Empower Money Advance App Overview 2024

The Empower app sticks out within the fintech scene as a realistic resolution for gig employees and others who want a versatile technique to arrange non-public price range and once in a while inconsistent source of revenue.

It’s identified for providing coins advances with extra lenient necessities than normal banks and different identical coins advance apps. Empower supplies fast get entry to to coins with out the trouble of a credits test or paying predatory payday lender charges.

This Empower overview will duvet how coins advances and different Empower app options paintings. We’ll inform you what you wish to have to find out about this product and commonplace reader questions — together with different identical mortgage merchandise.

What’s the Empower App?

Empower is a cellular cash control app that provides coins advances to employees who want a small advance ahead of payday.

The quantities are smaller than what different apps might be offering, however Empower is understood for its rapid-fire pace in getting customers their cash straight away, in addition to its thinner credits necessities.

Past small coins loans, Empower is a flexible fintech cellular app. Empower options finances and spend trackers, credits tracking, and different gear to assist customers get monetary savings and arrange their price range extra successfully.

Empower isn’t a financial institution itself. It does be offering some cellular banking services and products via NBKC Financial institution, Member FDIC, and Empower Thrive is supplied via FinWise Financial institution, Member FDIC.

How the Empower App Works

The Empower app gives 3 (3) number one services and products:

  • Money advances: Get an advance of as much as $250 and not using a curiosity, no charges, and no credits test. The money is deposited into the similar checking account the place your paycheck is deposited, or onto your Empower debit card.
  • Thrive: A credits line designed to (re)construct credits, get a credits line beginning at $250 that may be raised to $1,000. There’s no minimal credits rating required for Thrive and on-time fee historical past is reported to Equifax and Experian. Month over month, accountable debtors can get entry to an more and more upper restrict.
  • Debit card: The usage of the Empower Card manner you’ll be able to get quick get entry to to coins advance finances and receives a commission up two (2) days faster when you have direct deposit arrange. There also are cash-back rewards of as much as 10% for purchases made with the cardboard.

Charges, Withdrawals, Compensation

Empower gives customers a unfastened 14-day trial, after which there’s an $8 per thirty days subscription commission to make use of the app. For coins advance customers, there are not any further curiosity or overdue charges.


For the Empower Thrive line of credits, the APR is 0% when you repay the road of credits in complete ahead of your subsequent paycheck. In a different way, the APR is 35.99% (aside from the place native state rules require a unique price). Neglected bills might incur overdue charges and different fees.

Get right of entry to to Price range

If licensed for a coins advance, the cash is transferred in your checking account or your Empower debit card. There’s no commission for a typical ACH switch in your checking account which might take as much as 5 (5) industry days to transparent. (Some debtors gets the finances inside of 1-2 days.)

There could also be an quick supply possibility for finances to be expedited in your common checking account.

Immediate Supply Quantity | Charge

  • $0-$10.00 | $1.00
  • $10.01-$49.99 | $2.00
  • $50.00 – $74.99 | $3.00
  • $75.00 – $99.99 | $4.00
  • $100.00 – $149.99 | $5.00
  • $150.00 – $199.99 | $6.00
  • $200.00 – $249.99 | $7.00
  • $250.00 or extra $8.00

For Empower Thrive, charges are $1 to $8 for as much as $300. After $300, the price is 3% or $20 — whichever is much less.


Compensation for an Empower Money Advance is mechanically debited out of your checking account on payday or different scheduled date.

For Empower Thrive, you’ll be able to arrange custom designed fee choices.

Eligibility Necessities

Whilst there’s no credits test for coins advances, the Empower app does believe different knowledge to resolve your talent to pay off a mortgage. It’s going to overview knowledge from an externally connected checking account equivalent to paycheck quantities and spending conduct, and come to a decision what quantity you’ll be able to borrow. If licensed, you’ll be able to obtain an advance of $10 to $250.

Moreover, debtors will have to be 18 years or older, have a Social Safety quantity, and feature a checking account that’s a minimum of 30 days outdated.

Further Empower App Options

Past coins advances, the Empower app has many different financial savings and budgeting options that will help you track your spending conduct and credits rating, construct wealth, and reinforce your total monetary wellness.

Credit score Ranking Tracking

Empower app customers can view their credits ratings inside the app. Empowers displays an in depth breakdown every month of various sides, equivalent to invoice fee historical past or credits usage, that may affect your rating. The app will be offering personalised suggestions to extend your rating.

Budgeting Gear

Empower could also be one of the most highest budgeting apps you’ll to find. It displays your per thirty days bills and incoming deposits and offers you an in depth file of the place your cash goes. It assist you to set budgets throughout other spending classes, and supply indicators or reminders for paycheck deposits, expenses, and purchases in sure classes.

This perk is to be had for all Empower customers, even those that are connecting an exterior checking account to the Empower app.

Computerized Financial savings

The app’s autosave function makes it easy so that you can get monetary savings and incessantly develop your financial savings account or wet day fund.

Savers can use a handbook or AI possibility. With the handbook possibility, making a decision what greenback quantity from every paycheck Empower will have to mechanically put aside on your financial savings.

