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Envel
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Envel

low
Mobile friendly
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Trustpilot Rating

Reviews 1

Great

★★★★★

(3.7)

3.8

Entity type

Online Bank

Client type

Personal/Business

Country

1

United States of America

Year

"2019"

Employee Count

51-200

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Services

Asset ManagementCard ProgramsCard providersCash depositCash withdrawalDebit cardsP2PSafeguarding/Custiodian AccountsSavings AccountWalletsWire Transfer Acceptance
3.8

Total Score

Pricing of the services

3

Social media presence

5

Popularity of the service

3

Onboarding difficulty

4

Support quality

4

About Envel

Envel is a Harvard founded and MIT backed FinTech startup headquartered in Boston, MA. Envel has engineered the first-ever AI based autonomous FinTech app and is currently live and growing very fast. Envel is a digital bank account with the tried-and-true money envelope budgeting system. It’s free to use, and users have access to their cash at thousands of surcharge-free ATMs. But for a digital bank account, it’s still missing key features, like mobile check deposits. Users need to temporarily link an envelope before each transaction on the Envel app, which can be a bit of a hassle and difficult to remember.

Pricing

Setup Fee

0 USD

Monthly Maintenance Fee

0 USD

SEPA Incoming

SEPA Outgoing

SWIFT Incoming

SWIFT Outgoing

FX Fee

Currency

  • USD

    (United States dollar)

Trustpilot reviews

EG

Apr 28, 2021

App confused me at first. Think it's okay now.

Your app led me to believe something was wrong when it went from PENDING to asking me to re-upload my ID using a completely different interface. I totally got the wrong idea and thought I was being thrown into an endless loop submission and denial. I may have jumped to conclusions a bit too early. Thanks!

Finscanner is an independent digital platform aiming to provide up-to-date access to worldwide financial services to improve customer experience and boost transactions.

On this page, you can see a detailed review of Envel Banks with reviews from real users and our experts. Envel provides the following services: Asset Management, Card Programs, Card providers, Cash deposit, Cash withdrawal, Debit cards, P2P, Safeguarding/Custiodian Accounts, Savings Account, Wallets, Wire Transfer Acceptance.

At the moment, Envel rating on Finscanner is 3.8 and on Trustpilot is 3.7.