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More Banking BonusesMore from Monzo
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You can earn

£10–£50

Cash

Monzo is offering a switch bonus of up to £50 for new customers who switch their current account. The exact amount varies by user.

Complete in
10 mins
Payout
Within 35 days
Difficulty
Easy Peasy
Availability
Live

The short answer

What you do
Open a Monzo current account
When you get paid
Within 35 days
Main catch
Deposit or spend neededBonus amount varies by user and is targeted. Not everyone gets the full £50.

Eligibility, full steps and terms are further down this page.

What you actually get: cash

Paid straight to you as money.

How to redeem
Lands in the bank account you sign up with - nothing to redeem.
Validity
No expiry once paid.
Can you cash it out?
Yes — it is real money
How we review offersReward, effort and catches are summarised from the provider's own termsHow we test

Get paid in 4 steps

Follow these in order. Skipping a step is the #1 reason rewards don't track.

Step 1: Open a Monzo current account

Step 1 of 4 — the sooner you complete it, the faster your reward tracks.

Step 2: Switch via CASS

Step 2 of 4 — the sooner you complete it, the faster your reward tracks.

Step 3: Deposit £500 within 35 days

Move the qualifying amount from your existing bank via faster payments. It arrives instantly and counts toward the bonus.

Step 4: Bonus paid within 35 days

You'll need a photo ID (passport or driving licence) and a selfie. Usually approved in under 5 minutes.

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Monzo — Digital banking with switch bonus

Bonus amount varies by user and is targeted. Not everyone gets the full £50.

Am I eligible?

We haven't recorded eligibility criteria for this offer yet. Check the provider's own terms before you start.

Insider tips

  • Complete the whole flow in one sitting — leaving it half-done is the top reason £10–£50 bonuses fail to track.
  • Take screenshots of each step in case you need to raise a support ticket later.
  • Add a calendar reminder for the qualifying deadline so you don't miss it.

Reward type

Within 35 days

Time to complete

10 mins

Withdraw via

Bank transfer

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About the provider

Monzo

Digital banking with switch bonus

Popular digital bank with switch bonuses and savings pots.

Safety

FSCS protected up to £85,000.

Fees

No monthly fee.

Devices

iOS · Android

Category

Bank

What we like

  • Great app
  • Savings pots
  • Up to £50 switch bonus

Watch out for

  • Bonus varies by user
Full Monzo review
Community codes

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FAQs

How long until I actually get the money?+

Payout timing isn't confirmed for this offer yet — check the provider's own terms before you start. Open a Monzo current account, switch via CASS, deposit £500 within 35 days.

Is this safe? Will it hurt my credit score?+

FSCS protected up to £85,000. This offer doesn't involve a credit check.

What are the fees?+

No monthly fee.

Can I close the account after I get the bonus?+

Yes — once the reward has cleared and any minimum holding period has passed, you're free to close the account. We recommend waiting at least 30 days after the bonus lands to be safe.

What if the reward doesn't track?+

Contact Monzo support first with your sign-up date and screenshots. If you're still stuck, ping the SmartPiggy team and we'll help chase it up.

The small print

SmartPiggy may earn a commission when you claim this offer — it costs you nothing and helps keep our reviews free (affiliate disclosure). Rewards, timings and eligibility are set by Monzo. Always read the provider's full T&Cs before you sign up. When it comes to money, your capital may be at risk. See our editorial policy for how we score and re-check offers.

We have not recorded a hand-check for this listing yet, so please confirm the current terms with Monzo before signing up.

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You get

£10–£50