With the AI mode, you place a weekly financial savings purpose and the app will transfer cash out of your checking to financial savings within the most secure, best method conceivable. Its purpose is to put aside up to you’ll be able to manage to pay for to avoid wasting with out operating out of cash for different common bills.

Getting Began

If you need a coins advance from Empower, right here’s how you can get began.

  1. Obtain the unfastened app on Google Play or Apple. Many different apps have identical names. Be sure the app developer indexed is Empower Finance. Or obtain it from the Empower.me website online.
  2. Arrange your account. Supply your telephone quantity and look forward to Empower to ship you a verification code. Then give you the verification code, and enter your title, electronic mail deal with, birthday, and set a password.
  3. Attach an exterior bank account — make a choice the only you employ to obtain paycheck deposits.
  4. Request a coins advance and notice what advance quantity, if any, you’re licensed for.
  5. Select a supply strategy to get your finances. You’ll be able to make a choice the moment supply possibility, for a small commission, to get your finances inside of an hour.

Empower will withdraw the quantity they’ve complicated you, plus any specific supply charges, out of your checking account at the due date.

The account set-up procedure typically is going reasonably easily, alternatively, in some circumstances, you will be requested to supply further paperwork to ensure your id equivalent to a driving force’s license or army identity card.

Choices to the Empower App

There are lots of apps very similar to Empower that may additionally be offering a coins advance to customers who want a coins injection ahead of payday. 3 (3) different selection apps to believe are Dave, Earnin, and MoneyLion. All if those apps paintings on iOS or Android units.


This coins advance app will spot you as much as $500 to hide bills when you look forward to your subsequent paycheck.

There’s a $1 per thirty days club commission and further charges (of $3 to $25) to get your finances complicated at the identical day as an alternative of looking forward to the traditional processing time of as much as 3 (3) industry days.

Moreover, customers will have to open an ExtraCash account to be eligible for coins advances.


Some other standard coins advance app, Earnin, will advance you as much as $750 according to pay duration (or $100 according to day) for hours that you’ve got already labored. Earnin has no credits test necessities and gives a fee-free, interest-free advance. The development is mechanically repaid with a debit in your subsequent scheduled payday.

Earnin has no per thirty days subscription commission, however as an alternative, customers tip the corporate no matter they consider is truthful for the carrier they supply. The app is not going to file those bills to the credits bureaus, so it’ll no longer construct (or hurt) your credits rating.


Very similar to different coins advance apps, MoneyLion supplies interest-free coins advances and not using a credits tests. Preliminary coins advances, alternatively, get started out low. First-time debtors will qualify for simply $10. As you construct a historical past of repaying those advances, you’ll be able to free up upper quantities — as much as $500.

Customers will have to have a connected, exterior checking account and meet different elementary eligibility necessities.

MoneyLion additionally gives Credit score Builder Plus, a product very similar to Empower Thrive. It is a mortgage product that doesn’t require a troublesome credits pull. It’s intended as a device for shoppers to ascertain and construct a good credits historical past. To make use of Credit score Builder Plus, there’s a $19.99 per thirty days commission.

Up to now, Empower has no longer introduced normal promotions (i.e. coupon code to avoid wasting 15%) the best way chances are you’ll be expecting with retail apps. Then again, Empower does have its personal bonuses and incentives to inspire customers to take a look at and counsel the app.

Unfastened Trial

First-time shoppers can get a unfastened 14-day trial. On the finish of the trial, Empower will price an auto-recurring subscription commission of $8 per thirty days. You can not cancel our club after which join a brand new unfastened trial upon getting already had 14 days unfastened.

Referral Rewards

Refer pals to the Empower app and also you and your good friend will every get a $5 praise. To qualify, the good friend will have to settle for your invite, get started an Empower subscription, and settle for a coins advance inside of 30 days.

The bonuses are paid out inside of two (2) industry days after the referred good friend accepts their first coins advance.


Empower makes use of business highest practices to offer protection to your individual information from loss, misuse, or unsafe garage or get entry to. This comprises the use of multifactor authentication (MFA) strategies and information encryption.

Buyer Beef up

There are a few techniques you’ll be able to achieve Empower customer support.

  • E-mail: Ship messages to [email protected]
  • Telephone: Name 1 (888) 843-8967. Telephone traces are open 6 a.m. to a few p.m. PST Monday to Friday, aside from on vacations.
  • Useful resource library: Empower has a strong improve middle stuffed with articles and FAQs to troubleshoot problems and resolution the commonest consumer questions.

Buyer Critiques

Client reaction to the Empower app has been overwhelmingly certain. It has extraordinarily prime scores on Google Play and the Apple App Retailer (4.7 stars and four.8 stars, respectively, in keeping with over 300,000 overall opinions).

Critiques at the Higher Trade Bureau (BBB) web page are extra vital. Proceedings focus on shoppers unsatisfied with the $8 per thirty days subscription commission (for no longer canceling their unfastened trial in time). Additionally, many customers depart unfavorable opinions for Empower Retirement Making plans, a fully other entity owned via the Empower Annuity Insurance coverage Corporate of The usa, at the incorrect web page.

