewhere to a Select or Reward account: see NatWest's £200 switch offer.

first direct pays £210 for accounts opened 14 September to 2 December 2026. Within 45 days of opening, switch with CASS and deposit £1,000. New customers only: see first direct's £210 switch offer. Barclays offers up to £300 on the Barclays Bank Account: £150 for switching and paying in a salary of at least £2,000 within 30 days, then £150 after five months. See Barclays' switch offer. HSBC pays £220 on the HSBC Bank Account for a full switch with 2 Direct Debits, a £2,000 pay-in and £500 debit card spending within 60 days. New customers only: see HSBC's £220 switch offer. Figures checked 30 October 2026.

To claim it, use the Monzo code fzwdlcvv or join through honestcodes.co.uk/go/monzo (£10 personal · £50 business).

To claim it, use the Revolut code behzad6664!OCT1-26-VR-GB or join through honestcodes.co.uk/go/revolut (Free account and travel card).

Can you stack a bank referral bonus with a switching offer?

A bank referral bonus and a switching offer are different kinds of deal. A referral bonus is paid for joining through an invite, while a switching offer is paid for moving your current account with the Current Account Switch Service (CASS). Each bank sets its own rules for who counts as new. Nationwide asks whether this is the first time you have had one of its switch offers. For first direct, Barclays and HSBC, only new customers qualify. Monzo asks that you have never held a Monzo account.

Every switching offer needs a full switch of a current account, so read the conditions before you start. Each bank sets its own steps, deadlines and payment requirements, so check the exact terms on the bank's page first. Whether both offers apply depends on each bank's rules, so knowing them early keeps things simple.

How to choose the right bank referral bonus

Compare three things before you pick a bank referral bonus. First, what you must pay in or spend. Nationwide asks you to pay in £1,000 within 31 days, while HSBC asks for £2,000 paid in and £500 spent on your debit card. Second, how long you have. Nationwide gives you 28 days to complete a full switch, first direct gives you 45 days from opening, and HSBC gives you 60 days. Third, how fast you are paid. Nationwide pays within 10 days, first direct pays by the 20th of the following month, and Barclays pays £150 once you switch and pay in a salary, then £150 more after five months.

A referral bonus is paid for joining through an invite, while a switching offer is paid for moving your current account. Browse our Banking referral codes page, or read the best student bank accounts guide if you are a student.