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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. ...
  4. ▸
  5. Arion Rewards
  6. ▸
  7. Rewards - groups

Re­wards - groups

Young adults - 23 years old and younger

Rewards

  • Free Blue Card - Plus more rewards that come with the card

  • No annual fee on debit card

  • No transaction fee for debit card

  • Einkaklúbburinn

Services

If you are 23 years old or younger, you belong to this level – however, if you meet additional requirements, you'll level up. Your birthday is the reference point, so on the day you turn 24, the benefits mentioned above no longer apply.

Lev­el 1

Rewards

  • Discounted annual credit card fee - 10% refund on yearly credit card fee1

  • Free debit card transactions - 100 free transactions a year

  • 5% refund on insurance at Vörður if you have a Home Protection Policy

  • 25% discount on share transactions when using the Arion app or online banking

  • Einkaklúbburinn

  • Rewards Account - weekly interest

You pay the full annual fee for both credit cards and insurance. One month after renewal, a refund is credited to your account. Discounts apply only to the full annual fee for credit cards and are valid for all cards.

1Valid for all credit cards except Premía.

Services

  • Active turnover

  • Active payment card

  • A mortgage or a car loan from Arion Bank

  • Active supplementary savings from Arion Bank or Frjalsi Pension Fund

  • Home Protection Policy with Vörður

  • Active subscription to Stefnir funds

You need to have at least 2 of these 6 services.

Lev­el 2

Rewards

  • Discounted annual credit card fee - 15% refund on annual credit card fee1

  • Free debit card transactions - 200 free transactions a year

  • 5% refund on insurance at Vörður if you have Home Protection Policy

  • 25% discount on share transactions when using the Arion app or online banking

  • Einkaklúbburinn

  • Rewards Account - weekly interest

You pay the full annual fee for both credit cards and insurance. One month after renewal, a refund is credited to your account. Discounts apply only to the full annual fee for credit cards and are valid for all cards.

1Valid for all credit cards except Premía.

Services

  • Active turnover

  • Active payment card

  • A mortgage or a car loan from Arion Bank

  • Active supplementary savings from Arion Bank or Frjalsi Pension Fund

  • Home Protection Policy with Vörður

  • Active subscription to Stefnir funds

You need to have at least 4 of these 6 services.

Lev­el 3

Rewards

  • Discounted annual credit card fee - 20% refund on annual credit card fee**

  • Free debit card transactions - no transaction fees

  • Higher interest on savings - 0,10% higher interest on selected accounts***

  • 6% refund on insurance at Vörður if you have Home Protection Policy

  • 25% discount on share transactions when using the Arion app or online banking

  • Einkaklúbburinn

  • Rewards Account - weekly interest

You pay the full annual fee for both credit cards and insurance. One month after renewal, a refund is credited to your account. Discounts apply only to the full annual fee for credit cards and are valid for all cards.

1Valid for all credit cards except Premía.

2Vöxtur 30 dagar and Vöxtur verðtryggður.

Services

  • Active turnover

  • Active payment card

  • A mortgage or a car loan from Arion Bank

  • Active supplementary savings from Arion Bank or Frjalsi Pension Fund

  • Home Protection Policy with Vörður

  • Active subscription to Stefnir funds

In order to be eligible for level 3 you need to have a financial position3 of more than ISK 10 million or have a company which is a corporate customer of ours, plus have three active services.

3Financial position refers to the status of accounts, supplementary pension savings, and your custody portfolio. Please note that account balances must have met the required threshold consistently over the past two months.

Pre­mía

Rewards

  • Discounted annual credit card fee - 25% refund on annual credit card fee

  • Free debit card transactions - no transaction fees for debit card

  • Higher interest on debit cards - 2,10% higher interest

  • Higher interest on savings - 0,20% higher interest on selected accounts1

  • Better overdraft - 2% lower overdraft interest on debit card account

  • Discount on share transaction - 50% discount on trading fees

  • Higher credit limits - higher self-service limit in app (ISK 7 million)

  • Priority in Call Centre - you go to the head of the queue

  • Access to Premía funds - access to Stefnir's special funds

  • 7% refund on insurance at Vörður if you have Home Protection Policy

  • Premía rates on insurance from Vörður

  • Einkaklúbburinn

  • Rewards Account - weekly interest

You pay the full annual fee for both credit cards and insurance. One month after renewal, a refund is credited to your account. Discounts apply only to the full annual fee for credit cards and are valid for all cards.

1Vöxtur 30 dagar and Vöxtur verðtryggður.

Services

  • Active turnover

  • Active payment card

  • A mortgage or a car loan from Arion Bank

  • Active supplementary savings from Arion Bank or Frjalsi Pension Fund

  • Home Protection Policy with Vörður

  • Active subscription to Stefnir funds

In order to be eligible for Premía membership you need to have a financial position2 of more than ISK 40 million, plus have three active services.

2Financial position refers to the status of accounts, supplementary pension savings, and your custody portfolio. Please note that account balances must have met the required threshold consistently over the past two months.

More about Premía