iFast Bank: £5 Bonus + 2% Cashback (Up to £40 Monthly)

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iFast Bank is a UK-licensed bank (FCSC number: 716167) offering an impressive cashback deal for those looking to make the most of their spending. With their multi-currency debit card, you can enjoy 2% cashback on all eligible purchases, up to a total spend of £2,000 (or the equivalent in any currency) each month. This offer is available until 30th June 2025, unless extended, allowing you to earn cashback wherever you are in the world. The cashback alone is worth £40 per month!

Get Started with a £5 Sign-Up Bonus

iFast offers a £5 sign-up bonus when you deposit and hold £500 or more in your account for just 3 months. It's an easy way to earn some extra cash simply by using the account as intended.

Earn More by Referring Friends

iFast also rewards you for spreading the word. If you refer three friends, each depositing £500+, you can earn an extra £25, if they then maintain this balance for a further 3 months you’ll get a £5 bonus per person.

The referral program is available until 31st May 2025, so there’s plenty of time to refer others and earn even more rewards.

Cashback Up to £40 per Month

With the iFast multi-currency debit card, you’ll earn 2% cashback on every eligible purchase, up to £40 per month. This applies to purchases made in any currency, so whether you're shopping in the UK or abroad, you’ll still benefit from the cashback. The boosted cashback promotion is available until 30th June 2025, making this the highest-paying cashback debit card available right now. You can also combine this with other cashback options, like purchasing instant cashback gift cards.

Additional Benefits

Any cash held in your iFast Bank account earns a 3.5% interest rate, offering another incentive to keep your balance with them. This cashback card can also be stacked with Zilch to earn an additional 0.5% cashback.