Who Qualifies for Raisin's £100 Referral Bonus: Core Eligibility Rules
Raisin's £100 referral bonus is available exclusively to new customers opening their first Raisin savings account, as verified by UseMyCode in 2026. You must be a UK resident aged 18 or over, have never held a Raisin account previously (even if closed years ago), and complete identity verification using your UK bank account and National Insurance number. The bonus applies only to your first qualifying savings product opened through Raisin; any subsequent accounts you open will not earn the referral bonus, regardless of how much time passes between account openings.
Geographic coverage spans the entire United Kingdom — England, Scotland, Wales, and Northern Ireland — with no blanket postcode restrictions that would exclude any UK resident from applying. However, individual partner banks may impose regional restrictions on specific postcodes during the sign-up process. If your postcode is flagged as ineligible, this reflects a partner bank's operational or regulatory limitation rather than a Raisin-wide block, and you should contact Raisin support to confirm whether alternative partner banks are available in your area before abandoning your application.
The £10,000 Deposit Requirement: What Counts and What Doesn't
The £100 referral bonus is conditional on depositing at least £10,000 into a qualifying Raisin savings account within 30 days of account opening, as confirmed in Raisin's official terms. This deposit must originate from your personal UK bank account; transfers from external savings platforms, investment accounts, or third-party sources do not qualify. The £10,000 must be transferred directly to the partner bank savings account itself (the fixed-rate bond, easy-access account, or notice account you selected), not merely deposited into your Raisin Transaction Account as a holding balance.
The 30-day window is strict and non-negotiable. If your deposit arrives on day 31 or later, you forfeit the £100 bonus entirely. Deposits below £10,000 (e.g. £9,999) also disqualify you from the bonus. Keep a record of your bank transfer confirmation email showing the exact deposit amount and arrival date; this documentation allows Raisin support to investigate if the bonus fails to arrive and provides proof of your compliance with deposit requirements.
One critical nuance: the minimum deposit requirement applies per account, not per Raisin customer. If you open multiple Raisin accounts (with different partner banks), each account requires its own £10,000 minimum deposit to qualify for any associated promotional offers. However, the £100 referral bonus applies only to your first account; subsequent accounts will not earn the referral bonus even if they meet the £10,000 deposit threshold.
Account Type Eligibility: Which Raisin Products Qualify for the Bonus
The £100 referral bonus applies exclusively to three account types: fixed-rate bonds with a minimum 12-month term, easy-access savings accounts, and notice accounts (with 30, 60, or 90-day notice periods). Specialist accounts such as Sharia-compliant savings products, business accounts, or joint accounts may have different bonus terms or may not qualify for the referral bonus at all. Verify the account type you select during sign-up matches Raisin's eligible product list before confirming your choice, as selecting an ineligible account type will disqualify you from the bonus.
The account type you choose directly affects when your bonus is credited. Fixed-rate bonds receive the £100 bonus within 28 days of account opening and funding. Easy-access and notice accounts require you to maintain the £10,000 balance for a full 6-month holding period; the bonus is then credited 14 days after that 6-month milestone, bringing your total wait time to approximately 6.5 months. This timing difference is substantial and should influence your account selection if bonus speed is a priority.
UseMyCode tip: If you want the fastest bonus credit, select a fixed-rate bond with a 12-month term. You'll receive your £100 within 28 days of funding, whereas easy-access accounts require you to wait 6.5 months. However, if you need flexibility to access your savings before 12 months, the easy-access option is worth the longer wait for the bonus.
First-Account-Only Rule: Why Previous Raisin Customers Don't Qualify
Raisin's referral bonus applies exclusively to new customers opening their first account on the platform, and this rule is absolute and permanent, as verified by UseMyCode. If you have ever opened any Raisin savings account in the past — even if you closed it years ago, even if you only held it for one day, even if you never funded it — you are permanently ineligible for the new customer referral bonus. Raisin's system tracks all historical account holders, and attempting to claim the bonus as a returning customer will result in your bonus claim being denied.
This first-account-only restriction applies regardless of how long ago you closed your previous Raisin account. There is no time-based eligibility window that would allow you to re-qualify after a certain period. If you are unsure whether you have previously held a Raisin account, check your email history for any Raisin account opening confirmations or statements, or contact Raisin support directly to confirm your account history before attempting to sign up. Providing false information about your new customer status during sign-up is a breach of Raisin's terms and may result in account closure and bonus forfeiture.
Identity Verification and KYC Requirements: What You'll Need to Provide
Raisin uses Open Banking technology and identity verification to confirm your personal details securely, and all applicants must complete Know Your Customer (KYC) checks before account opening is finalised. You will be asked to provide your full name, date of birth, UK residential address, postcode, National Insurance number, and to authenticate your identity via your UK bank account. The identity verification process typically completes within minutes for most UK residents with a standard bank account held at a major UK bank.
Failing to complete identity verification means your account cannot be funded, you cannot open a savings product, and you will not receive the bonus. This verification step is a legal requirement for all UK savings accounts under anti-money-laundering regulations and cannot be skipped or bypassed. If your identity verification fails (e.g. due to mismatched information, address issues, or bank authentication problems), contact Raisin support for guidance on resubmitting documentation or resolving the underlying issue.
Your personal data collected during verification — including your National Insurance number, bank account details, and identity documents — is processed by Raisin and shared with selected partner banks as necessary to open, verify, and manage your savings account. All data processing is covered by Raisin's Privacy Policy and compliant with UK GDPR and the Data Protection Act 2018. You control your marketing preferences during account opening and can opt out of promotional emails at any time through your account settings.
