# Envel - Mobile Banking > AI-powered mobile banking for automated budgeting, savings, and financial management. (iPhone/iPad app by Envel, Inc..) - Source: https://appshunter.io/ios/app/envel-mobile-banking/id1503505652 (this page in markdown: same URL + `.md`) - Developer: [Envel, Inc.](https://appshunter.io/developer/1431458956) - Category: Finance - Price: Free - Rating: 4.47/5 from 814 App Store ratings · 50 written reviews indexed - Age rating: 4+ - Requires: iOS 11.0 · 201 MB - Languages: English - Released: 2020-10-27 - Data updated: 2026-06-10 - Monetization: free - User reviews in markdown: https://appshunter.io/ios/app/envel-mobile-banking/id1503505652/reviews.md ## What is Envel? Envel® is a financial technology company that uses AI 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 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 of 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 are our main concern just as we’d want that too as individuals. Envel leverages cutting-edge technologies and encryption to safeguard the Envel ecosystem. Balances you hold with nbkc bank, including but not limited to balances held in Envel accounts, are insured up to $250,000 through nbkc bank, Member FDIC. For more information, visit https://www.envel.ai/fdic. • Create Envelopes Envel allows you to create Envelopes in seconds for whatever reason i.e. groceries, holiday, goals, gas, bills, coffee.. you name it! We get you started with 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 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 *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. 2022 More about how we look after your information in our privacy policy here https://www.envel.ai/privacy ## Key features - AI-powered budgeting and savings - Automated bill payments - Early direct deposit - Free ATM withdrawals - Customizable money envelopes - Instant money transfers - Card security controls ## What do users think of Envel? Overall sentiment: negative **Pros** - 🚀 Great functionality - 💡 Innovative budgeting features - 👍 User-friendly interface - 🔒 Secure banking - 🤖 Helpful AI assistant **Cons** - 🐛 Frequent app crashes - 🔒 Account lockouts and access issues - 🕰️ Slow customer support response - 💸 Unexplained money disappearance - 🤷‍♀️ Arbitrary account closures **Commonly reported bugs** - Account verification process issues - Inconsistent transaction display - Autopilot feature malfunctions - Card declines due to unexplained account locks **Most requested features** - Virtual card support - Improved shared envelope functionality - Integration with personal finance apps - Mobile check deposit - Paper check writing ## Recent user reviews (10 of 50) All indexed reviews: https://appshunter.io/ios/app/envel-mobile-banking/id1503505652/reviews.md ### 1/5 — WORST I’ve ever seen! *2023-02-16, version 3.4.1* RUN from this bank!!…The app is bizarre…it’ll cause one to think their money just POOF, DISAPPEARED!…Weird things happen, alot. I’ve also had to chat with support about inconsistent $ amounts displayed between different screens in the app…one envelope will say x amount transferred while the transactions screen will say a different y amount was transferred! Also there’s no way to set the app to set aside a consistent amount into an envelope per unit of time…example, I’d like to set aside $200/mo into a heating oil envelope…it literally can’t achieve that…it decides how much it’ll set aside regardless of the amount you set…They need to just start over with a separate app. ### 3/5 — Close but no cigar - maybe later *2023-02-07, version 3.4.1* I banked with Envel for 1.5 years, including all of 2022. I saw improvements and fixes to many issues important to me during my time with the bank, but I also saw implementation of revenue features (investments) instead of what I thought were critical additions, like Mint/YNAB aggregator connections or data export to flat files (.csv or .xlsx) instead of impossible-to-parse PDFs. I'm trying to automate bill planning *and* evaluation of my financial health, which was impossible. I also found paying for something I saved for using an envelope to be clunky and unintuitive, but this was also true of Simple. Once they work out some more kinks, I may come back. Also, it's worth recognizing they partner with a smaller bank, not one of the fossil-fuel-financing Big Five. That's a big deal. Thanks for that. ### 1/5 — Beware of this Company *2023-01-03, version 3.3.1* We were locked out of our Account with no access to our money for days. We could not spend, we could not move money, payments were declined for recurring charges, and even direct deposit into this account was declined. There is no real time customer service and no way to talk to anyone directly except through email and chat and you rarely get a response. I strongly urge you to check out this company on the Better Business Bureau website before choosing to move your money there. You will see that multiple people have had this very same issue and the company is very arrogant with a canned response that is the same to everyone saying they can pretty much do whatever they want. ### 1/5 — I closed my account for lack of needed features. I’m still being bothered by Envel *2022-11-21, version 3.3.0* I almost immediately closed my account after opening it. I emailed customer service to let them know not to send me a card and that k don’t want the account. They said it was closed. I still received a card and the emails to activate won’t stop. This company is like a digital disease. I don’t recommend catching it. I’ve emailed multiple times to ask that my account actually be closed but I just continue to get their aI generated emails to activate. No thanks please close my account and leave me alone. ### 1/5 — Good in theory, abysmal in practice *2022-11-18, version 3.3.0* I really wanted to love this bank. It has envelope spending, built in goals and the ability to switch which swipes go where. This is where the good stops. The customer service team is understandably overwhelmed and not substantive enough, their ticket bot useless and their penchant for closing accounts with no cause or explanation makes me very sad and angry to one star envel. But I can’t use a bank that won’t work. ### 1/5 — Are you kidding? *2022-11-09, version 