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 £5-20 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. Suits Me – £12.50 for You and Your Friend

Suits Me is a simple online account that comes with a free contactless debit card. When you refer a friend, both of you benefit — they’ll get a £12.50 sign-up bonus, and you’ll also receive £12.50 once they’ve activated their card and loaded money into the account.

It’s an easy way to help a friend get started with banking while you both pocket a cash reward.

Claim your £12.50 bonus here.

4. Chip – £10 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 £10 each when they join and open an Instant Access Account.

They’ll just need to deposit at least £100 and keep it in the account for 30 days — once they’ve done that, the £10 bonus is paid into both accounts.

Claim your £10 bonus here.

5. Zilch – £10 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 £10 to spend on their Zilch card — and you’ll also receive £10 as a thank-you.

Rewards are instantly credited once your friend verifies their account and links their debit card.

Claim your £10 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. Dabble – £10 Free Bet for You and Your Friend

Dabble is a sports betting app with a social twist. With their referral scheme, when you invite a friend, they’ll get a £10 free bet just for signing up with your code — and you’ll also receive a £10 free bet once they do.

It’s a quick way to share the app and grab extra bets without having to deposit.

Claim your £10 free bet 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!