Empower is an online banking account that is offering $50 signup bonus for the month of April. The major catch is that you’ll have to get invited via SMS.
You can email me at travelinpoints@gmail.com with your phone number and I’ll SMS you the invite. Thank you for supporting the blog in advance!
Offer in Two Sentences
Referred user gets $50 after depositing paycheck of $500 or more. This is in addition to 4.30% boosted APY (normal 2.25%) and 2% boosted debit card cashback (normal 1%) on purchase of up to $1000 a month.
You may read complete T&C below or in this official link.
Rules of the April 2019 Promotion
- You can earn more rewards by inviting friends to Empower banking.
- You earn $50 for each referred friend that opens an Empower bank account and deposits a paycheck of $500 or more.
- Your friend must open an Empower account in the month of April (4/1/19 – 4/30/19) and deposits a paycheck of $500 or more within 60 days of opening an account.
- Your referred friends also each get $50 for opening an Empower bank account and depositing a paycheck of $500 or more.
- The referral incentives will be paid on the 1st of the month following the direct deposit (e.g., if your friend completes the direct deposit on 5/10/19, it will be paid by 6/1/19).
- This referral bonus is incremental to the Empower Referral Boost Program.
- Invite friends by logging in to your Empower app and sending an invite SMS to your friends.
- The phone number you text must be the same phone number that your friend signs up for Empower banking with to be eligible.
- The invited friend cannot be an existing or previous Empower banking customer, nor can they have been invited by someone else in the past.
Rules of Regular Referral Program
- You can earn more cash rewards by inviting friends to Empower banking.
- You earn 30 days of boost for each referred friend that opens an Empower bank account and deposits at least $10.
- Your boost will start the first day the funds clear into your referred friend’s account. If you are already receiving a boost, your boost for any subsequent qualifying referrals will start once any prior boosts conclude. (i.e. invite 3 friends and your can earn three consecutive 30 day boosts).
- Your referred friends each get a 30 day boost starting the day their deposit of $10 or more clears into their Empower account.
- During each 30-day boost, each person will earn an additional 1% cashback on the first $1,000 of their debit card transactions during the boost period and an additional 2.15% per annum Cash Reward on up to $50,000 of savings account balance. The 2% per annum Cash Reward is in addition to the 2.15% APY that is paid on Empower savings accounts.
- Boost rewards are paid out at the end of each boost period.
Closing Thoughts
I actually use Empower. Their support is nice but it took them pretty good deal of time to fix an issue I had but at least they were communicating with me.
Anyway, $50 bonus is pretty nice for an app I use anyway. I’ll signup my family members to it…why not? If you were thinking about trying Empower then this is a pretty good time to do so. If you were thinking about referring family members to Empower then this is an excellent time to do so.
