Empower is a free money management app for iOS and Android devices that helps you track all of your finances in a single location with a variety of tools and features available including automatic savings, expense categorization, bill management, money transfers, unwanted subscription cancelation, credit score tips and more.
Earn $10 Empower Bonus: Click this $10 Empower Promotional Link to get $10 free when you open and fund your Empower account with $50+. The deposit must clear by 11:59 PM PT on 8/31/2019. The $10 payout will appear in your Empower account on or around 9/4/2019. Only Empower customers funding your account for the first time are eligible.
In addition to helping you manage your money, Empower offers an interest-bearing checking account and debit card that provides 1.90% APY savings plus 1% cash back on up to $1,000 of debit purchases every month with no fees or minimums.
On top of that, when you participate in Empower’s Referral Program, you will get a 3.80% APY savings boost and 2% cash back for 30 days with every qualified referral.
Empower gives you access to personalized financial coaching and a smart AI assistant to help you reach your financial goals, including paying off student loans, saving for a new home, raising your credit score, and more.
About Empower Banking: 1.90% APY and 1% Cash Back
- Earn 1.90% APY on All of Your Money.
- Earn 1% Cash Back on up to $1,000 in Debit Card Purchases Per Month.
- Earn 2X Interest and Cash Back for 30 Days When You Refer Friends.
- No Account Fees, No Minimums, and No Terms.
- No Foreign Transaction Fees.
- 25,000+ Free ATMs Nationwide.
- 1 Out-of-Network ATM Reimbursement Per Month.
- FDIC Insured up to $250,000.
After you sign up for the Empower App and gain access to the free money management features, you have the option to also open an Empower checking account by clicking the “Get Empower Banking” button under your Profile.
There are no monthly maintenance fees and no minimum deposit requirements for the Empower checking account and debit card.
All of the money that you put into your Empower account will earn a 1.90% APY that is compounded daily and paid out at the start of each month.
You’ll also receive a debit card that provides 1% cash back on the first $1,000 of debit card spend each month.
Your debit card cash back earnings will be paid out around the 4th calendar day of the following month.
You can also get an Empower Banking Boost for completing certain activities.
Empower Banking Boost: 2% Cash Back and 3.80% APY Savings
The standard rates for Empower banking are 1% cash back on the first $1,000 in debit card purchases each month and 1.90% APY on all of your checking account balance.
However, for every person you successfully refer to Empower, you will receive a 30-day boost that doubles your rewards to 2% cash back on debit card purchases and 3.80% APY on your savings.
Having an active boost will bump your cash back from 1% to 2% and your savings rate from 1.90% to 3.80% (on the first $50,000 deposited).
You can earn a 30-day boost by: submitting a successful referral to Empower; and by participating in Empower promotions.
Each boost that you earn lasts for 30 days, and any boost rewards earned during this time will be paid out at the end of the 30-day boost period.
Empower Referral Program: Earn Banking Boosts
For each person that you refer to open an Empower checking account, you will earn a 30-day Empower Banking Boost.
You can refer new members by clicking on the “Boost” button that is located between the “More” and “Transfer” icons in your Empower Banking view in the app.
There is also a “Boost” tab on the bottom corner of your Empower App.
Please feel free to share your Empower app referral links along with your experiences using the Empower service in the comments below this article for other readers to use.
About Empower Money Management App
Empower helps you keep up to date with your finances, get personalized recommendations to help stretch your money further, and discover ways that you can save hundreds of dollars each year.
It’s absolutely free to create your Empower account and use their service by downloading their free app that is available for iOS or Android devices.
Empower supports over 10,000 U.S. bank, credit card, loan, investment, and 401(k) accounts, so you can manage all of your financial accounts in a single location.
Empower App Features and Services
- Check Account Balances and Track Your Spending.
- See Where Your Money Goes, with Expenses Automatically Categorized.
- Automatically Save to Build Wealth or Pay Down Credit Debt.
- Find a High-Interest Savings Account.
- Manage and Renegotiate Better Deals on Your Bills.
- Review and Cancel Unwanted Subscriptions.
- Transfer Money for Free between Any U.S. Bank Accounts.
- Pay Your Credit Card Bills Directly from the App.
- Get Personalized Advice for Protecting Your Credit Score.
Empower gives you a simple financial snapshot that allows you to see all of your account balances and track activity across bank, credit, loan, and retirement accounts.
All of your spending is automatically categorized by Empower, so that you can easily review your spending at any time using their Custom Reports.
Empower also helps you find “free money” and opportunities to save with the Empower Savings Checkup that analyzes your accounts for ways to save more money.
You can get additional savings by having Empower renegotiate your bills for you on your behalf, cancel unwanted subscriptions, or even open a high-interest savings account.
If you’re in debt, you can use Empower to set up automatic savings and pay down your debt with AutoSave, or find better loans and refinance to lower your interest rates.
You can even stay on top of your money without having to log in to your Empower account with intelligent notifications.
Empower uses state-of-the-art security measures like AES 256-bit encryption, multi-factor authentication, and PIN code to protect your account, and your sensitive personal information is fully encrypted using SSL.
You may also be interested in the Personal Capital $20 Referral Bonus for an online way to manage all of your finances.
Take advantage of the Empower free money management app to control all of your financial accounts in a single location.