Empower logo


Official Website: https://empower.me/
Platforms: Web | Android | iOS
Account Types: Personal Checking
Partner Bank: NBKC via Q2/StoneCastle (Evolve Bank & Trust via SynapseFi for accounts opened before Jan 1st 2020)
Minimum Account Balance: $0.00
Lowest Monthly Fee: $0.00
Headquarters: San Francisco, CA

Features: Automatic Savings, Budget Tracking, Smart Recommendations for Saving, Interest Checking, Cash Advance for Emergencies

Empower is a US challenger bank whose stated goal is to build the world's best mobile banking experience.

Founded in 2016 by former Sequoia Capital partner, Warren Hogarth, Empower aims to build the world's best mobile banking experience which is, of course, subjective.

To differentiate themselves from their peers in the US neobank space, Empower offers automated savings to put money aside for larger purchases, a Budget Tracking feature to set spending limits and cut unnecessary expenses, Smart Recommendations to get personalized tips on where and how to save, and up to $150 in cash advances when you Direct Deposit your paycheck.

Unlike many other neobanks offering checking accounts, Empower offers an interest-bearing checking account.

Their website also features a Money Psychology Quiz to help consumers determine their financial personality.