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Envelope: Budgeting & Banking

Envelope: Budgeting & Banking

Your ultimate money manager

338 ratings
88 reviews
💰 Finance
Free

Details

  • Released
  • Updated
  • February 11, 2023
  • April 16, 2026

Features

Developer

Envelope Money, Inc.
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About

This app digitizes the envelope budgeting system to help users track spending, save money, and manage their finances effectively. It offers features like early paycheck access, high-yield savings, and transaction notifications for comprehensive financial control.

✓Digital envelope budgeting system
✓High-yield savings account
✓Early paycheck access
✓All-in-one finance manager
✓Instant transaction notifications
✓Net worth tracker
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What users say

Summarized from real user reviews of Envelope. Based on 338 reviews and a 4.7/5 average, it highlights the 15 positives and 15 negatives reviewers mention most about this Finance app.

Positive things

  • 💰Excellent envelope budgeting system
  • 🎨Beautiful and intuitive user interface
  • 🏦Integrated banking with budgeting features
  • 👥Responsive and transparent development team
  • 🔄Automatic fund allocation and bill payments
  • 📊Clear visualization of spending and allocations
  • 💳Virtual cards for each envelope
  • 🎯Perfect replacement for Simple Bank users
  • ⚡Seamless and effortless budgeting experience
  • 🤝Active community engagement via Discord
  • 📈Frequent feature updates and improvements
  • ✅Reliable automation reduces financial stress
  • 🎨Color-coded envelopes for organization
  • 💡Drag-and-drop envelope reordering
  • 📋Checkbook ordering capability

Negative things

  • 🚫Signup process can be broken or confusing
  • ⏳Account verification delays (2+ business days)
  • 📞Support communication can be slow
  • 💳Upfront subscription fee ($5/month or $40/year)
  • 🔗Can only link one external bank account
  • 📱No Apple Pay integration for quick deposits
  • 🏧No ATM locator map in app
  • ❌No protected overdraft feature
  • 🔢Envelopes lack account numbers
  • 💸Bills can only be paid from main checking account
  • 🎯Limited flexibility for month-to-month changes
  • ⚠️Not a true bank (regulatory confusion)
  • 🔐Requires SSN and personal info upfront
  • 📧Support contact difficult to find
  • ⚠️Some negative reviews appear to be scam accusations
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What's New in Envelope

1.42.460

April 16, 2026

- Fixed issue with set PIN screen not prompting 2FA

User reviews

Most RecentHighest RatedLowest Rated

So Grateful for Envelope

Finally, a bank that budgets the way I do. Automate your budget, know how much you can spend each paycheck - perfection. Life changing!
Rschef01Rschef01

Great features. Needs better design

This app has great features for a banking app and budgeting, it is however pretty plain looking.
mrpringsmrprings

Harry n

This is the best budgeting app out there. Instead of it just helping you understand where you are spending after you spend it stops you from breaking your budget. Anyone trying to follow a budget should use this app! It will change your life.
harry neharry ne

Great start, Looking forward to more robust functionality.

I feel like I willed this app into existence, with how perfectly its overall brief meets my needs. Using it BASICALLY works, but I’m hoping for things like Plaid-compatible bank logins, the ability to dictate how virtual cards show up in Apple Wallet, envelope cards being able to accept reverse debits (like an instant Venmo payment, for example)

Still. Even with that, this is a tool I wished existed, and then found out it did. Keep up the good work.
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Mr StonebenderMr Stonebender

Best banking solution ever for families

Saved our family finances. Best banking and budgeting took for families and individuals. Saved us.
Phan0707Phan0707
See 83 more reviews

User experience

🐞

Reported Bugs

11 issues

Signup process kicks users out repeatedly

Bug

App stuck in demo account loop

Bug

Account verification fails without explanation

Bug

Phone number cannot be corrected after signup

Bug

Password requirements unclear and inconsistent

Bug

Demo account doesn't show custom transfer amounts

Bug

Cards cannot be used in real-life transactions

Bug

No transaction recording in demo

Bug

Support email configuration required through app

Bug

Slow email response times (up to 3 weeks)

Bug

Account denial with no explanation or dispute process

Bug
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Requested Features

14 requests

Multiple external bank account linking (2-3+)

Feature

Apple Pay integration for deposits

Feature

ATM locator map integration

Feature

Protected overdraft feature ($100 suggested)

Feature

Account numbers for envelopes

Feature

Automatic scheduled transfers to envelopes

Feature

Flexible month-to-month budget adjustments

Feature

Demo account with custom transfer amounts

Feature

Transaction recording capability

Feature

Automatic transfers from external bank accounts on schedule

Feature

Multiple paycheck automation support

Feature

Paper checks support

Feature

Dark mode option

Feature

Advanced analytics dashboard

Feature

FAQ

What does the Envelope app do?

The Envelope app digitizes the traditional envelope budgeting system to help users gain control over their finances. It allows you to track every dollar, save more effectively, and manage your money through features like budget calculators, finance management, and net worth tracking.

What are the key features of Envelope?

Key features include a powerful digital envelope budgeting system for organizing spending and savings, a Protected Envelope with high-yield interest for faster savings growth, early paycheck access to receive funds up to two days sooner, and an all-in-one finance manager for tracking transactions and spending.

Is Envelope a free app?

Based on the provided information, the app is described as free and does not mention any in-app purchases or advertisements. It aims to provide a hassle-free budgeting experience without additional costs.

Who is the target audience for Envelope?

This app is designed for anyone looking to improve their financial habits, whether they are new to budgeting or are experienced personal finance users. It's for individuals who want to save money, track their spending, and work towards financial freedom.

How does the early paycheck access work?

The early paycheck feature allows you to access your hard-earned money up to two days before your scheduled payday. This can help you stay ahead on bills, manage your budget more effectively, and cover daily expenses sooner.