# Elevault – Interest Paid Daily — Elevate your wealth.

> Mobile banking and money management app with daily interest and no fees. (iPhone/iPad app by Southern Bancorp.)

- Source: https://appshunter.io/ios/app/elevault-interest-paid-daily/id1555735007 (this page in markdown: same URL + `.md`)
- Developer: [Southern Bancorp](https://appshunter.io/developer/1344987770)
- Category: Finance, Business
- Price: Free
- Rating: 3.50/5 from 84 App Store ratings · 40 written reviews indexed
- Age rating: 4+
- Requires: iOS 15.1 · 57 MB
- Languages: American English
- Released: 2021-09-01
- Data updated: 2026-08-24
- Monetization: free with in-app purchases
- User reviews in markdown: https://appshunter.io/ios/app/elevault-interest-paid-daily/id1555735007/reviews.md

## What is Elevault?

Elevault: Your Savings SideKick and Wealth-Building App

Take control of your finances and build your financial future with Elevault, the ultimate mobile banking and money management app. Designed to empower you, Elevault offers a suite of innovative tools to simplify budgeting, maximize savings, and improve your financial health.

Why Choose Elevault?

• High-Yield Daily Interest
Watch your money grow with interest paid daily. Start earning today and make every penny count (*minimum earnings of $0.01 required).

• No Fees Banking
Say goodbye to overdraft and monthly fees. At Elevault, we’re committed to helping you build wealth—not chipping away at it.

• Automated Financial Planning
Stay on top of your budget effortlessly with Scheduled Saves. Automatically allocate funds to your savings or expense Vaults and ensure your financial plan stays on track.

• Organize Your Money with Vaults
Create unlimited, customizable Vaults to manage your money. Whether saving for a dream vacation, budgeting for expenses, or building a rainy-day fund, Vaults make it simple and seamless.

Smart Money Management Tools
• VaultKeys: Simplify Payments
Control your payments and direct deposits with personalized account numbers, or VaultKeys. Pay bills or receive income securely with just a tap.

• Shared Vaults for Common Goals
Collaborate on financial goals with Shared Vaults. Whether saving for a group trip, managing household expenses, or planning a wedding, team up to achieve more.

• Track and Improve Your Financial Health
Monitor your progress with Elevault’s Financial Health Score. Focus on key factors like spending less than you earn, automating bills, and saving more than you spend to improve your financial security.

• P2P Payments Made Easy
Send and receive money with Elevault. From splitting dinner costs to paying rent, our peer-to-peer payment system keeps transactions smooth and stress-free.

Financial Security You Can Trust
Your money’s safety is our top priority. Elevault is backed by TeamWALT, the innovation division of Southern Bancorp (Member FDIC), a trusted financial institution dedicated to wealth-building for all.

Elevault is more than a banking app—it’s a complete financial solution. Take the first step toward better financial health and download Elevault today!

## Key features

- High-yield daily interest
- No fees banking
- Automated financial planning
- Customizable money vaults
- Simplified payments with VaultKeys
- Shared vaults for group goals
- Financial health score tracking

## Recent user reviews (10 of 40)

All indexed reviews: https://appshunter.io/ios/app/elevault-interest-paid-daily/id1555735007/reviews.md

### 3/5 — ID barcode scan doesn’t work

*2026-07-22*

Tried absolutely everything with two different IDs, scan just doesn’t work

### 1/5 — Not able to go past ID scan step

*2026-06-12, version 2.35.7*

I believe the app is broken. Not able to go past ID barcode scan step. My DL is not even couple of months of old, so it’s not that the barcode is not readable.

### 2/5 — Low Transfer Limit and No Plaid Support

*2026-05-28*

It only allows you to transfer a maximum of $2,500 per day within the app. It also does not support Plaid connections, which is the only way my bank allows me to transfer funds. These issues need to be addressed in order for me to continue using this app. If you need quick access to ALL your cash then this app is not for you. The only good thing is the competitive APY.

### 1/5 — SCAM

*2026-05-14, version 2.35.7*

TAKES ANYTHING ADDED AND CLOSES ACCOUNT WITH NO EXPLANATION!!

