Monese Referral Code 2026: £10 + £10, Up to £150
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Monese
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About this offer
Monese is a British neobank founded in 2015, built around 5-minute account opening with no income or fixed-address requirements — aimed at expats, mobile workers and newcomers to Europe. Multi-currency accounts in EUR, GBP and RON. Its Invite and Earn programme pays £10 per friend, up to £150, but only in the UK, Germany, Lithuania, Belgium and Italy. Monese was acquired by Pockit in late 2024 and posted a £15.9M loss in 2024. Checked 17 July 2026.
Click the promo link to access the £10 + £10 on Monese. This offer is verified and regularly updated.
Monese Invite & Earn: £10 per friend, and where it works
Monese's referral programme is real, still running and reasonably generous — up to £150. But it is geographically restricted, which almost no coupon site mentions.
| Item | Detail |
|---|---|
| Stage 1 | £5 each once your friend orders their physical card and makes their first card transaction |
| Stage 2 | £5 each once your friend has spent £500 on card transactions or sent that much internationally (outside the EU/EEA) |
| Total per friend | £10 for you + £10 for your friend |
| Cap | The reward applies to your first 15 friends, so £150 maximum |
| Eligible countries | UK, Germany, Lithuania, Belgium, Italy |
| Validity | Your friend has 1 year to complete both stages |
| Where to find your code | The "Invite" tab in the app |
| Duration | Advertised "for a limited time", with no end date |
The official programme page states it plainly: "Our Invite and earn program is available to anyone living in the United Kingdom, Germany, Lithuania, Belgium and Italy."
Two things to note. The reward is paid in pounds sterling, not euros — a tell that this is a UK-first programme. And stage 2 requires £500 of real spending: this is a usage reward unlocked in two steps, not an instant welcome bonus.
France is not on the list. A friend resident in France triggers no payout, for either side.
Is Monese still around? The Pockit acquisition
Yes. Checked on 17 July 2026: monese.com is live, sign-ups are open, the app is on the stores, and the French terms in force are dated 9 October 2025.
The recent timeline:
- May 2024: Monese spins off XYB, its B2B technology arm. Headcount drops from 373 to 137.
- 10 October 2024: Pockit, a UK fintech focused on financial inclusion, announces it is buying Monese's consumer business (around £15M backed by Puma Growth Partners), subject to regulatory approval.
- Late 2024: the deal completes. HSBC, an earlier investor, had already written its stake down to zero.
- Since then: both brands keep running separately. No merger of the apps has been announced.
One structural point: Pockit does not operate in the EEA — it lost its European authorisation at Brexit in January 2021 and serves UK residents only. So a migration of Monese's European customers to Pockit would not currently be legally possible.
Monese's financial health: what the accounts say
This is the part no coupon site will tell you, and it matters more than a £5 reward.
Monese's 2024 accounts, filed eight months late and reported in the British press in June 2026, show:
- A £15.9M loss, widening.
- Revenue down: £12.2M against £14.9M the year before.
- A going-concern qualification from the auditors, addressed by a letter of financial support from Pockit.
- On Pockit's side, a £13.4M raise in May 2026, after its own losses quadrupled (£10.3M in 2024).
What this means for you. Monese is an electronic money institution, not a bank: client funds are safeguarded but carry no deposit guarantee — neither the UK's FSCS nor an EU equivalent. If the firm failed, safeguarding should protect the money in principle, but recovering it could take a long time.
Our position: Monese is fine as a secondary account. Do not park savings there.
What Monese does well: opening with no conditions
Monese's appeal was never the bonus — it is accessibility.
The company was founded in 2015 in London by Norris Koppel, an Estonian entrepreneur who could not open a UK bank account himself for lack of a local credit history. Hence the pitch: an account for the people the traditional system turns away.
In practice, opening takes 5 minutes with a selfie and an ID document. No local proof of address, no payslip, no income requirement, and a multilingual app (8 languages).
The account includes a Mastercard debit card, SEPA and SWIFT transfers to 30+ countries, contactless payments, Apple Pay and Google Pay, and multi-currency sub-accounts in EUR, GBP and RON.
That profile speaks to expats, mobile workers and newcomers to Europe — people who need a working account today, not the best rate.
Monese pricing and its limits
Monese offers three plans: Simple (free, basic features and transaction limits), Classic and Premium (paid monthly, higher limits and lower fees on international transactions).
The free account has a real catch: fees stack up on everyday use — withdrawals, currency conversion above a threshold, international transfers. It is the classic "free to join, paid to use" model.
