Overview
Monzo Business Lite and Pro accounts are aimed at sole traders and limited companies. When active, the refer-a-business scheme pays cash to both accounts after the new business completes verification and meets a small qualifying-spend or funding threshold. Check the current terms inside the Monzo Business app.
Step-by-step guide
- 1Open the Monzo Business sign-up page using a referral link so both sides qualify for the reward
- 2Complete registration and any ID or bank verification Monzo Business asks for
- 3Meet the qualifying activity: as set out in the provider's live terms
- 4Wait for the reward to be credited — always screenshot the terms on the day you join
What you'll need
- •A UK bank account or debit card for payouts
- •Valid photo ID and proof of address for KYC
- •An active email and UK mobile number
Eligibility
- ✓UK resident aged 18+
- ✓New customer to the provider (unless the offer says otherwise)
- ✓Passes standard identity and eligibility checks
Tips to maximise this offer
- ★Screenshot the Monzo Business offer T&Cs on the day you sign up
- ★Use a referral link rather than a plain sign-up page so both sides qualify
- ★Set a reminder for the expected payout date and chase if it's late
FAQ
Is the Monzo Business offer available in the UK?+
Yes — Monzo Business operates in the UK and its refer-a-friend or welcome offer is open to eligible UK residents. Always confirm the current live terms on Monzo Business's own website before joining.
How do I know the offer is legitimate?+
We only list companies that are registered UK businesses (or that operate legally in the UK) with a public refer-a-friend, cashback or welcome scheme. We manually re-check the offer terms — see the ‘Last checked’ date on this page.
Will I get taxed on the reward?+
Most sign-up bonuses and referral rewards below the £1,000 trading allowance don't trigger tax, but income from side hustles and passive earnings above that threshold must be declared via HMRC self-assessment.
Can I stack this with cashback sites?+
Sometimes. Some brands exclude referral customers from cashback and vice-versa. Read the terms of the cashback site (e.g. TopCashback / Quidco) and the provider before claiming both.
We may earn a small commission if you use our link — this never affects the offer you receive. See our affiliate disclosure.