Chase UK vs Monzo Referral Offers
Both are app-based current-account offers with no full bank switch required. Chase has the larger headline reward, while Monzo is usually simpler to trigger.
Quick verdict
Pick Chase if you can comfortably pay in £1,000 within 30 days and want the higher reward. Pick Monzo if you want the lowest-friction sign-up and only need to make a card payment.
Provider
Chase UK
Chase pays you £50 when you activate a single-use referral code in the app and pay in £1,000 in total within 30 days of opening your first account. Chase only lets customers send codes to people they know, so request a private invite from this page rather than relying on a public code. Move the £50 out of Rewards before you ever leave Chase.
Requirement: Activate a personal single-use code and pay in £1,000 in total within 30 days of opening your first Chase account
MediumApproval and invitation availability varyPayout Added to your rewards balance straight away once you reach £1,000 (Chase emails you); redeem it before leaving Chase
Verified 11 October 2026
Provider
Monzo
Monzo's referral terms give a new UK customer 30 days from entering their mobile number on the invite page to open an account, add money and make one card payment. Your reward is random: £10 for 94 people in 100, £20 or £50 for the rest, and only £5 in some cases. Open it for the account, not the bonus.
Requirement: Add money (any amount) and make one eligible Monzo card payment within 30 days
Easy10 minutesPayout No timeframe in the terms: Monzo shows the reward in the app once the referral is complete
Verified 11 October 2026
Related reviews
Chase UK
Chase UK Review: Worth Opening for the £50 Referral and 2% Cashback?
Chase makes a strong second account and a weaker main one. The referral is simple: £50 for paying in £1,000 from another bank within 30 days, and the money doesn't have to stay once the £50 arrives. Leave that £1,000 in the boosted Saver, though, and it earns about £45 of interest in a year while meeting the savings half of the cashback rules, which takes our illustration to about £155 in year one. The catches are real: no overdraft, joint accounts, cash deposits or international payments, a cashback rule you can fail with one bad day, and frozen accounts come up again and again in user reviews.
Monzo
Monzo Review UK: Is the Free Account Worth It, and Do the £3 to £19 Plans Pay?
The free account is worth having: no monthly fee, no Monzo fee on card payments abroad, and Pots that make it easy to keep bills and savings apart. The referral is a small extra rather than a reason to open: £10 for 94 people in 100, £10.90 on average. The paid plans are a harder sell. Perks costs £108 a year and its 0.50% savings boost only covers that on about £21,600 in Instant Access, so it pays only if you would use the partner perks anyway. Two things to accept going in: the current-account balance earns no interest, and support is mainly in-app chat, which is the most common complaint.
Side-by-side
| Factor | Chase UK | Monzo |
|---|---|---|
| Reward | £50 | £10, £20 or £50 |
| Quick answer | Check you can join Chase (18 or over, living in the UK and UK tax resident, with a smartphone and a UK mobile number) and didn't apply to Chase before 3 December 2025. for the Chase UK offer. New eligible customers can get £50 after meeting the requirement: Activate a personal single-use code and pay in £1,000 in total within 30 days of opening your first Chase account. Last verified 2026-10-11. | Use the referral link for the Monzo offer. New eligible customers can get £10, £20 or £50 after meeting the requirement: Add money (any amount) and make one eligible Monzo card payment within 30 days. Last verified 2026-10-11. |
| Best for | Higher-value app-bank referral | Fast low-friction app-bank referral |
| Bonus trigger | Activate code and pay in £1,000 within 30 days | Sign up via link and make a card payment |
| Main risk | Missing the pay-in or code activation requirement | Lower reward value |
FAQ
- Is Chase or Monzo better for a referral bonus?
- Chase is better for reward size if you can meet the £1,000 pay-in rule. Monzo is easier if you want a smaller, simpler referral offer.
- Do I need to switch my bank account?
- No. These are referral sign-up offers, not full Current Account Switch Service bonuses.