Monese referral bonus £15 this month

Monese has just increased the bonus to £15 for this month. Free card as well, I believe

Get a £15 welcome gift when you open a Monese account and do the first transaction with the Monese Card. Just use my code: JOHNS345. Download the Monese app here:

£15 ain’t worth it. Trust me. British residents should never get a Monese unless you want to be charged on almost everything you do, including depositing and withdrawing cash.

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It’s the best I’ve found as a “night out” card. Free bank transfers, card has always been reliable for me. I tend to use it for UK trips, where I want to keep a handle on my budget.

No good as your main account though! Agreed.

Even as a night out card it’s rubbish. Get a Cashplus prepaid card instead, one-off fee of £5 for the card, or even Revolut.

On this price scale?

What does it offer that would justify paying for a card compared to Monese giving you a free card and £15?

The FlexPlus that has no monthly free charges £0.99 per purchase. That’s crazy.

Revolut would be a good alternative, but I actually use the account occasionally for FX, so no good as a card to burn.

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Debit card top up charges have also been removed

They need to update the wording though…

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This seems to be more or less permanent now.

Further enhanced referral programme

Bigger possible reward, but referree has to use the card quite a bit first

Back again, for up to £20 for referee and £5 (I think - it’s not clear) for referred.

Hopefully a sign that Monese is getting through the crisis!

Monese was such a stable business model to begin with I don’t see them going anywhere

Hardstuck getting a bank account because of ID? No problem, just be in the U.K. or EU and provide your ID and get your card sent to X address

Not only that, we can give you: support in your language. Big help to communities that keep to themselves like Brazilian Portuguese speakers & even communities that have a decent handling of English but prefer to deal with financials in their mother tongue

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Me neither, but they did shut down referrals and two (I think) offices at the start of the pandemic, so they clearly faced some tough choices at least. I meant really that the returnof referrals is hopefully a sign they’re back to being proactive

Sounds like risk management, they couldn’t know what adverse affect the pandemic would have on their customers who could potentially cancel a large portion of revenue

Kill referrals to shore up finances and prevent unprofitable customers in the short-term, pair with closing offices that are large expenses to further strengthen financial position of the company

Makes sense even if it wasn’t a tough choice

Just out of curiosity, doe’s anyone know if Monese are actually making a profit yet?

I’ve tried to find out, as I am a fan of theirs, but there seems to be very little info out there.

True! It’s a positive sign though, either way

They seem to keep a tight lid on it. So, no!

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