### 1/5 — ID Scan

*2026-05-08, version 2.35.7*

Keep saying invalid barcode during ID scan…it’s a brand new CA Real ID…

### 5/5 — This all in one account

*2026-05-03*

This vault, lets you create expenses vaults, then you can set keys to those expense vaults and pay your respective billers from each individual pod. It really helps keep everything separated and truehrkps you stick to your budget. You can choose to direct deposit here or transfer in,. You do not get a debit card so if that is something you need, you can look elsewhere. There adding vault keys I think digital ones in the future, but honestly a bills account shouldn't have one because you shouldn't be spending from it. I love the concept of this app I'm so grateful for it check it out. Interest rate and bad

**Developer response:** Thank you for the wonderful review! We love to hear you are enjoying the app and love the positive feedback.

### 1/5 — Elevault

*2026-03-31, version 2.35.6*

Glitchy Bugs: My account Still ISN’T Open! Smh..

### 1/5 — Probably a scam with fake reviews

*2025-12-09*

I opened an account started to deposit money into it now they’ve restricted my account said they don’t have a time line for release on the account or are they able to stop my transaction from clearing into the account so now I have to do a whole dispute pro with my bank to be safe. I don’t recommend to app to be used

### 1/5 — App is trash

*2025-12-08, version 2.34.5*

You can’t even get past the id barcode. Just gives a flash button and doesn’t scan nothing. I’ve tried 2 different id’s. Waste of time

### 5/5 — Paris,Lee

*2025-11-25, version 2.34.4*

Paris,Lee

## Frequently asked questions about Elevault

### What does Elevault do?

Elevault is a mobile banking and money management app designed to help users take control of their finances. It offers tools for budgeting, maximizing savings with daily interest, and organizing money into custom 'Vaults'. The app also provides features for automated planning, secure payments, and tracking financial health.

### What are the key features of Elevault?

Key features include high-yield daily interest on savings, no monthly or overdraft fees, automated financial planning with Scheduled Saves, and the ability to create unlimited customizable Vaults for organizing money. It also offers VaultKeys for simplified payments, Shared Vaults for collaborative goals, a Financial Health Score, and peer-to-peer payments.

### Is there a cost to use Elevault?

The app is free to download and use, with no monthly or overdraft fees associated with its banking services. While the core banking and money management features are free, there might be in-app purchases available for additional services or features, as indicated by its monetization model.

### How does Elevault ensure financial security?

Elevault prioritizes the safety of your money. It is backed by TeamWALT, the innovation division of Southern Bancorp, a Member FDIC financial institution. This partnership ensures that your funds are held by a trusted and regulated entity, providing a secure environment for your financial activities.

### Who is Elevault designed for?

This app is ideal for individuals who want to actively manage their finances, grow their savings, and improve their overall financial health. It's suitable for those looking for a fee-free banking experience, automated budgeting tools, and a clear way to track their financial progress towards various goals.

## Version history (last 5 releases)

### 2.38.0 — 2026-08-24

Just a little tune-up. We fixed a few bugs and made some behind-the-scenes improvements to keep your Elevault experience running smoothly.

### 2.35.7 — 2026-05-05

Just a quick tune-up! We fixed some bugs and made improvements to keep things running at their best.

### 2.35.6 — 2026-01-21

This version resolves a login issue experienced by some users on iOS 26.

### 2.35.4 — 2025-12-15

Just a few under-the-hood improvements to make your experience better.

### 2.34.5 — 2025-12-01

Just a few under-the-hood improvements to make your experience better.

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## More apps by Southern Bancorp

- [Southern Shake and Bank](https://appshunter.io/ios/app/southern-shake-and-bank/id392960726)
- [Southern Bancorp](https://appshunter.io/ios/app/southern-bancorp/id487339273)
- [SB Advanced Business](https://appshunter.io/ios/app/sb-advanced-business/id1523546474)
- [Envie: Daily Savings Challenge](https://appshunter.io/ios/app/envie-daily-savings-challenge/id1594375720)
- [Southern Bancorp Mortgage](https://appshunter.io/ios/app/southern-bancorp-mortgage/id6480133961)

All apps by Southern Bancorp: https://appshunter.io/developer/1344987770

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-24.*