Two comparisons worth making:
- For regular international transfers, Wise uses the real interbank rate with an upfront fee — far more readable than Monese's conversion.
- For transfers to Africa or Asia, Remitly and Taptap Send are specialists and often cheaper.
As an electronic money institution, Monese offers no overdraft, no credit and no interest-bearing savings.
Monese vs Revolut vs N26 vs Wise for expats
| Criterion | Monese | Revolut | N26 | Wise |
|---|---|---|---|---|
| Opening without income proof | ✅ 5 min, selfie + ID | ✅ | ✅ | ✅ |
| Deposit guarantee | ❌ None (e-money) | Depends on entity | ✅ Up to €100,000 | ❌ |
| Currencies | EUR, GBP, RON | 25+ | EUR | 40+ |
| Referral reward | ✅ £10 + £10 (5 countries) | ✅ | ✅ | ✅ |
| Overdraft / credit | ❌ | Country-dependent | ✅ | ❌ |
| Financial health | ⚠️ £15.9M loss (2024) | Profitable | Profitable | Profitable |
Our read. Monese keeps one genuine edge: it is among the simplest account openings on the market, with no conditions at all, in an app translated into 8 languages. For a newcomer to Europe who needs a working account within the hour, that still holds up.
But Revolut is richer in features, N26 comes with a real deposit guarantee, and Wise is far better for moving money across currencies. Monese is the fallback when the others say no.
Our verdict on Monese in 2026
Monese works, but its pitch has narrowed.
Strengths: 5-minute opening with no income or address conditions, 8-language app, EUR/GBP/RON sub-accounts, transfers to 30+ countries, and a genuine £10-per-friend referral programme (up to £150) if you are in the UK, Germany, Lithuania, Belgium or Italy.
Weaknesses: no deposit guarantee, no overdraft or credit, fees that climb outside the free plan, a strained financial position (£15.9M loss in 2024, going-concern qualification), and a referral programme closed to most of Europe, including France.
Who is it for? A secondary account for someone newly arrived in Europe whom traditional banks keep waiting. Who is it not for? Anyone wanting a primary account, a large welcome bonus, or somewhere to hold savings.
What to watch: the Pockit-Monese trajectory through late 2026. The May 2026 raise buys a short runway, and bringing the two apps together remains a plausible scenario — though it is announced nowhere today. We will re-check this page accordingly.
Frequently asked questions
How much is the Monese referral bonus?
£10 per friend for you, and £10 for your friend, unlocked in two £5 stages: the first when your friend orders their physical card and makes their first card transaction, the second once they have spent £500 on card transactions or sent that much internationally outside the EU/EEA. The reward applies to your first 15 friends, so £150 maximum, paid in pounds sterling.
Which countries can use the Monese referral programme?
The official programme page states it is "available to anyone living in the United Kingdom, Germany, Lithuania, Belgium and Italy" (checked 17 July 2026). France and most other EU countries are excluded — a friend resident there triggers no payout for either side. Very few coupon sites mention this restriction.
Where do I find my Monese invite code?
In the "Invite" tab of the Monese app. Your code stays valid for one year after your friend opens their account, and you can share it with as many people as you like up to the 15-friend cap.
Has Monese shut down?
No. Checked on 17 July 2026: the site is live and sign-ups are open. Pockit, a UK fintech, bought Monese's consumer business in late 2024 (announced 10 October 2024), but both brands still run separately and no closure has been announced. Pockit itself cannot serve EEA residents, having lost its European authorisation at Brexit.
Is my money protected with Monese?
No deposit guarantee applies. Monese is an FCA-authorised electronic money institution, not a bank: client funds are safeguarded in segregated accounts, but there is no FSCS or EU deposit protection. Combined with its 2024 loss of £15.9M and a going-concern qualification, that argues against holding savings there.
Is Monese accessible without income proof?
Yes — that is its core strength. Opening takes 5 minutes with just a selfie and an ID document. No income proof, no payslip, no local address required, and the app is available in 8 languages.
Which currencies does Monese support?
EUR, GBP and RON (Romanian leu), each in its own sub-account, with transfers to 30+ countries in EUR and GBP. If you need more currencies or better rates, Wise covers 40+ at the interbank rate.
Monese or Revolut for an expat?
Monese is easier to open with no conditions at all and is multilingual; Revolut has far more features and a stronger balance sheet. For someone who just needs a working account fast and has been refused elsewhere, Monese still makes sense. For everything else, Revolut or N26 is the better long-term account.