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Monese Referral Bonus – £10/ €10 Invite Code

Gustavo Gomes| Updated: June 28, 2022

Monese is a digital bank founded in the UK in 2015. With more than 2 million users, the digital app provides bank accounts in sterling pounds, euros, Romanian leu, and works across 31 countries in Europe. If you live in the EEA or the UK you can easily open an account without a credit history or bureaucracy.

To attract new customers, Monese offers £10 or €10 upon deposit if they sign up for the service with the Monese invite code IITW before the 31st of December of 2022.

In this article, we will explain the terms and conditions of this Monese promo code. If you want to open a bank account easily and enjoy the bonus, check out our guide below for more information!

Monese bonus program terms

🏆 Monese Invite Code IITW
💰 Bonus £10/ €10/ 30 Lei
🌐 Available in The UK and the EEA.
🤝🏿 Conditions The customer needs to make a card transaction. Transactions with the virtual card will only count if the physical card has been ordered and activated.
📄 T&Cs https://monese.com/gb/en/promotions/iitw

How does the referral program work?

This type of referral program exists to incentivize existing clients and attract new customers. It is a famous marketing strategy that can reward new customers upon signing up and existing customers for inviting the new clients. The reward can be used for sterling pounds, euro and RON accounts.

Getting the bonus is very simple, you must take the following steps:

  • Step 1: The first thing you need to do is download the app.
  • Step 2: After doing so, you should open the app, and on the first page, you will press the option “Get started” to open a new account.
  • Step 3: Now, all you will have to do is write down the invite code IITW, as you can see in the image below.

Monese invite code – Signup dashboard

  • Step 4: After you set up the account, you must order and activate a physical card.
  • Step 5: Finally, you have to make a transaction using the Monese card, according to the terms and conditions below. After performing this transaction, the bonus will be deposited into your account, which may take a few hours.

The referral code does not work for existing customers. But these customers and also those who create the account using this program can share their own code to other users. If they do so, they will get the same rewards of £10/ €10/ 30 Lei, and also a second stage reward, after the invited customer spends a minimum amount using Monese. Each customer can invite a maximum of 15 users to earn the bonus. Afterwards, no bonuses will be awarded for the invitations.

Monese Terms & Conditions in a nutshell

The general terms and conditions for using the promo code are straightforward. We have summed them up for you, as you can see below:

  • To be eligible to participate in the program, you must be at least 18 years old and reside in one of the countries where Monese operates (within EEA or in the UK).
  • You must not be a customer of the bank already. The offer is not available to existing customers.
  • You must sign up before the 31st of December 2022 using the invite code IITW.
  • The bonus from the referral will be deposited into your account when you perform your first Monese card transaction. This transaction needs to use the physical card, which must be ordered and activated. Alternatively, you can use the virtual card to perform the transaction and be eligible for the bonus, but you will need to order and activate the physical card before doing so.
  • There is no minimum value for the card transaction. But it cannot be used for financial purposes like paying off your credit card, using PayPal, ATM, or other similar services.
  • Each customer can only use one referral code, which cannot be used with other promotional codes, such as the one from the Invite&Earn program.

Bottom line

Institutions like Monese make the lives of customers easier, by allowing them to easily access banking services that used to be more restricted, as simple operations like opening an account used to be more burdensome for customers.

The referral program is very simple: by using the code IITW, you will get £10/ €10/ 30 Lei upon first using the card. As simple as that, without bureaucracy, you can open a bank account and enjoy the bonus.

We hope that this article answered all of your questions! If you still have any doubts, please leave a comment below!

Other FAQs

Where is Monese available?

Monese is available in the UK and also in 31 countries within the EEA.

Is my money safe with Monese?

Monese is a reliable Fintech authorized and regulated by the FCA in the UK and by the National Bank of Belgium within the EEA. As an e-money institution, Monese complies with Regulation that obliges it to safeguard the customer’s money with authorized banks. Therefore, your money will always be available on-demand and with the same level of protection that traditional banks have.

Which currencies can I use in Monese?

You can open accounts in Euros, Sterling Pounds, and Romanian Leu.

Why do companies give referral bonuses?

Companies use referral programs as a marketing strategy to attract new customers and incentivize existing ones.

Gustavo Gomes
Contributor

Gustavo has professional experience in banking law, commercial law, consumer's law and financial instruments law and is currently pursuing a Master's Degree in Law and Financial Markets

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