Browser and Referral Link Requirements: How to Ensure Your Bonus Tracks Correctly
The Raisin referral link contains an embedded tracking identifier that must be properly recorded in your browser cookies for the referral to be attributed and your bonus to be credited, as confirmed by UseMyCode. You must click the referral link in a standard (non-incognito or non-private) browser window to ensure cookies are saved and referral tracking is activated. Opening the link in incognito or private browsing mode prevents browser cookies from saving, breaks referral tracking entirely, and results in your sign-up not being credited as a referral — meaning you will forfeit the £100 bonus.
After clicking the referral link, complete your account opening and sign-up immediately whilst the referral session is active, typically within 24 hours of clicking the link. Closing your browser, signing out, or navigating away from the Raisin website during the sign-up process may break the referral session and cause the bonus not to be credited. If you accidentally use incognito mode or encounter a broken referral session, clear your browser cache and cookies, open a standard browser window, click the referral link again, and complete your sign-up immediately without interruption.
Take a screenshot of the referral link URL before clicking it and keep both your account opening confirmation email and your first deposit confirmation email in a safe folder. If the £100 bonus does not appear within the expected timeframe, this documentation gives Raisin support everything they need to investigate and credit the bonus retroactively if an error occurred. This simple record-keeping step resolves the vast majority of bonus disputes reported to UseMyCode.
Bonus Timing and Delivery: When You'll Receive Your £100 Credit
The timing of the Raisin £100 bonus depends on which account type you select, as verified by UseMyCode in 2026. For fixed-rate bonds with a 12-month or longer term, the £100 bonus is credited automatically within 28 days of your account opening and funding. For easy-access or notice accounts, you must maintain the £10,000 minimum balance for the complete 6-month holding period; the bonus is then credited 14 days after that 6-month milestone is reached, bringing your total wait time to approximately 6.5 months.
Once the £100 bonus is credited to your Raisin Transaction Account, it can be withdrawn immediately to your personal bank account, reinvested into other Raisin savings products, or left in your account untouched — there is no lock-in period, no restrictions on the bonus, and no expiry date once credited. The bonus arrives automatically as a system credit; you do not need to submit any form, make any request, or contact Raisin support for the bonus to be paid. If the bonus does not appear within the expected timeframe, contact Raisin support with your account opening date and deposit confirmation to request an investigation.
Common Eligibility Mistakes That Disqualify You From the Bonus
The most frequent reason new customers fail to receive the £100 bonus is clicking the referral link in incognito or private browsing mode, which prevents browser cookies from saving and breaks referral tracking entirely. Always click the link in a standard browser window and complete your sign-up immediately whilst the referral session is active. If you accidentally use incognito mode, clear your cache, open a standard browser window, and click the link again before proceeding.
A second common mistake is depositing below the £10,000 minimum or depositing after the 30-day window closes. The referral bonus is only credited if you deposit exactly £10,000 or more and the transfer arrives within 30 days of your account opening date. If your deposit was £9,999 or arrived on day 31 or later, you have forfeited the bonus under Raisin's terms. Check your account opening confirmation email for the exact opening date and your bank transfer history to verify both the amount and arrival date.
A third mistake is selecting an ineligible account type. The referral bonus applies only to fixed-rate bonds (12+ month terms) and easy-access/notice accounts with the £10,000 minimum balance requirement. Some specialist accounts may have different bonus terms or may not qualify at all. Verify the account type you selected in your account settings matches Raisin's eligible product list before confirming your choice.
Finally, attempting to claim the bonus as a returning customer (if you previously held a Raisin account) will result in your bonus claim being denied. Raisin's system permanently flags all historical account holders, and there is no way to re-qualify for the new customer bonus. If you are unsure whether you have previously held a Raisin account, contact Raisin support to confirm your account history before attempting to sign up.
What to Do If You Don't Qualify: Alternative Savings Options
If you don't meet Raisin's eligibility criteria — because you previously held a Raisin account, have less than £10,000 available to deposit, or fall outside the UK residency requirements — you have several alternative savings options worth exploring. Traditional high-street banks (HSBC, Nationwide, Santander) offer easy-access savings accounts with £1 minimum deposits and competitive rates, though typically without new customer bonuses. Fintech savings platforms like Marcus by Goldman Sachs and Chip offer low minimum deposits and competitive rates, with some offering referral bonuses of £25–£50 for new customers.
Bank switching bonuses (typically £100–£200) are available if you are willing to switch your primary current account and meet ongoing payment or direct debit requirements. Cashback websites like Quidco and TopCashback may offer additional rewards if Raisin is listed as a qualifying retailer, though these are typically smaller than the £100 referral bonus. If you have less than £10,000 available, consider building your savings gradually with a lower-minimum provider, then switching to Raisin once you reach the £10,000 threshold to claim the referral bonus at that point.
For existing Raisin customers ineligible for the new customer bonus, check whether Raisin offers any loyalty bonuses, promotional rates, or partner-specific incentives on subsequent accounts you open. Raisin may periodically run limited-time promotions for existing customers, so it's worth checking the platform directly or contacting support to confirm whether any alternative incentives apply to your situation. You can also check your eligibility and claim the referral bonus if you meet all criteria, or explore alternative providers if you don't.
About This Article
This article was written by the UseMyCode editorial team and last reviewed on 8 June 2026. UseMyCode independently verifies every referral link and discount code before publication. This page may contain affiliate links — see our editorial policy for details.
