What is Empower cash advance?

Yes, Empower offers cash advances up to $400 with no interest or late fees. New users typically get around $96 on average, while returning users might access up to $167. To use this feature, you'll need to be on their $8 monthly subscription, which also gives you access to other financial tools they offer. Repayment is automatically withdrawn from your linked bank account on your next payday. If their withdrawal causes an overdraft, they'll reimburse any overdraft fees. The standard delivery option is free and gets you the money in about 1 business day. If you need the cash faster, you can choose instant delivery for a fee ranging from $1 to $8 (or 3% for amounts over $300), and you'll receive the funds within 15 minutes to 2 hours.

Some of the Empower cash advance requirements include:

1. Age: Be at least 18 years old.
2. Residency: Live in a state where Empower Cash Advance is available. It's not available in Connecticut, Maryland, Maine, or Washington, D.C.
3. Income: Have a consistent source of income deposited into your primary checking account.
4. Transaction history: Have a transaction history that shows regular income deposits and responsible spending habits.

Empower will review your transaction history to determine your eligibility and the maximum cash advance you can receive. No credit checks are required, so your credit score won't affect your eligibility.

On top of the cash advances that Empower offers, and if you're willing to pay the $8 monthly subscription fee, there are several other features that you might find useful.

Empower Thrive Line of Credit

Empower Thrive provides a line of credit ranging from $200 to $400, which can increase up to $1,000 over time. You can repay at your own pace, and your payments are reported to credit bureaus, helping you build a good credit history. This feature offers flexibility in managing repayments and can enhance your credit score through responsible use.

Empower Debit Card

The Empower debit card comes with no minimum balance requirements and allows you to earn 0.01% APY on your balance. You can receive your paycheck up to two days early and earn up to 10% cashback on select purchases. It's a straightforward way to make the most of your everyday spending.

Financial Management Tools

Empower offers several tools to help you manage your finances effectively. The AutoSave feature lets you set a weekly savings goal, and the app automatically sets aside funds when you can afford it, making saving effortless. With the budgeting tools, you can customize your budget categories, monitor your spending in real-time, and receive alerts on paychecks, bills, and purchases. The app also provides spend tracking and smart recommendations, automatically categorizing transactions and offering proactive tips to help you earn more and uncover extra savings.

Credit Score Monitoring

Within the app, you can sign up to track your credit score seamlessly. You'll receive monthly credit score updates and helpful tips to improve your score, empowering you to make informed financial decisions. It's a convenient way to stay informed about your credit status and understand how your financial habits impact your score.