Elevault – Mobile Banking 4+

Elevate your wealth‪.‬

Southern Bancorp

Designed for iPhone

    • 4.0 • 36 Ratings
    • Free

iPhone Screenshots


Elevault is an all-in-one wealth-building app designed to put you in control of your finances.

Elevault has no overdraft or monthly fees. We’re here to help you BUILD your wealth, not nickel and dime you with a bunch of fees.

Many places let you earn interest daily, but Elevault PAYS you interest daily.
(*Interest is paid daily when the user earned at least $0.01 in interest.)

Elevault's Vaults are sort of like traditional checking accounts, but you can create, edit, and delete them with just a tap. You can create an UNLIMITED number of Vaults, for whatever you want. Vaults make it easy to save for that vacation, budget for monthly expenses, and set aside some money for a rainy day.

One of the hardest parts about budgeting is simply finding the time to not only get started but to stick with it. Use Scheduled Saves to automatically disperse your money into your Savings and Expense Vaults so you can save time and still be confident your budget is staying on track!

You have complete control over how you pay your bills and get paid by creating individual account numbers. We call them VaultKeys. You can give your VaultKey to vendors, such as your utility company, to pay a bill – or even to your employer to receive your direct deposit. Since VaultKeys are linked with your Vaults, you can create an unlimited number of these as well! You’re also able to turn any VaultKey on/off with a tap.

Elevault allows you to send and receive money between you and your friends, family, coworkers, etc – or, as we call them: your Connections. Whether someone is paying you back for lunch, you need to send over your share for that beach house rental, or a sibling is chipping in their share for a gift – Elevault makes it easy to pay and get paid.

With any Vault you create, you’re able to invite your Connections to share it with you. Shared Vaults are great for those recurring expenses or longer-term savings goals. Create a Shared Vault with your roommate to use for rent and utilities, and another for you and your friends to pitch in for a vacation. Use them for planning a wedding or home renovation, or… well, you get the idea!

Elevault’s Financial Health Score helps you keep a pulse on your overall financial well-being. Our score is based on five factors that experts say will help consumers begin their journey to build wealth:
1) Spend less than you earn
2) Automate your bills
3) Have more saved than you spend
4) Log into the app often
5) Turn on Scheduled Saves

There are a ton of money-related apps out there and we understand it can be hard to tell what’s legit. Your financial safety and security are a major priority of ours. Elevault was created by TeamWALT, the innovation division of Southern Bancorp (Member FDIC).

Southern Bancorp is a trusted financial institution with a mission to be Wealth Builders for Everyone. TeamWALT’s goal is to scale that mission across the US through the creation of innovative financial apps that help people build their wealth. To learn more about Southern Bancorp, visit banksouthern.com. To learn more about TeamWALT, visit teamwalt.com.

What’s New

Version 1.20

Elevault did not have any major updates this time - just making it better for YOU!

Ratings and Reviews

4.0 out of 5
36 Ratings

36 Ratings

B. Salazar ,

Loving the app

I came across this app while searching for decent high yield savings rates. Was skeptical of the high interest rate initially. After some research and verification, I was able to link them to Southern BanCorp. Really like the UI and easy to navigate app. So far so good. I can see my savings growing each day. Wish they offered a referal bonus since I already turned some friends to this awesome app.

deletrus ,

Too many orange flags

All the research I did on this business only went back to earlier this year. Privacy policy doesn’t address the customer’s pii or how it’s being protected. I had a couple questions so I sent an email. Waited several days before getting a response to one of the questions (no answer on other one). I asked what I could use for verification as my ID is expired & if they offer debit card (answer to latter is no). Answer to other question was another question: if the app wasn’t allowing me to onboard my ID. Whatever that means. I’m assuming it’s referring to my ability to scan my expired ID & it being accepted. They should know if their own app will accept an expired ID. I’m not going back n forth with them (especially when each contact takes a minimum of a day for a response) trying to get an answer to a question, nor scan my sensitive info into various systems for no reason. Also tried calling the hard to find number & of course it went to VM saying they would get back in a day. If you read the privacy policy, they give you 2 days to notify them of unauthorized charges. Seems like that would be difficult to meet w/their slow answering service.

Developer Response ,

Hello, we typically respond pretty quickly. It looks like you contacted us on a holiday weekend in which we were closed. We responded the day we were back in the office. It looks like our support agent was trying to gather more details so that they could provide the most accurate information. In order to sign up for Elevault, you will need to have a valid, unexpired United States Identification Card or Driver's License. Have a great week!

Ls-0-1 ,

Best for gaining interest

I love this app. This is where I keep all my savings and I can’t believe I haven’t done something like this sooner.
Every once and a while I’ll check in to see how much interest I’ve been paid. Right now, the APR is 4.50% which is what made me write this review.

Developer Response ,

Hey! Thanks so much for your kind feedback. We love that interest rate too - and best of all, we pay it daily!

App Privacy

The developer, Southern Bancorp, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Contact Info
  • User Content
  • Identifiers
  • Sensitive Info

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Contact Info
  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

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