Empower is an online bank that does not offer any physical branches to visit. They are headquartered in West Memphis, Arizona. You can use Empower’s basic account features and consider upgrading to unlock the new perks with a monthly fee. Plus, there are many different options for a free checking and savings account.
Use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, Bank of America, and many more.
Read below for more information on Empower and what they have to offer.
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: Own an active Empower account to make referrals. Then, you and your friends can get $20 when they open an Empower AutoSave or Empower High-Interest Checking Account. Then, they must transfer a minimum of $10. Your referral must:
- Download the Empower app with your referral code.
- Make an account and open an Empower AutoSave or a checking account with a balance more than $10.
- When it expires: Not listed
- Here are the referral program terms and conditions.
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| Additionally, you can take advantage of some of the best offers available for entry level checking accounts such as Chase Total Checking ($225 Bonus), Wells Fargo Checking ($200 Bonus), Citi Priority Account (Up to $1500 Bonus), Discover Cash Back Debit (Up to $360 Bonus), Chase Secure Banking ($100 Bonus), Aspiration Spend & Save Account ($150 Bonus), as well as TD Bank Convenience Checking ($150 Bonus). |
How to Earn the Bonus Offer
Own an active Empower account to make referrals. Then, you and your friends can get $20 when they open an Empower AutoSave or Empower High-Interest Checking Account. Then, they must transfer a minimum of $10. Your referral must:
- Download the Empower app with your referral code.
- Make an account and open an Empower AutoSave or a checking account with a balance more than $10.
Typically, Empower is free for the first 30 days, then $6 a month to access all of the money management perks in the app. This also includes automated savings, simple budgeting, and spend tracking. Plus, it comes with smart recommendations, human coaches, etc.
- 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.
Conclusion
Overall, when you have an active account open with Empower, you’ll be able to make referrals to earn $20. Once your friend makes an eligible account, both you and your friend will receive the referral bonus. Plus, there are many neat perks that comes with these accounts as well.
