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Empower: Bank, Budget & Save

See also: Top 20 alternatives to Empower: Bank, Budget & S

 7979 votes - Finance - First release: 2017-05-09T01:27:45Z


Description - 4+

Save and bank better with a financial expert in your pocket. Our budgeting tools, human coaches and expert tips let you master your money like a pro. 

Join the 650,000+ people who have downloaded Empower to prepare for the future, budget wisely, and crush their financial goals. Let’s break it down:

Automated saving 
Save $1,500 or more every year, without even trying. Set your weekly savings target, and Empower will study your income and spending and automatically knows when to save the right amount of money at the right time.

- Empower deposits are FDIC insured up to $250,000
- Access your money at anytime
- Unlimited withdrawals
- No account minimums

Painless budgeting and spend tracking
Whip up budgets that reflect your lifestyle and get notifications on how your bills and purchases are tracking to plan.

- Customizable budget categories
- Weekly or monthly spend limits
- 24/7 alerts on $ left to spend
- Monthly reports

Expert tips 
Empower keeps an eye on your money so you don’t have to. Sit back, relax, and we’ll tell you when and how to make better financial choices. We’ll notify you about these (and more):

- Account alerts – Empower notifies you about bank fees, bill increases, missed bills, credit utilization, new ways to save, and more
- Subscription management – Empower shows you all of your subscriptions and helps you cancel any you're not using anymore.
- Bill negotiation – Empower negotiates your phone, cable and internet bills to get you better deals.

Human coach
Our human coaches are always here to help you through any financial challenge. Think personalized tips to steer you in the right direction. 

Checking account
Enjoy a checking account with an APY that's higher than traditional banks. Make more money on your money — spend it, save it, you choose. We’ll make it grow.

- 0.25% APY on all your money
- Debit card with 24/7 alerts on all transactions
- 3 monthly ATM fee reimbursements
- Empower deposits are FDIC insured up to $250,000
- No account minimums
- No overdraft fees
- No insufficient funds fees
- Feature to lock/unlock your card in app

Data privacy and security
Your personal data belongs to you, and you alone. We would never share or sell your information to another party. And we keep your money safe and sound with the latest-and-greatest bank-grade security features and protections, like:

- AES 256-bit encryption
- Multi-factor authentication
- Touch/Face ID

Love for Empower.
Recognized by Apple in "New Apps We Love" and by Time Magazine in "Best Apps of the Year So Far." Featured in Forbes, The New York Times, Business Insider, TechCrunch, and USA Today.

For more information, visit empower.me.

Banking services for new accounts provided by nbkc bank, Member FDIC. 0.25% Annual Percentage Yield (APY) may change at any time. APY as of March 19, 2020. Empower charges an auto-recurring subscription fee of $6 for access to the full suite of money management features offered on the platform after your first 30 days.

Empower does not charge foreign transaction fees for the use of the Empower Visa Debit Card outside of the US. However, Visa charges a foreign transaction fee of 1%. Empower does not reimburse this 1% transaction fee on foreign ATM transactions or on any other foreign transactions or purchases.

Annual savings through our AutoSave feature may vary based on the customer’s savings selection and financial circumstances.