Rules of the Empower Referral Boost Program
Last Updated: Feb 6th, 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 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.
- 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