Open an account with Monese and you won’t be disappointed. In fact, use my referral code you’ll get £30 once you start spending! Just check out the steps at the bottom of this article. This is a limited time offer.
Monese is one of the leading challenger banks in Europe. It provides digital banking and remittance services on a level that have made the big banks take notice. Global banking giants can no longer try to quash the rise of neobanks, so they look to partner instead. HSBC for example, has just invested $35 million in Monese.
Monese was founded in 2013 and is one of several notable fintechs that have hit billion dollar valuations. This includes the likes of Revolut and Wise which I’ve talked about on before. There is also the likes of Starling Bank and Monzo which have leading customer service scores.
Monese itself has gained serious traction in terms of it’s external finances. Raising a total of $208 million. It will definitely be interesting to see what type of valuation will be set for Monese. There are two main reasons for the rise of the neo-banks such as Monese. These are leading customer service levels and cutting-edge digital-only features. Plenty of startups and fintechs raise money but securing direct investment from a top 10 global bank.
Norris Koppel, Founder and CEO of Monese, says: “Securing the support of a tier one global bank demonstrates the strength of our platform and the continued appetite from investors in the platform. I am delighted to have such a distinguished partner and investor in HSBC, who brings a great deal of experience in delivering exceptional banking services”.
Disclaimer: This is not financial advice and you are responsible for your own financial decisions. When investing capital is at risk. This article contains affiliate and referral links.
What Makes Monese Unique?
Monese offers some fantastic features. It includes, prepaid debit card, cross boarder remittances and mobile payments. Oh, and there’s also a credit building tool. I remember, setting up my own current account and was shocked how simple it was.
Somehow Monese, had stripped away all the boring paper work and bureaucracy big banks impose when you try to open an account. I later realised that Monese had actually built a reputation with Freelances just for this reason. In that, it was easy for Freelancers to set up, verify an account and use tools that help ‘underbanked’ consumers. Such as being able to build a positive relationship with money and credit.
All of which has lead to a sizable investment from HSBC and there’s no doubt now that Monese will be major player. Catherin Zhou, HSBC’s Global Head of Ventures stated that Monese is “one of the leading fintech players in the market. Our investment will provide stronger strategic alignment and enable us to build on our strengths as partners.”
Why Open An Account With Monese?
We should expect to see great innovation, growth and offering of the current features. This is underpinned by a statement from Taylan Turan’s, HSBC’s head of retail banking strategy, wealth and personal banking at HSBC. They say, that “This new partnership is a key step towards helping us deliver digital wealth and banking tools at pace and scale, combining Monese’s fintech credentials with our own global wealth and banking capabilities.”
Monese are already offer some exiting features. In addition to fundamental banking features you can also:
Set-up or link Avios points with your Monese card. Allowing you to offer a more convenient and seamless experience.
Automatically insurance your products with purchase protection. This automatically gives you protection for products you purchase on your Monese card (e.g. electronic devices).
Insure your bills against an accident or job lose. Monese will cover your bills giving you peace of mind.
Build your credit score without a credit check or credit card required. You can do this by taking advantage of a 12-month interest free credit builder loan from Monse. Check out the Monese credit builder.
Earn Interest on your savings. At the time of writing this, you can get up to 3.3% interest if you save for a fixed period of 1 year.
Why You Should Open A Monese Account
It truly does take minutes to open up a Monese current account. You instantly have access to lots of great banking features. Features which are changing the world of banking, as the HSBC investment will adhere to.
If you aren’t getting what you want form your current dusty old bank then check out Monese. Even if you are happy with your current bank, there’s no reason you can’t take advantage of a Monese account and just get some extra features!
In fact, you can even link your bank account. With Open Banking technology, you can easily link a UK bank account to your Monese app in a few simple steps to view and manage all your money accounts and balances right in your app.
Monese Referral Code – Get £30 When You Sign Up To Monese
Don’t miss out on market leading savings rates, payment protection and more. Check Monese out and open an account right now. For a limited time, you can join Monese and get up to £30 once you start spending! That’s right, the next 15 1 people can get £30 for free when you use my referral link or the code AND89528 to sign up! (T&Cs apply)*14 8
In short, if you sign up to banking app using my Monese referral code and you’ll receive £20 when you order and use the physical card for the first time, and an additional £10 once you have spent £500 on the card. The steps are super-easy:
Open a Monese account through the Monese app or website by clicking on the Referral Link or by using the Referral Code when signing up;
Activate your Monese Mastercard, then use their Monese Mastercard card or their virtual card for a single transaction of any amount. (There is no minimum value for a qualifying transaction to meet the criteria for the “stage 1 bonus”, but transactions towards other financial services products (such as paying off credit card bills) are excluded).
To earn a “stage 2 referral bonus”: use your Monese account to spend a minimum total amount with Monese. (The amount required to meet the stage 2 bonus criteria at any time will be shown in the Monese app and on the Monese website).
Start referring your own friends and family. Each Monese customer can refer a maximum of 15 Referred Customers, meaning they can earn a total of up to 30 bonuses (15 stage 1 bonuses and 15 stage 2 bonuses).
In case you missed it, the Monese referral code is AND89528.This is your “Monese invite code”! Don’t miss out on this Monese sign-up bonus and these codes are limited.
This code is a monese invite code for 2022 and 2023. So, yes this is a valid Monese referral code right now.
Further Monese Resources:
- Monese | HSBC announcement https://monese.com/ie/en/blog/hsbc-partnership
- *Monese ‘Invite & Earn’ Referral Program – Terms and Conditions: https://monese.com/gb/en/monese-referral-program-terms-and-conditions
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