We want you to enjoy the benefits of being our customer. Arion Rewards is designed to recognise and reward those who use the wide range of services across the Arion Bank Group.
The programme is built on different levels. The more of our services you use, the higher you move — unlocking better terms and even more valuable benefits along the way.
Open the Arion app and follow a few simple steps. Once you’ve signed up, you’ll see a clear overview of your rewards, the services you use, and the extra benefits waiting for you.

Here, you can check out the different rewards based on your level, plus the conditions you need to meet.

The Rewards account gives you full access to your money at any time, with no withdrawal limitations. Interest is calculated on the principal and paid weekly, helping your savings grow faster than ever.
If you’re an Arion customer with Home Protection from Vörður, you may be eligible for up to a 7% refund on your insurance.

The rewards system is built on a set of specific service components. The more of these components you use, the higher you move within the system — and the better the terms you enjoy.
These are the service components that count:
Active turnover
Active payment card
Mortgage or car loan from Arion
Arion or Frjálsi supplementary pension savings
Home protection from Vörður
Subscription to Stefnir funds
Young adults
If you are under 23 years, you belong to this level. If you meet the additional requirements below, you can move up to a higher level. Age is determined by your birthday — so on the day you turn 24, the benefits for this level expire.
Level 1
You need to use at least two of the six eligible services.
Level 2
You need to use at least four of the six eligible services.
Level 3
To reach Level 3, your financial status must be over ISK 10 million. You can also qualify by owning a company that is an Arion customer, provided you have three active services.
Premía
To qualify for the Premía level, your financial status must be over ISK 40 million, along with three active services.

Arion rewards is a new rewards program from Arion, designed to reward our customers who use various services across the Arion group. The benefits system is divided into different tiers where customers move up in the system as they utilize more service components, thereby enjoying better terms and increased benefits. Here you can view the available benefits along with the conditions that need to be met at different levels of the system.

Your success matters to us, and we want you to benefit from having your finances and insurance in the same place. That's why you get better terms if you're with both Arion and Vörður.

Arion offers the most comprehensive financial services in Iceland. Our diverse range of services gives us a unique position – a varied group of customers, with different needs and goals, utilize our powerful services in loans, savings and investments, as well as pension matters, funds and securities, and insurance.