Monese Referral Code

Monese still operates, which makes it the healthiest brand in this batch — but it changed owner under financial pressure, and any bonus figure predating that is describing a different company.

Monese is still running, but it is no longer an independent company, and that matters for any referral figure you find published before late 2024.

Pockit, a fellow UK fintech serving financially underserved customers, acquired Monese on 10 October 2024. The context was difficult rather than triumphant: Monese had warned about its uncertain future after consecutive years of losses, and HSBC — which held a stake — wrote down its value. Pockit acquired the current account business and injected capital to keep it going, reported as £6m in equity at the point of takeover and £15m in total to support integration and future growth. Even after the deal, Monese indicated it needed further cash to survive.

The combined group serves roughly three million customers on around £30 million of annual revenue, and Pockit's stated plan was to roll out Monese's multi-currency accounts alongside its existing digital accounts, salary advance and credit-building products.

For a referral, treat any figure published before October 2024 as belonging to the previous company. The "up to €150 bonus" that circulates for Monese dates from its independent era, when it was spending heavily on customer acquisition — which is a substantial part of how it arrived at consecutive years of losses. An acquirer stabilising a loss-making business does not usually maintain that level of promotional spend, so check the current offer in the app rather than assuming continuity.

None of this is a reason to avoid Monese. It has a genuine purpose — accounts for people who struggle to get them elsewhere, including customers without a UK credit history — and being inside a larger group with fresh capital is a better position than it was in during 2023 and 2024. It is a reason to verify the number before you promise it to anyone.