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Arion Bank

Borgartúni 19, 105 Reykjavík

SSN: 581008 - 0150

Swift: ESJAISRE

LEI: RIL4VBPDB0M7Z3KXSF19

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  1. Individuals
  2. ▸
  3. Rewards
  4. ▸
  5. Arion Rewards

Don't miss out on your Ar­i­on re­wards

Arion rewards for our favourite people

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.

How does it work?

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.

It only takes 30 seconds to sign up

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.

App - fríðindi light

More ser­vices — more re­wards

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

Fjölskylda - Arion fríðindi

Get our high­est in­ter­est rates with the Re­wards ac­count!

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.

Rewards account

Are you ex­pect­ing a re­fund from your in­sur­ance?

If you’re an Arion customer with Home Protection from Vörður, you may be eligible for up to a 7% refund on your insurance.

Conditions for refund
App - staða - tryggingar - light

Won­der­ing which ser­vices you need?

Service components

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

Step by step

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.

FAQ

Ar­ti­cles

Arion fríðindi

New features in Arion rewards

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.

Read more
Arion endurgreiðsla - Feðgin

The refund is with Arion

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.

Read more
Fjármál og tryggingar - fjölskyld 5

Arion and Vörður - partnership for better service

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.

Read more