Myandbank marks 3rd anniversary with 28,000 clients and €263m under management

Myandbank, the fully digital arm of Andbank, marked its third anniversary on 28 November, reporting more than 28,000 clients and a 150% year‑on‑year increase in business volume, now managing over €263 million.

Since launch the platform has paid over €2.5 million in interest through its remunerated current account, which offers 2% during the first year on balances up to €50,000. That 2% rate is maintained beyond the first year for customers who commit to directing at least €150 per month into an automated investment portfolio. The bank also ran a short‑term deposit promotion at 3% for three months, available until the end of the year.

Myandbank’s “invest while you spend” campaign returns 3% on card purchases for clients with automated portfolios; participants have reinvested roughly €257,000 through the initiative. The number of customers using automated portfolios has doubled over the past year to more than 3,700 active investors. Reported cumulative returns vary by risk profile, ranging from about 4.54% to 38.28%.

The platform offers six risk‑profile automated portfolios that can be funded from €150 monthly and provides a continuous range of deposit products alongside its investment options. Through the app, customers can access more than 500 investment funds from established international managers.

Product range has expanded to include Junior and Mini accounts for younger users, both remunerated at 2%. Since their launch in September 2024, nearly 1,200 youth accounts have been opened and more than 500 Junior cards issued. The Junior account, for users aged 12–17, supports Bizum peer payments within Andorra, free transfers and a named debit card; the Mini account, aimed at children 0–11, is consultative with limited transactional access.

Myandbank integrates life and health insurance from Andbank Assegurances, allowing users to simulate premiums and request cover through the app; an insurance manager follows up to complete the process. The service remains fully digital, delivered via an app designed for intuitive use and backed by personalised support. It offers Bizum in Andorra, commission‑free national and international transfers, a free debit card and is open to both existing Andbank clients and new residents in Andorra.