I can Clear (Dismiss) this from my feed (which I have done) but no there is no opt-out for this sort of thing. I think it will probably be added on later when full CA will be rolled to everyone at least I hope opt-out option will be given for any sort of offers.
I am not sure how they are only getting £50 from bulb when Bulb seems to be offering £50 for referring and another £50 to whoever signed up. Like I said Monzo seem to be getting bit of a bad deal from Bulb
There are people at Bulb Community actively sharing referral links to earn and give £50 (again just to clarify £50 for whoever will sign up and £50 for whoever referred that’s £100 in total unlike Monzo’s £25 each)
I expect Monzo will continue using this model of collecting some of their partner’s referral incentives, which may sometimes mean that the user receives a smaller incentive, in the future - assuming that this test & others work. We also know that they’ll be transparent about the incentive (the £25 in this instance), that they’re receiving for promoting their partner.
So lets assume that Monzo’s testing whether or not losing £25 of the incentive puts you off signing up through them. If they’d told you that they’re collecting £75 (the £25 you’re giving up + the £50 that Bulb gives referrers) & you’re collecting £25, how would you have felt about that?
It’s not about how I feel mate, of course, I expect Monzo to make money if people switch via Monzo app/referral but I don’t expect Monzo to offer a bad deal compared to the one which I can send you right now (via my own referral link) or anyone with Bulb can send.
Have to say that I agree with @alisufyan on this. Monzo dropped the ball with this offer. Monzo should be getting £50 from Bulb for referring, and the switching customer should also get £50 from Bulb. That’s the current deal with Bulb, not sure why Monzo settled for anything less