1.018 Safe to install
Envelope: Simplifying Family Finances with a Modern Twist

Envelope offers families a user-friendly app that helps manage budgets and expenses seamlessly, ensuring everyone stays on track with their financial goals.
Envelope is a banking app that offers a comprehensive set of tools to help users take complete control of their finances. Designed with the personal finance power user in mind, the app boasts top-notch envelope budgeting, instant transaction notifications, separate virtual and physical cards, and even built-in joint accounts.
Please note that Envelope Money is a financial technology company and not a bank itself. However, it partners with Pacific West Bank, Member FDIC, to provide banking services. Rest assured that your funds are FDIC insured up to $250,000 through Pacific West Bank. Additionally, the Envelope Money Visa® Debit Card is issued by Pacific West Bank, N.A. under a license from Visa U.S.A. Inc., and it can be used wherever Visa cards are accepted.
The Envelope Money account offers an attractive Annual Percentage Yield (APY) of 3.83%, which is effective as of January 31st, 2024. However, please keep in mind that this rate is variable and subject to change after your account has been opened. It's worth noting that fees may impact the earnings on your account.
Overview
Envelope: Banking for Families is a Freeware software in the category Business developed by Envelope Money, Inc..
The latest version of Envelope: Banking for Families is 1.018, released on 04/02/2024. It was initially added to our database on 02/02/2024.
Envelope: Banking for Families runs on the following operating systems: iOS.
Users of Envelope: Banking for Families gave it a rating of 5 out of 5 stars.
Pros
- Multiple sub-accounts for budgeting purposes, which is helpful for families trying to manage their finances
- Good for tracking shared expenses and managing joint finances between family members
- Ability to set spending limits and monitor transactions in real-time
- Option to create savings goals and track progress towards them
- Provides insights and analytics to help users make informed financial decisions
Cons
- Limited availability and compatibility with different banks and financial institutions, which can be restrictive
- Some users may find the interface to be overwhelming or confusing at first
- May not offer advanced features that are available in other financial apps
FAQ
What is Envelope: Banking for Families?
Envelope: Banking for Families is a financial management app designed specifically for families to help them budget, save, and manage their money together.
How does Envelope: Banking for Families work?
Users can create shared envelopes for different spending categories, set budget limits, track expenses, and save money together towards specific financial goals.
Is Envelope: Banking for Families safe to use?
Yes, Envelope: Banking for Families takes security and privacy seriously. The app uses encryption to protect user data and does not store sensitive banking information.
Can multiple family members use the Envelope app?
Yes, Envelope: Banking for Families allows multiple family members to connect their individual accounts and collaborate on budgeting and saving goals.
Does Envelope: Banking for Families have a mobile app?
Yes, Envelope: Banking for Families is available as a mobile app on both iOS and Android devices, making it easy for families to manage their finances on the go.
Are there any fees associated with using Envelope: Banking for Families?
Envelope: Banking for Families offers a free version with basic features. There is also a premium subscription option that unlocks additional tools and features for a monthly fee.
Can Envelope: Banking for Families help with teaching kids about money?
Yes, Envelope: Banking for Families provides tools to help parents teach kids about budgeting, saving, and responsible money management from a young age.

Boris Weber
I am an editor at UpdateStar. I started as a support engineer, and am now specialized in writing about general software topics from a usability and performance angle among others. I telecommute from UpdateStar’s Berlin office, when I am not working remote as a digital nomad for UpdateStar. When I'm not analyzing the latest software updates, you can find me exploring new cities, immersing myself in local cultures, and discovering innovative tech trends across the globe.
Latest Reviews by Boris Weber
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