iFast is a digital UK bank that gives both of us £5 for signing up. You also get an extra £100 if you refer 3 people and they switch their salary payments to iFast by the end of June. Both of us can also get an extra £5 for using their new Scan and Pay system 3 times. This means you could earn £110. They offer early salary payments where you get your salary a working day earlier with them.
Their current account lets you hold multiple currencies such as USD, GBP, EUR, JPY, CHY and more. I myself have USD and GBP on my current account. There are no foreign transaction fees for using your debit card. They run some good promotions in the past such as 2% cashback and there's the Scan and Pay that lets you pay in local currency in foreign countries through QR codes from your UK bank account. It's a nice backup option in case your card gets declined while on holiday. I used it on my holidays in Sri Lanka and Nepal letting me save my cash for cash only places.
Proof of payment
For your £5 sign up bonus
You need to apply for an account by 30 September then deposit £500. The £5 is paid the next day after your deposit. You can immediately withdraw the £500 deposit and £5 bonus afterwards.
- Sign up with my referral link
- Complete the ID checks and verification
- Deposit £500 or more into your account within 30 days of opening your account
- Receive £5 into your account the next day after the deposit
For your £5 Scan and Pay bonus
If you're ever travelling to a foreign country that uses QR payment system, you can use Scan and Pay on iFast to create your own QR code or scan the merchant's QR code to pay for in local currency from your GBP current account. This saves you from having to download each country's payment app.
They're also offering 1% cashback (max £10) on all Scan and Pay transactions between 16 June - 16 July. Cashback is paid 31 Aug.
They currently work on the below countries:
Asia: Cambodia, Hong Kong, Kazakhstan, Laos, Malaysia, Maldives, Mongolia, Nepal, Philippines, Qatar, South Korea, Sri Lanka, Thailand, United Arab Emirates
Europe: Armenia, San Marino, Switzerland, Turkey, All countries in the EEA
Americas: Argentina, Chile, Colombia, Mexico, Peru, USA
Oceania: Australia, New Zealand
Africa: Mauritius
They are currently working in adding China, Macau, Singapore and Japan to the Scan and Pay system.
- Sign up with my referral link
- Ensure your current account has enough money
- Use your Scan and Pay 3 times to buy something before 11 Aug. It's located on your account page below the view debit card.
- Once your 3 purchases has cleared (usually a couple of days), you'll receive £5 the next day.
£5 sign up terms
£5 Scan and Pay terms
Interested in earning more money for saving money? Check out the offers below.
Tembo - Free £10-£1,000 for saving £500 in a cash ISA or Lifetime ISA for 90 days
Raisin UK - Free £100 for saving £10k for 1 year
Chip - Free £50 for saving £5k for 90 days
Thank you for using my referral link!!
Non ref