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This offer is open until 30th June 2022, so you’ll need to act fast to get the deal.
Monese has today launched a fantastic new offer that provides 1.5% money back on everyday card spending every month from 1st July to 31st December 2022, provided new customers sign up on or before 30th June 2022.
Here, we’ve covered everything you need to know about this highly competitive cashback offering.
What is Monese?
Monese is one of the leading mobile money apps, allowing you to open your account instantly and use it via your mobile. Highly popular for international travel and sending money abroad, Monese were the first mobile app alternative launched in the UK back in 2015.
The app is similar to the likes of Starling, Monzo etc, operating completely online. Monese offers personal and business accounts, as well as features such as a credit builder.
Pricing ranges from a free account ideal for sending money abroad and general spending to a premium account with more comprehensive features.
How does the cashback offer work?
Customers signing up to Monese on or before 30th June 2022 and depositing at least £250 will receive 1.5% money back in the second half of the year.
For existing customers, the offer can be redeemed if you invite a friend to Monese using your referral code – dependent on your friend also depositing the required £250 into their account on or before 30th June 2022.
The promotion is open to all existing and new Monese customers with a UK address.
There is a total cashback cap of £30 per month – so the most you could earn in the six months is £180.
Are there any exemptions?
Payments excluded from this promotion include:
- Account and prepaid card funding
- Bail and bond payments
- Bank fees such as product fees, promotional merchandise, financial consultations and loan fees
- Cash withdrawals
- Debt repayments
- Gambling transactions7
- Money orders
- Money transfers
- MoneySend transactions
- Precious metals
- Savings bonds
- Securities — stocks, bonds, commodities and mutual funds
- Stamp and coin stores
- Travellers Cheques and foreign currency
How to get the cashback offer
To sign up, you just need to open a GBP Monese account on or before 30th June 2022 and deposit £250 into your new account before this date.
Open a Monese Starter Account for Free
The Monese ‘starter’ account is a free and instant GBP, EUR, and RON account described as ideal for sending money abroad, general spending, and travelling.
Existing Monese Customers
Existing customers will be pleased to learn you haven’t been overlooked in this deal. You can use your Invite & Earn code via the app to invite friends to sign up for Monese.
If a friend uses your link to sign up and deposits £250 GBP into their account on or before 30th June 2022, you’ll both get the promotion.
How does this measure up against other cashback offers?
This is one of the best cashback offers you’ll find at the moment.
Chase Bank is currently offering a 1% cashback deal for 12 months, although there is currently a 3 – 5 week-long wait to get your card.