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- Rated 4 stars
- Excellent
- Empower Banking Offers
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Empower is an internet-only banking institution and does not have physical branch locations. They are headquartered in West Memphis, Arizona.
See our bank offers page for other offers. Top offers can be found from TD Bank, Chase Bank, Bank of America, HSBC Bank, BBVA and many more.
Empower started out as an app that provides financial assistance to help you save, build credit, and track your accounts in one place. Here’s a few things Empower helps with:
- Check account balances & 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 bills and renegotiate to save (utilities, mobile, security)
- Review subscriptions you’re paying for
- Transfer money for free between any U.S. bank accounts
- Pay your credit card bills directly from the app
- Get heads-up notification to protect your credit score
It is free to use Empower’s basic account features, and you can decide to upgrade to unlock new features for a monthly fee.
It looks like they have good options for a free Checking and a free Savings account.
Empower Give $20, Get $20 Bonus Referral Offer
- What you’ll get: $20 per qualified referral
- Where it’s available: Nationwide
- How to earn it: You’ll need to have an active Empower account to make referrals. You and your friend can both get $20 when they open up an Empower AutoSave or Empower High-Interest Checking account and transfer at least $10. Your referral will need to:
- Download the Empower app from the App or Play store using your referral link
- Create an account and open an Empower AutoSave or Checking account with a balance over $10
- When it expires: Not listed
- See the referral program terms here
There are several offers I’d recommend comparing this one to. A few great entry level Checking accounts with bonus offers include the Chase Total Checking® ($200 bonus), Bank of America Advantage Plus Banking® ($100 bonus), TD Bank Convenience CheckingSM ($150 bonus), BBVA Online Checking ($200 bonus) and HSBC Advance Checking (up to $240 bonus).
How To Earn The Bonus
You’ll need to have an active Empower account to make referrals. You and your friend can both get $20 when they open up an Empower AutoSave or Empower High-Interest Checking account and transfer at least $10. Your referral will need to:
- Download the Empower app from the App or Play store using your referral link
- Create an account and open an Empower AutoSave or Checking account with a balance over $10
The Empower experience is free for the first 30 days, then $6 per month to access all of the money management features in the Empower app, including automated savings, easy budgeting and spend tracking, smart recommendations, human coach, and more.
- To participate in the program, the referrer must be an active Empower subscriber, and the referee must be a new and active Empower subscriber.
- The referrer must use their unique referral link in order for Empower to measure and attribute new customer leads.
- A successful referral is defined as a referee who: (i) is a new and active Empower subscriber, and (ii) uses the referrer’s unique referral link to sign up and open an Empower AutoSave account or Empower Checking account, and (iii) reaches a balance milestone of at least $10 in either their Empower AutoSave account or Empower Checking account within 30 days of signing up.
- Empower will deposit $20 into the referrer’s Empower account or External Bank Account and $20 into the referee’s Empower account on the last day of the month following the month in which the successful referral was completed.
- Referees and referrers who close their Empower accounts before the scheduled reward payout, make a deposit that results in a reversal from their bank, or have Empower accounts that are inactive for non-payment will not qualify for the reward.
- Empower reserves the right at any time to terminate this program, modify various parts of this program, and refuse or recover any reward payouts if Empower determines in its sole discretion that any of Empower’s Terms of Service have been violated by the referrer or referee.
The best bank promotions are updated here. Start with these pages for good offers:
| OFFER LINK | OFFER | OUR REVIEW |
| Chase Total Business Checking® | $300 Cash | Review |
| Chase Premier Plus Checking℠ | $300 Cash | Review |
| Chase Total Checking® | $200 Cash | Review |
| Chase Savings℠ | $150 Cash | Review |
| Bank of America Checking | $100 Offer | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| HSBC Premier Checking | $450 Cash | Review |
| HSBC Premier Checking | Up To $600 | Review |
| HSBC Advance Checking | $200 Cash | Review |
| HSBC Advance Checking | Up To $240 | Review |
| BBVA Checking & Savings | Up To $250 | Review |
| You Invest℠ by J.P. Morgan | Up To $725 | Review |
| Ally Invest | Up To $3,500 | Review |
| Betterment | 1 Year Free | Review |
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