Envelope: Budgeting & Banking

If you remember Simple Bank and miss all the tools and features it offered to make your financial life easier, download Envelope. I searched high and low for alternatives after it closed. I bounced between numerous different Neobanks and financial tools that never filled the void that Simple Bank left, until I found Envelope. I’ve now been an Envelope user for a couple years now and it is only getting better. Ironically, I’m beginning to enjoy Envelope more than I ever did Simple. The road map is public and the team is relentless in executing their vision. Additionally, the team at Envelope has made it a point to make sure they are profitable by implementing a small monthly subscription charge ($5) if you end up not spending to a certain threshold in a given month. Simple Bank as amazing as it was created a great product with the idea they’d figure out how to generate profit later, which was part of their downfall. In any case, I believe Envelope will be around for a long time and it’s only going to get better.

Envelope has truly transformed the way I manage my money! The budgeting feature, or “envelopes,” has made it so simple to allocate my funds, balance my budget, and even work my way out of debt. I used to struggle with the single number most bank apps show, but Envelope breaks everything down in a way that’s easy to follow and gives me full control over where my money is going. What’s even better is that all the budgeting features, like the individual envelopes, are built directly into the app. No more needing to rely on third-party apps to manage my budget outside of my bank—it’s all in one place, which makes life so much easier! Envelope was created by former employees of the bank “Simple,” so if you loved Simple, you’ll love Envelope even more! The user-friendly design and intuitive features really feel like an upgraded experience. One of the standout features is their Discord channel, where you can vote on new features and even connect with the actual team behind Envelope—it’s great to feel like they’re listening to their users. Plus, the built-in savings account with a 4.55% APY is such a game changer for growing my savings effortlessly. I can’t recommend this app enough for anyone who wants a simple and effective way to manage their money and keep track of every dollar. Envelope has made a real difference for me, and I know it would for others too!

It was only one review but to future users: This is a FINTECH BANK. If you’re not looking for a bank with an envelope budgeting system, this bank is not for you so don’t be rating it poorly because you can’t understand what it is. Now onto the review: I’ve been with Envelope Money since it was just starting super bare bones as a beta tester and now alpha tester. I have had many banks including Simple and One which, if you had them, you know how badly we got burned. So jumping into another fintech wasn’t an easy decision but I cannot tell you how happy I was to have made the jump! This bank is built on community feedback and are committed to transparency and customer satisfaction. It is unlike any other banking experience I’ve ever had. As a neurodivergent person, an envelope system is integral to my financial success. The founders of Envelope Money have been consistently communicative and dedicated to app improvement since day one. I don’t know how they do it! I am thankful for have found EM and I hope traditional banks take note and learn a thing or two!