Get a re­fund on your in­sur­ance

The benefits depend on your level. Examples include:

• Reimbursement on insurance from Vörður

• Lower annual fee for credit cards

• Free debit card transactions

• Discount on stock trading

You can view the full list of benefits in the Arion app, where you can also see which services you can add to move up to the next level.

No, Arion benefits come in the form of both refunds and discounts.

To reach a specific level, you must use a certain number of our services.

To qualify for Level 3 or Premía, you must also meet additional conditions.*

The services are:

• Active turnover

• Active card

• Mortgage or car loan from Arion

• Arion or Frjálsi supplementary pension savings

• Home protection from Vörður

• Subscription to Stefnir funds

*To reach Level 3, you must have over ISK 10 million in assets with Arion, or own a company doing business with us, in addition to having three active services.

Conditions for Premía: You must have over ISK 40 million in assets with Arion, in addition to having three active services.

The refund is part of Arion rewards.

Once you’re registered for Arion rewards, you’ll receive a refund on your insurance — as long as you remain claim‑free.

You will receive the refund one month after you pay the annual fee.

Active turnover
You must have met the turnover criteria* in three of the last four months.*Turnover criteria are ISK 250,000 per month. Please note that transfers between your own accounts within Arion do not count toward turnover.Active card
You must have used an Arion debit or credit card at least once in the last two months.Active supplementary pension savings
You must have received at least one deposit in the last four months into Lífeyrisauki (Arion's supplementary pension savings) or supplementary pension savings with Frjálsi.

Once you have registered, you will immediately see which level you belong to.

You can also see which services you could add to move up a level and enjoy even more benefits.

Note that for level 3 and Premía, you must also meet certain conditions.

Þegar við tölum um fjárhagsstöðu er átt við stöðu á reikningum, viðbótarlífeyrissparnað hjá Arion eða Frjálsa og vörslusafn.

Athugaðu að staða reikninga þarf að hafa verið yfir viðmiðum samfellt síðustu tvo mánuði.

Start by opening the Arion app. Tap on "More" and then "My Rewards. Under "Services" you will find the "Financial Status" tab, which you can open to get more information.

To register, you'll need a version of the app that supports Arion Rewards (iOS 3.59.0 or higher, and Android 3.50 or higher). You can update through App Store (iPhone) or Play Store (Android).

Please note that in some cases, you may need to update your phone's operating system to install the latest app version.

Unfortunately, it is not possible to register for Arion rewards through the online banking system.