Myandbank is launched, a 100% digital bank aimed at Andorran residents, which includes Bizum and free international transfers

Escaldes-Engordany, 28 November 2022.

Andbank, an international financial group, launches Myandbank, a 100% digital bank, aimed at residents of the Principality – Andorran citizens or those with a residence permit -, which is launched with a unique range of financial solutions to facilitate users’ daily lives.
Myandbank includes Bizum, an immediate and free payment method that is carried out via mobile; the possibility of making domestic and international transfers with no fee and having an interest-bearing account at 1% on balances up to 30,000 euros.
Myandbank customers will be solely of this channel and can register in a few minutes via mobile, tablet or computer. In addition, they have telephone support if they require it. The Myandbank app is available on both Android and iOS.
The launch of Myandbank is part of Andbank’s digital strategy, aimed at responding to its customers’ needs in an easy, transparent and innovative way.

Product range

Myandbank is the only financial institution in Andorra that has Bizum. Bizum is a digital solution that allows users who have it to pay from mobile to mobile immediately.
The digital bank also includes no-fee domestic and international transfers. Through the application, Myandbank customers can make transfers between Andorran banks or banks in other countries without any associated expenses.
Finally, in this launch phase, Myandbank gives access to an interest-bearing account at 1% on balances from 1 up to 30,000 euros, a product aimed at customers who like to save and are interested in obtaining a return on the money they keep in their accounts.
Myandbank is the first Fintech solution based in Andorra that belongs to a large Andorran financial group. It is intended for all users who are residents of Andorra, whose investments and savings in Myandbank are protected by the Andorran Deposit Guarantee Fund (FAGADI).
The website (www.myandbank.com) and the app, available in the Apple Store and Google Play, are designed so that the user can navigate quickly and intuitively. Myandbank has a Twitter and Instagram account, where you can follow Myandbank’s latest news and updates.