3.3.0* Believe what you may have heard about bad customer service at Envel. They appear to be drastically understaffed. Put some money in because I’m looking for an alt now thar One is going to heck, and the deposit took oddly long. Once it was in, my account was locked with no explanation. Then, finally, after I reached out, someone told me there was something more they needed to verify me. Couldn’t get the link to work, so I put it away until I could get to it with my next pay cycle. Never mind, though, because a week after the link is sent, customer service says they can no longer offer me their services. Seriously? I’m baffled. Would love to rate how the envelope budgeting works, but I never even got to the point of being able to try it before I was booted from the system. If you’re running from One or another broken fintech and looking for a spry financial service that actually functions and let’s you budget the way you want to (RIP Simple), Envel looks good, but the people pulling the levers have some serious issues. Skip this one. ### 1/5 — Couldn’t care less about new users *2022-10-27, version 3.2.5* I tried to sign up but run into a bug. I emailed support and didn’t hear back until a week later. They told me it was fixed only to find out it wasn’t. Ive been following up with them for weeks but never heard back. At least let me know that you’re still working on the issue. Anyhow, seems to be run by a bunch of Ivy League snobs how couldn’t care less about their customers. ### 1/5 — App crashes during account registration *2022-10-20, version 3.2.5* The only downside to forcing users through one method of account creation is that if it breaks, we have no other way to sign up. Running iOS 16 on iPhone 14 Pro, app crashes for each method of SSN verification selected when pressing radio button then continue. Forces start over at ID photos. Annoying, and probably a good indication of the app to follow. Hard pass. ### 1/5 — Ruined our honeymoon *2022-09-04, version 3.2.4* The day of our wedding my app was locked. Support said I was “using a VPN to login which was why it locked.” I was not using a VPN. I checked, double-checked, googled for hidden iPhone VPN settings, nothing. All support said was “stop using a vpn.” support said the card still could access the funds so i said “fine, I know how much is in the account so I’ll deal with getting back into the app when we get back from the honeymoon.” First day of the honeymoon card gets declined. Support says nothing. No help. No way to figure out why. Just $4500 of our honeymoon money inaccessible to us. Envel is a great concept but this is peoples *money* and *livelihoods*, not some fun game y’all are playing with. Listen up Envel—either take seriously the fact that you are screwing with peoples lives and fix yourself or close down. Don’t touch Envel unless you are ok randomly losing access to all your money. Terrible support. Terrible app. Terrible company. ### 1/5 — DO NOT USE THIS APP! Its a scam! *2022-08-06, version 3.2.3* I received my card on a Saturday. I went on vacation on Wednesday. They blocked my card from working for no reason. I was stuck in the mountains with no money for food, gas, or supplies. They sent an email saying I need to verify my identity. I did what they asked. Then they asked me to verify transactions. Im like what?!!!! Next thing I know they deactivated my account and took all my money! All of it! I was stranded with no money. They said it would go to the bank account I linked. But I never linked a bank account. I had JUST gotten the account. Then they told me I would get a check in the mail. We are talking over a thousand dollars GONE! Just disappeared! I am emailing Apple, FDA, and everybody I know to report this company as a scam. Do not download this app. They will mess you up! ## Frequently asked questions about Envel ### What does Envel do? Envel is a financial technology company that uses artificial intelligence to help users manage their money more effectively than traditional banks. It offers automated budgeting, savings, bill payments, and instant money transfers, all within a secure mobile platform. ### What are the key features of Envel? Key features include AI-powered Autopilot for automated budgeting and savings, early direct deposit up to two days before payday, free withdrawals at over 37,000 MoneyPass ATMs, and the ability to create customizable 'Envelopes' for different spending categories. It also provides instant money transfers, card security controls, and automated bill payments. ### Is Envel free to use? Yes, Envel offers a free mobile banking experience with no monthly fees or minimum balance requirements. Users can open an account without charge and benefit from free ATM withdrawals. ### How secure is Envel? Envel prioritizes security by leveraging cutting-edge technologies and encryption to safeguard user data and the platform. Users have one-click control over their debit card, allowing them to freeze, unfreeze, or order a new card instantly. Balances held with nbkc bank are insured up to $250,000 by the FDIC. ### Who is Envel designed for? Envel is designed for individuals who want a smarter, more automated way to manage their finances. It's ideal for those seeking to simplify budgeting, automate savings, avoid bank fees, and gain better control over their money through AI-driven tools. ## Version history (last 1 release) ### 3.4.1 — 2023-01-24 - Bug fixes ## Apps similar to Envel | App | Rating | Price | Category | | --- | --- | --- | --- | | [Spend App](https://appshunter.io/ios/app/spend-app/id1357740381) | 4.0 (326) | Free | Finance | | [Cogni Multi-Chain Wallet](https://appshunter.io/ios/app/cogni-multi-chain-wallet/id1483957512) | 4.7 (1,421) | Free | Finance | | [Lance - Freelance Banking](https://appshunter.io/ios/app/lance-freelance-banking/id1542753483) | 4.2 (248) | Free | Finance | | [Porte: Mobile Banking](https://appshunter.io/ios/app/porte-mobile-banking/id1494730613) | 4.8 (14,336) | Free | Finance | | [Zoro Card: Credit Builder](https://appshunter.io/ios/app/zoro-card-credit-builder/id1478757081) | 2.7 (56) | Free | Finance | | [Zeta Joint Account](https://appshunter.io/ios/app/zeta-joint-account/id1493011848) | 4.4 (335) | Free | Finance | --- *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 2026-06-10.*