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– The new conditions will apply to new and old customers. In this way, starting today, the more than 8,000 customers that Myandbank currently has will already benefit from the 2%.
– Recently, the entity launched four managed portfolios with the lowest commissions on the market and in which you can invest from just 150 euros.
– To join Myandbank it isn’t necessary to be an Andbank customer beforehand. Registration is fully online and includes Bizum and free domestic and international transfers, as well as a free debit card.
Escaldes-Engordany, 18 April 2023.
Myandbank, the 100% digital bank of Andbank, improves the conditions of your account by increasing the current remuneration from 1% to 2% NIR/APR up to 50,000 euros, which until now was up to 30,000 euros. From today, customers can take up to 1,000 euros gross to have their money in their account, without having to meet any conditions.
The new conditions will apply to new and old customers. Thus, as from today, more than 8,000 customers who currently have Myandbank will be able to benefit from the 2%.
Myandbank’s new offer is part of the entity’s strategy to offer products and services aimed at democratizing the advantages of savings and investment. Along these lines, two weeks ago it presented four portfolios of index funds, adapted to different customer profiles and composed of funds from the international managers Vanguard and iShares.
Investments in these portfolios will start at just 150 euros with the lowest commissions on the market: 0.30% management and 0.20% custody (including IGI tax).
Currently, Myandbank already has more than 8,000 accounts open and operational. It is a fully online bank and to become a customer it isn’t necessary to have an Andbank account beforehand.
The bank offers a fully free account without any commissions, allows direct debits of any income and permits Bizum and free domestic and international transfers, as well as a debit card at no cost.
Furthermore, Myandbank has decided to extend its “friend” campaign until 30 April, whereby customers can receive up to 200 euros by distributing a “friend code” to a maximum of ten friends or relatives who then register and activate Bizum for their accounts. Any new customers who use the code will receive 20 euros.
Myandbank runs a helpline in case a user needs help or has any doubts about any part of the registration process. Similarly, there is an email address to which anyone interested can send their queries during non-business hours. The address is firstname.lastname@example.org and the phone number is +376 881 960.
Myandbank is the first Fintech solution based in Andorra that belongs to a large Andorran financial group. It’s intended for all kinds of users residing in Andorra, customers of Andbank or otherwise, whose investments and savings in Myandbank are protected by the Andorran Deposit Guarantee Fund (FAGADI).
The new digital bank is the only financial institution in Andorra that incorporates Bizum. Bizum is a digital solution that allows its users to make instant payments from mobile to mobile. It also provides the options of commission-free domestic and international transfers, an account paid at 2% up to 50,000 euros and a free debit card.
The website (www.myandbank.com) and the app, available in the Apple Store and Google Play, are designed to enable users to browse quickly and intuitively. Myandbank has Twitter, Instagram and LinkedIn accounts on which customers can follow its latest news and updates. (@Myandbank).