Best Refer-a-Friend Schemes to Earn Cash and Rewards
Table of Contents
Looking for an easy way to earn rewards, cashback, or even free money? Referral programs offer a fantastic opportunity to boost your income by simply inviting friends to sign up for services you already love. In this guide, we explore some of the best refer-a-friend schemes in the UK that offer lucrative referral bonuses, including fintech apps, cashback sites, and survey platforms.
1. Monzo – Earn Cash with Banking Referrals
Monzo is a popular digital bank that makes managing money easy. Their refer-a-friend scheme allows both you and your friend to earn a bonus between £10-50 when they sign up and make a card transaction.
Claim your Monzo referral bonus here.
2. Robinhood – Free Stocks for You and Your Friend
Robinhood is a commission-free investing app that rewards users with free stocks when they refer a friend. Both you and your referral receive a free share, worth between £6-£140, making this a great way to start investing with zero risk. Alternatively, you can sell the share straightaway and keep the cash.
You can keep referring others until you reach the value of $1,500 in free shares.
Claim your free share here.
3. Klarna – £20 for referring your friend
Klarna is one of the UK’s most popular Buy Now, Pay Later apps, letting you split payments or pay instantly using their debit card. They’ve recently launched a referral offer where you can earn £10 cashback just for using the Klarna debit card a few times. You will receive £20 for referring a friend, and your friend will get £10 for signing up.
Claim your £10 bonus here.
4. Chip – £50 Bonus When You Refer a Friend
Chip is a UK fintech app offering market-leading interest rates. With its refer-a-friend scheme, both you and your referral get £50 each when they join and deposit at least £5,000 into their Chip account (this can be split across multiple Chip savings or investment accounts). They must maintain a minimum £5,000 balance for 90 consecutive days.
They’ll just need to deposit at least £5,000 and keep it in the account for 30 days — once they’ve done that, the £50 bonus is paid into both accounts.
Claim your £50 bonus here.
5. Zilch – £5 for You and Your Friend
Zilch is a “buy now, pay later” platform that also offers cashback on everyday spending. When you refer a friend, they’ll get £5 to spend on their Zilch card — and you’ll also receive £5 as a thank-you.
Rewards are instantly credited once your friend verifies their account and links their debit card.
Claim your £5 reward here.
6. Trading 212 – Free Shares for You and Your Friend
Trading 212 is a popular investing platform where both you and your referral can earn free shares. When you invite a friend, they’ll receive a share worth between £8 and £100 after depositing at least £1 — and you’ll get one too.
It’s a win-win: your friend starts investing at zero cost, and you build your own portfolio with free stock.
Claim your free share here.
7. Plum – £10 for You and Your Friend
Plum is a popular money-saving and investing app that helps automate your finances. By linking your bank account, Plum can help you build savings, invest, and manage your money more effectively. When you invite a friend, they’ll receive a £10 bonus when they deposit £10 or more into an eligible Plum product and hold the deposit. You will then get a £10 bonus once they have completed this.
Claim your free share here.
Final Thoughts
Refer-a-friend schemes provide an easy and effective way to earn rewards, free money, and cashback with minimal effort. Whether you're looking to earn from banking apps like Monzo, investment platforms like Robinhood, or cashback and survey sites, these referral programs are a smart way to boost your income.
Start sharing your referral links today and watch the bonuses roll in!
