Starting early is key to success
Regular long-term saving gradually builds a strong financial foundation that benefits your child in the future.
Established Icelandic asset management company whose role is to manage clients’ assets with their best interests as the guiding principle.
Regular long-term saving gradually builds a strong financial foundation that benefits your child in the future.
Parents and guardians can easily set up fund subscriptions for their children in the Arion app or the online bank, helping to build a strong foundation for their future.
The first step is to open a custody account in the child’s name, if such an account has not already been created.
Confirmation children and their peers who deposit their money into a Future Account, Housing Savings, or invest in Stefnir funds before 31. December 2026
If 30,000 ISK is deposited into either account, or an equivalent amount is invested in Stefnir funds, a 6,000 ISK matching contribution is provided. Additionally, we give 5% of any amount deposited above 30,000, up to a maximum of 200,000 ISK. The same applies to Stefnir funds.
The total matching contribution can therefore be up to ISK 32,000.
If investments in Stefnir funds are made through the Arion app, online banking, or other channels, the matching contribution is paid within one month. The contribution is automatically invested into the fund once all conditions are met. If investments are made across multiple funds, the matching contribution is allocated between them in the same proportions.
The information on this page is marketing material as defined in the Markets in Financial Instruments Act No. 115/2021 and under no circumstances constitutes advice to buy, sell or otherwise dispose of financial instruments.
Recipients are encouraged to seek advice and learn about the underlying risks and their rights before making an investment decision.
In the Arion app, select more, securities and funds. Next, select the relevant fund and, if you wish to trade in that fund, choose buy. During the process, select your child’s securities portfolio, enter the amount, check the box to set up a monthly subscription, confirm the transaction and it will be processed accordingly.
In the online bank, select securities, funds and subscriptions. Next, choose the relevant fund and, if you wish to trade in that fund, select register subscription. Then enter the amount, and the subscription will be processed.
In the Arion app select more, securities and funds. Next, select the relevant fund and, if you wish to trade in that fund, choose buy. During the process, select your child’s securities portfolio, enter the amount, confirm the transaction, and it will be processed accordingly.
The child’s securities portfolio is visible in the Arion app and online bank of the parent or appointed guardian, where the balance and performance of the savings can be monitored.
The child can monitor the development of their savings through the Arion app and online bank from the age of nine.
Individuals attain legal and financial majority at the age of 18 and may thereafter conduct securities transactions on their own. Any existing authorisations or powers of attorney will then be terminated.
Those who hold authorisation to conduct securities transactions on behalf of the child may request a redemption through the Arion app. From the home screen, select the custody account, click on the fund to be sold, then select Sell. Ensure that the child’s custody account is selected, enter the amount, click Next, choose the child’s deposit account, and then click Confirm.
In the online bank, select Securities from the menu on the left. Tick the box for the child’s custody account, then select Funds. Click the Sell button above the top fund, then click Sell next to the relevant fund. Enter the amount, select the child’s deposit account and custody account, tick the box I confirm, and then click Next followed by Submit order.
If you need further assistance, please contact Arion Bank’s Securities Services by phone at 444 7000 or by email at verdbrefathjonusta@arionbanki.is
If a deposit of ISK 30,000 or more is made into any of Stefnir’s funds, Stefnir will contribute ISK 6,000 in matching funds, plus 5% of the amount exceeding ISK 30,000, up to a maximum contribution of ISK 200,000.