Rules of the Empower Referral Boost Program

Last Updated: April 5th, 2019

  • 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 1.40% per annum Cash Reward on up to $50,000 of savings account balance. The 2% per annum Cash Reward is in addition to the 1.40% APY that is paid on Empower savings accounts.
  • Boost rewards are paid out at the end of each boost period.
  • 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.

Terms of the Referral Boost Program

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.