If you don’t want to read the rest of the blog then click this link and sign up for a Monzo account. The first time you spend with Monzo you will get £5 for free deposited into your account.
A real quick update today because this really doesn’t need expanding on outside of using the changing your bank for profit method that I’ll speak about some other time when I’ve done it a bit more extensively.
I basically earned £5 this week for the pot by opening a Monzo account and spending my first little bit of cash on it.
What is Monzo?
Monzo is an app only online bank. It’s totally free to sign up to their bog standard current account and they have various paid cards like most major banks do these days.
I’m not going to go in too much depth today about changing bank accounts for profit as I’ve not done it myself extensively enough to give any form of guide or review of. However, from what I’ve learned it’s very profitable. This will be the start of my bank switching endeavours.
Free money? What’s the catch?
Nothing really? Ok you have to make a purchase from the account to activate it, but there’s nothing to say that you can’t transfer from your main account to this account to make a purchase you were going to make anyway and then profit £5 from it. See it as getting £5 discount on a purchase.
It’s only a fiver, why should I care?
Well here’s the rub, this offer is active EVERY SINGLE TIME someone signs up through your ref link. So if you’ve done it for me, thank you, you’ve just made me £5. Now you can go get your Mum, Dad, Brother, Sister, Friend, Aunties Dogs best mate round the corner, whoever, to do it. Every time someone does it, you get a fiver, they get a fiver. So sure, a fiver may not sound too much, but what about £50? Well that’s just 10 people to convince. £25? 5 people to convince.
It’s easy enough to do and there’s nothing stopping you doing most the steps for them(they will need to authorise their identity with a video).
Keep on grinding as much as you can and I don’t think there is a limit to the amount you can earn other than the limits of the amount of people you can convince to sign up.
-Ally the Financial Dad
Ally the Financial Dad 