Best Refer-a-Friend Schemes to Earn Cash and Rewards

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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. You can then refer them to a Monzo Investment Account for another £5 each.

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. SumUp – Get Paid for Banking Referrals

SumUp is a payment provider, similar to Monzo, with a 0.5% cashback rate. Their referral program allows users to earn £20 for every friend who signs up and spends at least £10 in 3 payments. This is an excellent way to earn free money effortlessly.

Sign up here for a free £20 and start referring.

4. Zilch – Shop Now, Pay Later with Bonus Cashback

Zilch offers a £5 bonus for new users and additional referral bonuses when you invite friends. This Buy Now, Pay Later service also provides up to 0.5-2% cashback on purchases, making it a rewarding way to shop smartly. Simply enable the store that you wish to spend the bonus on to activate it.

Sign up here for £5 and start referring.

5. Cashback Sites – Earn Rewards on Your Everyday Shopping

Cashback websites let you earn money back on purchases from popular retailers. Use our Cashback comparison tool to compare the best rates for your favourite shops.

Many of them offer referral bonuses, meaning you get extra cash when your friends sign up and start saving. For example, Jam Doughnut offer a £3 welcome bonus and £8 per friend you refer. Top Cashback offer a £10 bonus to sign up and a further £30 per referral.

Claim your free bonuses on various cashback sites here.

6. Survey Sites – Get Paid for Your Opinions

Taking online surveys is a simple way to earn extra money, and some survey sites offer referral bonuses when you invite friends. This means you can earn rewards not just from completing surveys but also by helping others sign up.

For example, 5 Surveys and Hey Cash will pay you 10% commission on your referrals income for every survey that they complete.

Claim your free money on survey sites 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!