iPhone Screenshots


Envel® is a financial technology company that uses Artificial Intelligence to help you manage your hard-earned money better than any bank.

Why Envel users love us

• Save and Budget with one click
Don’t have time to manage your budget? Automate your budget using our AI mode feature, Autopilot. This automatically splits your deposits into your envelopes creating a fully autonomous budgeting and savings experience.

• No monthly fees or minimum balance
Unlike our competitors, we don’t charge you to open an account, nor do we charge any minimum balance fees or monthly fees! Plus, you get free withdrawals at 37,000+ MoneyPass ATM networks

• Get Paid 2 days early with direct deposit
Get access to your paycheck up to 2 days early! Eligibility for early direct deposit is based on your employer.

• Automated savings, budgeting, and goals
With our Autopilot feature, you can build your savings account, reach your personal finance goals, and manage your budget effortlessly. You tell us your expenses and savings goals, and the AI does all if the heavy lifting for you!

• Security at your fingertips
We want to protect your security! Freeze, unfreeze, or order a new card with one click. You are the owner of your data and your privacy and security is our main concern just as we’d want that too as individuals. Envel leverages cutting edge technologies and encryption to safeguard the Envel ecosystem, money, and customer data. Deposits are FDIC insured up to $250,000 through nbkc, Member FDIC. *

• Create up to 99 checking accounts (we call Envelopes)
Envel allows you to create in seconds up to 99 FDIC insured* Envel spending accounts for whatever reason i.e. groceries, holiday, goals, gas, bills, coffee.. you name it! We get you started with a 4 envelopes called Cash, Bills, Emergency and Vault so you can organize your hard earned money easily.

• Send and receive money instantly
Need to pay a friend? Send or receive money instantly to any Envel user with Envel Send.

• In app customer support live chat & community
Chat with our support team in the Envel app with live chat. Join our communities on Discord, Reddit, or our dedicated Community Forum to chat with the Envel team and other users, voice your feedback, and get timely support.

• Customizable color themes and modes
Who says budgeting can’t be fun? Customize your own experience by choosing your own background and theme colors. You can also choose between different humor levels: funny, sarcastic, or off.

• Share Envelopes with Friends
Need to create a shared envelope with family or friends? Envel allows you to create envelopes to share funds with friends where everyone can contribute. Withdrawing funds requires the original envelope owner’s permission for security.

• Automate your Bills
Never miss a Bill payment again! With our Itemized Bills, you tell us your different Bills, due dates, and payment frequencies, and our AI will make sure all your Bills are covered.

• Switch your Debit Card to any Envelope
The Envel Visa® Debit Card is linked by default to the Cash Envelope however you can temporarily link it directly to any of your other envelopes instantaneously using Cardlink™ for easy access to your funds.

• Apple Pay
Connect Envel to Apple Pay to pay easily

• About Envel
Based in the heart of Boston, Massachusetts, founded at Harvard with backing from MIT Sandbox, we are committed to consistent app updates to fit the lifestyle needs of our users and grow our Envel Community. See community.envel.ai

*Envel is a financial technology company, not a bank. Banking services provided by nbkc bank, Member FDIC. The Envel Visa® Card is issued by nbkc Bank pursuant to a license from VISA U.S.A. and may be used everywhere Visa debit cards are accepted.

For more information head to www.envel.ai

Copyright © Envel, Inc. 2021

More about how we look after your information in our privacy policy here 

What’s New

Version 2.1.1

App Look & Feel

We don't have any major updates to report for this release but we have made some minor tweaks and enhancements to improve your banking experience.
And while we are here, we thought we would share an inspirational quote from Ken Poirot: "Today is your opportunity to build the tomorrow you want."

Ratings and Reviews

4.6 out of 5
475 Ratings

475 Ratings

Tre' Lou Gētā ,


This bank is definitely great! The layout and interface is real cool to look at and move through while checking your account information.

Great customer service as well! I noticed that my account became locked due to a mistake my end in which I caused a few payments to be reversed from using the wrong account details, and the customer service helped lift the hold from account in great timing. Very prompt service, and I highly recommend Envel!

R.R.D. ,

Not a functional bank

Seems like a lot of people writing reviews are excited about what Envel MIGHT be in the future. But if you want to have a fully functioning bank, you really need to go elsewhere. Unfortunately, reading the fine print on their website will not help you, as they misrepresent their features. Case in point:

Envel says that their Shared Envelope allows you to have a shared account that “anyone” can use to collectively deposit and withdraw funds — kind of like a joint account. Unfortunately, this is a lie. Anyone who uses a Shared envelope must also have an Envel account! Furthermore, Shared envelope users cannot transfer more than $1500 a day. So if you live in a household with shared expenses, you cannot manage your money if you need to manage more than $1500 a day (you know, like if you need to send your partner your share of the rent/mortgage payment so bills can be paid on time).

Envel blames most of their problems on their partner bank, a tiny bank that is run out of Kansas City and doesn’t seem to be able to address modern banking needs. Further, if you want to set up bill pay with this tiny little bank you will either get denied access or be told this bank doesn’t exist. Very, very sketchy.

I’ve asked Envel to update their marketing messages so they won’t trick future customers into believing it might work for them. So far, they have not.

Developer Response ,

Hey there,

I am so sorry that you had a negative experience. We have been working on updating all the copy on our website in order to clarify certain features. We are also working with our banking partner to make the daily limits more flexible, as well as to support linkage with more vendors (we sent them a very urgent email this morning). 

Unfortunately, these issues are not always resolved instantaneously, but we appreciate your feedback and will continue to work to improve our user experience. True joint accounts are a top priority for us later this year once we finish our current round of updates. If there is anything we can do to improve your experience, please let us know. I am truly sorry that this has caused you frustration and stress, but we are committed to resolving these issues and are also happy to schedule a feedback call between you and our product/engineering team, if you care to voice your opinions directly to the creators of Envel. Our entire team greatly values constructive feedback, especially from users who have had a negative experience as we are always aiming to improve. Let us know if that is something you would be interested in!


TrueRLGN ,

Really great app just needs some bug fixing

I really enjoy the concept of the app and really enjoy it but I recently came across a bug that when you pump gas at any pump station it takes away money before hand to cover the amount your about to spend but after it does not return the extra amount that was supposed to be left. Other banks have the same process but once you finish putting gas it just charges you the right amount but for envel the money never gets returned and takes away all the money in the envelope I made for gasoline. I contacted support but they took so long to return my money it was really annoying. Other than that the app is great

Developer Response ,

Hey there,
Thank you for your feedback! I apologize about the gas station issue, our technical team is currently working on a fix. Additionally, with our upcoming tagging transactions feature, you will be able to designate where you would like transactions to be pulled from after the fact. For example, after a Gas transaction you can select that you would like the entire amount to be pulled from your Gas envelope, and for all future transactions from that vendor to be pulled from your Gas envelope. I hope that this will help resolve your issues!
If you have any other feedback about how we could improve, we would love to hear from you on our community forum: https://community.envel.ai

App Privacy

The developer, Envel, Inc., 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:

  • Purchases
  • Financial Info
  • Location
  • Contact Info
  • Identifiers
  • Usage Data
  • Diagnostics

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


  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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