Overview
- Winners receive an extra payment equal to their take‑home pay, capped at £10,000 per month.
- To qualify for the next draw, a salary must arrive in a Monzo account via BACS by the final calendar day.
- Monzo describes the matched payment as based on net pay and reported coverage says it is tax‑free.
- Eligibility detailed in coverage includes UK residents aged 18 or over, personal or joint accounts, and salary payments typically between £300 and £20,000.
- The scheme expands Monzo’s salary features such as Get Paid Early and Salary Sorter, with eligible deposits stated as FSCS‑protected up to £120,000 per person.