MyInvestor: how the referral works

What is MyInvestor?

MyInvestor is a Spanish digital bank backed by Andbank, operating with full Banco de España supervision on the banking side and CNMV oversight on the investment-services side. The product positioning sits between a regular Spanish digital bank and an investment-fund supermarket: customers get a current account with a Spanish IBAN, the standard payments features (Bizum, SEPA, direct debits, salary deposits), and alongside that a deep catalogue of mutual funds, ETFs, and managed portfolios accessible from the same app. That combination is unusual in Spain, where the historical pattern has been a current account at one institution and an investment account at another.

The investment side is the part that has driven most of the platform’s growth. MyInvestor offers a fund supermarket with a wide selection of EU-domiciled UCITS funds, ETFs from major issuers, and managed portfolios that the bank’s own asset-management team curates. Fees are competitive by Spanish-market standards, and the integration between the bank account and the investment account removes friction when moving cash from the deposit side to the investment side.

How the referral works

Using the referral code RBJqh during onboarding enrols a new user in the active welcome promo, and the qualifying mechanic is structured as a choice of three alternative steps, only one of which needs to be completed. The first step is a €1,000 salary deposit within the qualifying window, which is the natural fit for users who want to use MyInvestor as a primary account and route their salary through it. The second step is contracting one of MyInvestor’s deposit products, which suits users who specifically want to park savings in a higher-yield deposit. The third step is investing at least €100 in one of MyInvestor’s investment products — a fund, an ETF, or a managed portfolio — which is the fit for users who already plan to use the platform’s investment side.

Whichever step is completed, the €25 bonus is credited to the account once the qualifying activity is verified. The exact validity window and the binding promotional terms are whatever the in-app screen displays at sign-up. The code must be entered during the onboarding flow; entering it after the account is opened does not work.

Who MyInvestor is for

MyInvestor fits Spanish residents who want a single platform for everyday banking and for fund or ETF investing, particularly users who would otherwise hold a regular Spanish bank account at one of the legacy banks plus a separate investment account at a broker or fund-supermarket platform. Bringing both into one app reduces friction and saves on the recurring small frictions of moving cash between institutions.

It also fits users who specifically want a Spanish IBAN with a digital interface, without the branch overhead and the legacy IT of the larger Spanish banks. The salary-deposit qualifying step makes the welcome bonus a natural fit for users who plan to use the account as their primary salary destination.

It is less of a fit for non-residents of Spain, for users whose investing strategy depends on US-listed individual stocks rather than EU-domiciled funds and ETFs, and for users who specifically want English-first customer service.

Regulatory posture

MyInvestor operates as a Spanish bank under Banco de España supervision on the banking side and under CNMV oversight on the investment-services side. The bank is backed by Andbank, a long-running Andorran-Spanish banking group. Customer deposits are protected by the Spanish deposit guarantee fund (Fondo de Garantía de Depósitos de Entidades de Crédito) up to the standard EU-harmonised €100,000 per depositor.

Investment products are held in custody under MiFID II rules and are not deposit-insured. They are subject to market risk; the protection is structural (segregation of customer holdings from the bank’s own balance sheet) rather than insurance-based. The in-app product disclosures cover this distinction in detail and are the binding source for any specific product question.

Things to watch for

• The qualifying steps for the welcome bonus require the activity to actually occur and be verified — for the salary-deposit step, the funds need to be present, not just transit through. The in-app promo screen describes the verification mechanic at the time of sign-up.
• The €100 investment-product step exposes the user to market risk on the invested amount. The €25 bonus does not insulate against the investment performing worse than expected.
• Customer service and documentation are primarily Spanish-language. English support exists but is uneven; non-Spanish-speakers should be prepared for some friction.

Conclusion

MyInvestor is a strong pick for Spanish residents who want banking and fund investing in one app and who can complete one of the three qualifying steps for the €25 welcome bonus. The regulatory structure is mainstream Spanish banking with full Banco de España and CNMV oversight, and the integration between the deposit side and the investment side is genuinely useful for users who already plan to do both. Tap the link, enter RBJqh during onboarding, complete one of the qualifying steps, and the €25 lands in the account.