Listed here are some related opinions from actual customers of the Empower Finance (coins advance) app:

This app is unbelievable, to mention the least. $200 immediately despatched to you, a $7 quick switch commission, pay the $207 again in your subsequent paycheck. After effectively paying again an advance, you’ll be able to free up the facility to get Thrive which studies to the credits bureaus, builds credits historical past, is helping your credits rating climb, and lets in for upper advances as much as $1,000. the ONLY factor that might make Empower higher is that if you have to do break up bills (ie: borrow $1000 and pay again over the years.) In a different way it is absolute best!

Noble Williams, 5 stars, Google Play Retailer, 2/13/,2024

I am a go back and forth journalist. I wished cash as a result of financially the auto upkeep wiped clean out my meager checking account. I learn the opinions and selected Empower, they’re precisely as marketed… No surprises OR hidden charges. I took a bounce of religion. Empower maximum undoubtedly got here via for me. Completely, & with out reservation, I’d select them. They are a Corporate…no longer simply an app!

Clary Brazier, 5 stars, Google Play Retailer, 2/20/2024

One of the most ONLY mortgage apps that’s HONEST! I’ve been the usage of the app “Empower” now for approximately a month and up to now so excellent, I mainly have 0 lawsuits aside from for one. After I first were given introduced a coins advance it was once $10 which is comprehensible since I used to be a first-time buyer. I repaid on time and were given introduced every other coins advance for $25 which actually helped me…however now I’m on my 4th advance with Empower they usually nonetheless have no longer introduced me greater than $25 although my account is in excellent status…

Mikaylafrancis, 4 stars, Apple Retailer, 01/12/2024

Execs and Cons

We temporarily addressed probably the most execs and cons of the usage of the Empower app in our intro, however right here’s a deeper glance.


  • Flexibility eligible standards and not using a credits test: There’s no credits pull, onerous or cushy, to get an advance. The platform is extra excited about incoming source of revenue and a confirmed talent to pay off the quantity.
  • Advances are funded inside of someday: Empower debit card holders can get the finances inside of an hour. Different shoppers pays an extra commission to get the finances in an instant.
  • Gig employees and freelancers may additionally qualify. Those less-traditional employees are normally no longer ready to get entry to loans and identical monetary merchandise with favorable shopper phrases.
  • Budgeting and credit-building options. Many gear inside the app advertise monetary wellness and higher cash control.
  • A lot better selection to payday Payday mortgage merchandise are notoriously predatory, and price rates of interest as prime as 456% in some states.
  • Refunds customers if the app reasons an overdraft commission.


  • Loans are smaller than different coins advance apps. Different identical apps like Dave, MoneyLion, or Earnin, will advance as much as $500 to $750.
  • Per month subscription charges of $8. Nonetheless, that is a lot inexpensive than the curiosity you possibly can be charged for a payday
  • An empower card is wanted at no cost, quick coins advances. In a different way, it is important to pay a commission to get the development finances at the identical day asked.
  • No consumer notifications ahead of reimbursement Price range are withdrawn at the pre-agreed-upon date (payday), however there’s no reminder or alert ahead of this occurs. You’ll need to set your personal calendar alert.
  • Can take a little time for Empower to extend your licensed coins advance quantities. Within the app opinions, some customers state they can not get licensed for greater than $25 after repaying 4 (4) or more money advances in a well timed way.

Regularly Requested Questions

Listed here are probably the most maximum commonplace FAQs that readers have about the usage of the Empower app for coins advances.

Can You Agree with the Empower App?

Sure, Empower is a valid and protected app that has very good scores within the Google Play and Apple app shops. You’ll be able to learn opinions from 1000’s of subscribers who’re proud of the carrier that Empower supplies.

Moreover, Empower is a US-based corporate (headquarters in California) with US telephone and electronic mail improve.

How Lengthy Does It Take to Get an Advance from Empower?

In keeping with Empower’s website online, 98% of quick coins advances arrive inside of quarter-hour, frequently sooner.

They do warning that it will take as much as two (2) hours to obtain an quick fund request.

For the standard coins advance, it could actually take as much as 5 (5) industry days alternatively maximum debtors gets their finances inside of one (1) industry day.

How A lot Will I Qualify for with Empower?

At the present, the typical borrower qualifies for a coins advance quantity of $140. Advance quantities vary from $10 to $250 in keeping with Empower’s eligibility standards.

Why Did Empower Decrease My Money Advance?

Empower can alternate or decrease your standard coins advance quantities in keeping with any adjustments (they expect) on your talent to pay off the development. They’re going to glance over your checking account transaction historical past, reimbursement process, drops in source of revenue, or will increase in spending.

How Do I Use Empower With Money App?

You’ll be able to use Empower with Money App and different digital wallets and cellular fee platforms like Venmo.

  • Log into your cellular fee carrier account.
  • Hyperlink your Empower account via the usage of your telephone quantity and passcode.


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