No way! You work hard for your money and should know where every penny is going. Here’s a breakdown of fees Empower charges so you know exactly what to expect. You can also check out our fee schedule here.
Subscription Fee
Empower charges an $8** auto-recurring monthly subscription fee to use the platform. The subscription fee is automatically debited from your linked external bank account every month. See terms here.
Remember! Deleting the app does not unsubscribe you. You can cancel your subscription in the app or by contacting our support team.
Empower Card
Foreign transaction fees
Empower Card customers pay foreign exchange fees, which are charged on international transactions. The fee is 1% of the total transaction amount. See the nbkc deposit account agreement here for more information.
Cash Advance
There are no interest or late fees associated with Cash Advance.
Instant Delivery Fees
There is no fee to receive your Cash Advance via ACH to your linked external bank account. Delivery usually occurs within 1 business day (next day ACH), but may take between 2-5 days, depending on your bank.
Customers with a qualifying Empower Card can receive their Cash Advances to this account instantly without paying a fee.
If you choose Cash Advance instant delivery to your linked external bank account, you will pay the following fees:
| Cash Advance Amount | Instant Delivery Fee |
| $0-$10.00 | $1.00 |
| $10.01-$49.99 | $2.00 |
| $50.00 - $74.99 | $3.00 |
| $75.00 - $99.99 | $4.00 |
| $100.00 - $149.99 | $5.00 |
| $150.00 - $199.99 | $6.00 |
| $200.00 - $249.99 | $7.00 |
| $250.00 or more | $8.00 |
Thrive
The Thrive line of credit is currently available only to select customers. It is scheduled to be released to a larger audience in late 2023. If you are a current Thrive customer, here are the fees you need to know about.
Instant Delivery Fees
If you choose to receive your draw instantly to your external bank account, you'll pay an instant delivery fee that is equal to 5% of the draw amount.
For example, if you draw $200 from your line of credit and choose instant delivery, you'll pay a $10 instant delivery fee.
Interest Charges
Empower gives customers the opportunity to select a repayment plan that works for them. If, at the time of your draw, you select to repay your draw in full on your next paycheck date (shown in the app), you'll be charged 0% APR (no interest). If you select to manually schedule your repayment date or select the "Split in Two" automatic repayment option, you will accrue interest at an APR of 35.99% or as otherwise required by state law.
Late Fees
You'll pay up to $20 per late fee. Late fees are equal to 5% of the overdue principal amount, not to exceed $20.
For example, if your overdue principal amount is $50, you'll be assessed a late fee of $2.50.
**Customers that signed up prior to 7/29/2020 will continue to pay $6 monthly for their subscription.