Do you have any questions?

The portfolios invest in index funds from international managers Vanguard and iShares.

Myandbank portfolios are a discretionary portfolio management service provided by Andbank.

There are six types of portfolios, one for each risk profile: Beginners, very low risk; Green Slope, low risk; Blue Slope, medium-low risk; Red Slope, medium-high risk; Black Slope: high risk and Off-Piste, very high risk.

You can select your portfolio according to your investor profile, which is what determines your needs and goals, which may be more conservative or risky. For example, if in the questionnaire we award you the Black Slope Portfolio, you could take out any of our portfolios, since the Black Slope option is the riskiest. However, if your questionnaire showed you Red Slope, you could take out the Green Slope and the Blue Slope, but you could not invest in the Black Slope portfolio, as this would mean assuming a greater risk than what your questionnaire determined.

To open your portfolio, you have to take a short online questionnaire to find out your risk profile. We’ll assign you the right portfolio for your needs. You can repeat the questionnaire as many times as you want.

It’s very simple. You can schedule one-off or regular transfers directly from your Myandbank account – or from any bank – to your managed portfolio. They immediately become contributions. The transferred money arrives on the same day if it comes from Myandbank and takes one to three business days if it comes from another bank.

The minimum investment amount to open the portfolio is €150. You can also make one-time or periodic contributions without a minimum amount. Keep in mind, however, that if they are less than €150, the money will accumulate until this figure is reached. At that point, it will be invested. If your contribution is equal to or greater than €150, it will be invested automatically, except for a small portion that we keep in cash.

Whenever you want. You can choose the frequency – monthly, bimonthly, quarterly, six-monthly and annually – of your transfers/contributions and the amount you want to invest.

No. 99.5% is invested. 0.5% of your investment is held in cash. This percentage is lower than the amount most banks hold in cash – generally 1% – when providing this type of service. By default, we hold a small portion of your investment in cash – around 0.5% of the portfolio value – to cover future custody and management fees that are charged quarterly. There is then no need to refund funds to collect fees.

Yes, it is possible to open more than one portfolio per customer.

The automated portfolio service involves a management fee of 0.30% and an annual custody fee of 0.20% (IGI [General Indirect Tax] included). Payment is made quarterly to the cash account linked to the index fund portfolio.

The capital gain generated in the purchase and sale of investment funds has no tax impact on individuals under current Andorran regulations.

Daily, just like the funds in which they invest.

You can cancel your portfolio at any time from the app. The cancellation process takes one to eight business days.

The more than 500 actively managed and indexed funds are available in the Myandbank app. In the Investments section, click the Search funds button and you’ll find the full range of funds. You can also search for a fund by its name or ISIN number or use advanced search to search by category, manager or region.