Monzo vs Revolut referral: which is worth more in 2026?
Monzo wins for almost everyone: a fixed £10 each side (£50 on business), paid in minutes after one card purchase, with no campaign clock. Revolut's £70 is bigger but one-sided, time-limited and needs a four-step claim — so it pays the referrer, not you. Open both to maximise value.
Key takeaways
- Monzo pays £10 each side (£50 business), fixed and ongoing, after one card purchase within 30 days.
- Revolut pays the referrer a flat £70, but only in a campaign window and after a demanding four-step claim — the new joiner gets a variable in-app offer.
- Monzo scores far higher with us on two-sided value, ease and dependability; Revolut's edge is a bigger single payout for the referrer.
- They are different products with separate eligibility, so opening both is the value-maximising move.
Both Monzo and Revolut are fixtures of UK fintech, but as referrals they could hardly be more different — and the difference decides which is worth more to you rather than to the person sharing the link.
The headline numbers
Monzo pays a flat £10 to each side on a personal account, rising to £50 each side on a business account, once the new customer makes a single card purchase within 30 days. It is fixed, ongoing and two-sided.
Revolut pays a flat £70 — to the referrer only — once a new joiner completes four steps (ID, funding, three £5+ purchases and activating a physical card). As the new joiner you receive whatever variable welcome offer Revolut is running, not £70, and the campaign runs to a deadline.
Who actually gets paid
This is the crux. Monzo's bonus lands for both parties, so whether you are inviting or being invited, you get £10 (or £50). Revolut's £70 goes to the referrer; the new customer's reward is separate and variable. If you are clicking a friend's Revolut link hoping for £70, you will be disappointed — which is why we never headline the £70 as a joining bonus.
Effort and certainty
Monzo asks for one purchase, and the money arrives in minutes. Revolut asks for four steps spread over days, including ordering a physical card (a £4.99 delivery cost on the Standard plan). On a strict effort-versus-reward basis, Monzo is the easier, more certain win.
Protection
Both run on FCA-authorised, PRA-regulated entities with FSCS protection up to £85,000 on eligible deposits. The nuance with Revolut is that much of what people hold in the app is e-money rather than a bank deposit, and crypto or investments are never FSCS-protected.
The verdict
For a dependable, two-sided cash bonus, Monzo wins — it tops our entire leaderboard. Revolut is worth it if you are the referrer chasing the biggest single payout and can complete the steps before the window closes. Because they are separate products with separate eligibility, the smart play is simply to open both as a new customer.
Last checked 21 June 2026. Figures verified against each brand's own terms. How we rank.