Empower Checking Account
Empower Checking Account
in Checking Accounts from Empower · Member FDIC

Empower Checking Account

in Checking Accounts from Empower · Member FDIC
Not enough votes for recommendation

Not enough votes for recommendation

Explore a similar product
Try this top product in Checking Accounts.
First Tech Rewards Checking®
First Tech Rewards Checking®

Rating not yet determined  

1 reviews
Cashback Rewards N/A
APY (Annual Percentage Yield) 2.60%
(Verified 10/13/2022)
Monthly Fee $0
(Verified 10/13/2022)
Minimum Balance to Avoid Monthly Fee N/A

Empower Checking Account Review

Empower Checking Account is offered by Empower, founded in 2009 and based in San Carlos, CA. Empower Checking Account are available in 50 states (and Washington, DC).

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 2.60%, which is much higher than the average for a checking account.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • No minimum initial deposit. There is no minimum balance required to open an account online.

Empower Pros & Cons

Pros Cons
  • Available in all 50 states.
  • High variable APY.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card

Empower FAQ

Are checking accounts from Empower federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Empower offer?

Empower Checking Account Rates & Terms
APY (Annual Percentage Yield) 2.60%

Empower offers an APY of 2.60% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What are the account minimums for Empower?

Empower does not require a minimum initial deposit.

Empower Checking Account Minimums
Minimum Opening Deposit $0

What fees does Empower charge?

The good news is that this account does not have a monthly Service Charge.

Empower Checking Account Fees
Monthly Fee $0

What features and perks does Empower offer?

This account includes the following features:

What is the customer support email for Empower?

The customer support email for Empower is

SuperMoney Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.


Hours of Operation

  • Sunday All Day
  • Monday All Day
  • Tuesday All Day
  • Wednesday All Day
  • Thursday All Day
  • Friday All Day
  • Saturday All Day

Other Services by Empower


  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit $0
Monthly Fee $0
(Verified 10/13/2022)
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Proof of Identity
  • Proof of Residence
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • No Monthly Maintenance Fee
  • Member FDIC
APY (Annual Percentage Yield) 2.60%
(Verified 10/13/2022)

Be the first to rate


Would you recommend Empower Checking Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Checking Accounts