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Monzo launches ‘double payday’ perk for 10 customers each month

Monzo launches ‘double payday’ perk for 10 customers each month

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Challenger bank Monzo has introduced a new feature, called ‘double payday’, where each month ten customers will have their take-home salary doubled.

The feature launched on 8th December and the first lucky customers will be picked this month.

Then, every month Monzo will randomly pick ten customers who get their salary paid into their Monzo account and double it.

So, if your take home pay is £2,500 a month, you’ll get an extra £2,500 added, tax-free.

Who is eligible?

To qualify, you need to be 18 or over, and get your salary paid into your Monzo account – either a joint or personal account. Your salary needs to be between £300 and £20,000 per month.

You need to have received your salary into your Monzo account by the last day of the calendar month to be eligible for next month’s draw.

The prize cap is £10,000 – so if your salary is £11k per month, you would still only get £10k bonus (not bad, hey?!).

What kind of investor are you?

“I want a guaranteed, fixed rate of interest”

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