The ranking — by real value to you
PensionBee — £100 bonus
The largest fixed amount on this site. Paid into your pension after you transfer an eligible pot. Best if you already have old workplace pensions to consolidate.
YouFibre — up to £100 cash
A genuine bank transfer, not a bill credit — and the referrer gets the same. Amount depends on package. Use code 7HZX5R at checkout on a 12-month contract.
Hyperoptic — up to £75
Strong value if your building is on Hyperoptic's network. Link-based refer a friend scheme — no code to type.
Octopus Energy — £50 each
The classic UK referral: £50 bill credit for both sides after your switch completes. Reliable, well-documented scheme that has run for years.
Monzo — £10 personal / £50 business
Small but nearly effortless on the personal side. The business account referral at £50 is one of the better banking offers around.
Starlink — 1 free month
Worth roughly £75 depending on your plan. The obvious pick for rural addresses where fixed-line broadband is weak.
TopCashback — welcome bonus
Modest signup bonus, but the ongoing cashback is the real value if you shop online regularly anyway.
Revolut — free card + perks
No cash, but a free physical card and occasional promo perks. Fine as a secondary travel-spending account.
Tesla — 650 free Supercharging miles or £500 off
A new Model 3 or Model Y earns 650 free Supercharging miles; a Model S or X gets £500 off. Only relevant if you are actually buying a Tesla — but then it is free money.
Chase UK (£50) will join this list once the referral scheme reopens — details here. All amounts subject to each provider's terms; verify before signing up.
How I rank these
Three things, in order:
- What the new customer receives. Cash beats bill credit, bill credit beats account credit, and all of them beat vague "perks". A £50 bank transfer (YouFibre-style) is worth more in practice than £50 locked inside a product.
- How hard it is to qualify. Monzo takes minutes. PensionBee needs a pension transfer. Broadband referrals need you to actually be switching provider — which most people only do every couple of years.
- How reliably it tracks. Link-based referrals (Monzo, Octopus, Hyperoptic) track automatically. Code-based ones (YouFibre) depend on you entering the code at checkout — forget it and there is no fix afterwards.
What I deliberately ignore: what the referrer (me) earns. Several schemes pay the referrer more than the new customer, and ranking by that produces the inflated "best ever deal" lists this site exists to avoid.
Quick rules before you claim anything
- New customers only, almost always. If you have held an account with the provider before — even at a different address — assume you do not qualify until proven otherwise.
- Referral before signup, never after. Click the link or note the code before you start the application. No UK scheme I know of lets you add a referral retrospectively.
- One referral per company. You can stack offers across different companies freely, but not multiple codes within one scheme.
- Verify the amount on the provider's own site. Referral values change with marketing budgets. Everything here was checked in June 2026, but the provider's checkout screen is the truth.
Best referral programs FAQ
What is the best referral program in the UK right now?
By headline value, PensionBee (£100) and YouFibre (up to £100 cash) lead as of June 2026. But the best one for you is whichever attaches to a product you were already planning to buy — chasing bonuses on services you don't need is how people end up worse off.
Can I stack multiple referral offers?
Across different companies, yes — each scheme is independent. A broadband referral, a banking referral, and an energy referral can all be claimed by the same person. Within one company's scheme, no: one code or link per order.
Are referral bonuses taxable?
For ordinary consumers, one-off rewards for switching are generally treated like discounts or cashback rather than income. If you refer people at scale or as a business activity, the position can change — that's a question for HMRC or an accountant, not a referral site.
Why do the amounts keep changing?
Referral budgets are marketing budgets. Providers raise amounts when they want growth and trim them when they don't. That's why every page on this site carries a "verified" date rather than pretending amounts are permanent.
Do I need to be a new customer?
Almost always. Each provider defines "new" slightly differently — for broadband it usually means no account at any address; for banking it means no previous account of that type. The individual guides linked above cover the fine print per scheme.