Monzo vs Revolut referral code: which is worth more in 2026?
For a guaranteed, no-strings bonus, Monzo wins: a flat £10 to each side (£50 on a business account) for one card purchase within 30 days. Revolut can pay more — up to £200 — but it is a randomised, referrer-only amount on a campaign that ends 2 June 2026, so most people get far less than the headline. Open both: Monzo for the certain £10, Revolut while the £200-ceiling campaign is live.
| Monzo | Revolut | |
|---|---|---|
| Headline bonus | £10 personal · £50 business | Up to £200 (referrer, randomised) |
| Who gets paid | Both sides | Referrer (campaign-dependent) |
| Amount certainty | Flat, fixed | Randomised — most get well under £200 |
| Qualifying action | One card purchase within 30 days | New joiner orders a card + completes setup |
| Time limit | Ongoing | Campaign ends 2 June 2026 |
| Account type | Current account (FSCS-protected) | E-money / EMI wallet |
How the two bonuses actually work
Monzo runs a flat, ongoing refer-a-friend bonus: open a personal current account through an invite and both you and the referrer receive £10 once you make a single card purchase within 30 days. Open a Monzo Business account (sole trader or limited-company director) and the amount is £50 each side. There is no randomisation — the figure is fixed and the same across every valid invite.
Revolut's programme is different in two ways. First, the amount is randomised up to a campaign ceiling — currently up to £200 for the referrer — so the £200 is an upper bound, not the typical payout. Second, it is time-limited: the current high-ceiling campaign ends 2 June 2026, after which the bonus usually reverts to a much smaller retail amount. Revolut accounts are e-money wallets, not FSCS-protected current accounts.
Which should you actually open?
If you want a certain, low-effort bonus, Monzo is the stronger pick: £10 (or £50 business) is guaranteed for one small purchase, and the account is a fully FSCS-protected UK current account. If you are happy to gamble on a higher ceiling, add Revolut while the up-to-£200 campaign is live — just treat £200 as a best case, not the expected value.
There is no reason to choose only one. The two are different products (a current account vs an e-money wallet) with separate eligibility, so opening both is the value-maximising move for most UK readers — Monzo for the certain bonus, Revolut for the campaign upside before it expires.
Frequently asked questions
Is the Monzo or Revolut referral bonus bigger in 2026?
Revolut's ceiling is higher (up to £200 for the referrer) but randomised, so the typical payout is much lower and the campaign ends 2 June 2026. Monzo's £10 (£50 business) is smaller but flat, guaranteed and ongoing. For a reliable bonus, Monzo wins; for upside, Revolut while its campaign is live.
Can I claim both the Monzo and Revolut referral?
Yes. They are separate companies and separate products (a Monzo current account and a Revolut e-money wallet), each with its own new-customer eligibility. Opening both is the value-maximising approach for most UK users.
Do I get paid as the new customer on both?
On Monzo, both sides receive the bonus. On Revolut, the advertised up-to-£200 is the referrer's reward and is campaign-dependent — the new joiner's reward varies by the live campaign, so check the Revolut page for the current new-customer terms.
Verified against each brand's own terms · 30 May 2026