Empower Banking App Review 2023

Empower is a mobile banking app that aims to simplify personal finance tasks with innovative solutions and a user-friendly interface. In this blog post, we will know all aspects of the Empower Banking App so that you can decide if it’s the right fit for you.

Key Takeaways

  1. All-in-one Financial App: Empower is a comprehensive financial app, combining personal finance tools such as budgeting, saving, and customized financial advice in one place.
  2. Free Basic Plan: There are no monthly fees for the basic version of the app. However, the Premium plan costs $8 per month and offers additional benefits.
  3. User-Friendly Interface: The app is designed with a simple, user-friendly interface which makes it easy to navigate and manage financial transactions.
  4. Zero Balance Requirement: There are no minimum balance requirements for the Empower account.
  5. Personalized Financial Coaching: With their financial coaching feature, Empower provides personalized financial advice to its users.

What is Empower?

Empower is a finance-focused technology company based in San Francisco. They offer banking services through a mobile app, encompassing budgeting tools, saving features, and personalized financial advice. With their easy-to-use banking platform, Empower aims to revolutionize how people manage their money.

What Sets Empower Apart

One key aspect that makes the Empower Banking App stand out is its versatility. Empower offers a variety of banking, budgeting, and saving features within the app, eliminating the need to maintain several different financial apps or accounts. By integrating all these tools, Empower essentially provides an all-in-one solution to manage your finances from the comfort of your phone.

Empower Features

Empower Deposit Account and Debit Card

When you sign up for an Empower account, you get access to their FDIC-insured deposit account and an elegantly designed debit card. The debit card is accepted in most places and comes with no monthly or annual fees. The deposit account has no minimum balance requirements and no overdraft fees. Adding funds to your account can be done via direct deposit, mobile check deposit, or bank transfer.

Empower AutoSave

Empower AutoSave is a smart way to automatically save money for financial goals or emergencies. It scans your income, spending habits, and bills to help create a customized savings plan. Empower then transfers small amounts of money on a weekly basis to your AutoSave account. You can withdraw these funds at any time without any fees or penalties.

Empower Spend Tracker and Budgeting Tool

The Spend Tracker functionality categorizes your expenses in real-time, allowing you to visualize where your money goes. Empower’s budgeting tool helps you set spending limits on each category, and the app sends you alerts when you approach those limits.

Empower Cash Advance

Empower offers a cash advance feature that allows users access to short-term cash when they need it. This feature provides up to $250 cash advance, which you are required to pay back within 30 days. The cash advance option comes with no additional fees, and the amount you can access depends on factors such as your income and account history.

Empower Financial Coaching

With Empower, users receive human-assisted AI financial coaching, which connects you with human coaches trained to answer your questions and provide financial advice. The feature is chat-based and offers insight into topics like budgeting, managing credit, saving money on subscriptions, and more.

Empower App Interface and Usability

Empower’s clean and minimalistic interface makes it easy to navigate the app. The app is designed to provide a smooth experience, ensuring that every feature is accessible with a few clicks. Empower’s visual representations make insights more digestible, and the app offers push notifications for crucial alerts and updates.

Subscription, Pricing, and Fees

Empower is available in two tiers: the Basic and Premium plans. The Basic plan provides access to most of the features but lacks some premium options like the personalized financial coach and the cash advance feature.

The Premium plan costs $8 per month, unlocking all features available in the app. There are no additional fees for ATM withdrawals as Empower belongs to a network of 37,000+ Allpoint ATMs.

Empower Customer Support Options

Empower offers responsive in-app customer support, accessible via their chat feature. Chatting with their support team ensures you get the assistance you need without having to make any phone calls or send emails.


  • Comprehensive personal finance platform.
  • No monthly fees with the Basic plan.
  • No minimum balance requirements.
  • Attractive cash advance feature with no additional fees.
  • Human-assisted AI financial coaching.
  • Integration with other mobile banking apps like Venmo and Square Cash.
  • Access to 37,000+ Allpoint ATMs nationwide.


  • Subscription fee for access to Premium features.
  • Currently unavailable outside of the United States.
  • No joint accounts available.
  • No interest-bearing accounts.

Who is Empower Best Suited For?

Empower’s range of services makes it an ideal banking app for those who seek a comprehensive tool to manage their finances. It’s ideal for individuals looking for a modern, user-friendly, and feature-rich platform that consolidates multiple financial features like budgeting, saving, and financial coaching.


The Empower Banking App offers a modern and versatile solution for personal finance management, with features tailored to simplify saving, budgeting, and gaining financial control. Although the Premium option comes with a monthly fee, the range of features and expert financial coaching available in the app could make it worth the investment.

As with any financial decision, it’s essential to thoroughly research personal finance platforms and weigh pros and cons against your financial needs and goals. Empower presents a strong option to consider for a streamlined and efficient financial management tool.


Is Empower FDIC Insured?

Yes, Empower is FDIC insured up to $250,000.

How much does it cost to use Empower?

Empower offers a free version of their app. However, to unlock all features, users need to pay for a Premium subscription, which costs $8 per month.

How does Empower make money?

Empower earns money through the subscription fees collected from its Premium users.

How does the cash advance feature work?

Empower’s cash advance feature allows users to access up to $250 cash with no additional fees depending upon factors such as income and account history. Users are required to pay back this cash advance within 30 days.

Does Empower have customer service?

Yes, Empower offers responsive in-app customer support that is accessible via a chat feature.

Are there any geographical restrictions to using Empower?

Currently, Empower is only available to users in the United States.