The Empower application delivers a practical financial remedy for gig workers and individuals requiring adaptable financial management due to variable income. It offers cash advances with less stringent requirements compared to conventional banks, facilitating swift access to funds without credit evaluations or exploitative fees. Empower includes features such as budget trackers, credit oversight, and additional tools. It collaborates with NBKC Bank for mobile banking services and with FinWise Bank for its Thrive program, which assists users in building credit. Empower provides cash advances of up to $250 with no interest, fees, or credit assessments, and a debit card for accessing funds and earning cash-back rewards. Thrive, the credit-enhancing line, offers up to $1,000. Empower implements an $8 monthly charge following a complimentary 14-day trial, with no extra cash advance costs. Users can arrange repayment directly from their bank accounts. Empower assesses eligibility via bank account data. The platform also offers credit score tracking, budgeting tools, and automatic savings options. Alternatives encompass Dave, Earnin, and MoneyLion, which provide comparable cash advance services. Empower ensures data protection and offers customer assistance through email and phone. The app receives high ratings from users but faces some criticism over its fees and customer service. Advantages include flexible standards, rapid access to funds, and financial tools, while downsides highlight smaller loan amounts and subscription charges. Empower backs US-based customer service and presents trial and referral rewards.
