Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Mvelopes review

Last updated:  

An upgraded take on the classic envelope budgeting system.

Mvelopes offers a convenient and modern way to budget. It features perks like automatic imports, a free 30-day trial and help from a personal finance trainer. But you’ll pay anywhere from $6 to $79 a month depending on the plan.

$6 per month





Fee$6 per month
Intro or bonus offerFree 30-day trial
ATMsNo access to ATMs

Expert review

Cassidy Horton

Review by

Cassidy Horton is a writer for Finder, specializing in banking and investments. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Cassidy enjoys educating people about financial services, exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

If you’re looking for a budgeting app that automatically imports transactions and lets you manage a wide range of financial accounts, Mvelopes may be a good fit.

You’ll pay at least $6 a month to use it, but even the Basic plan comes with unlimited envelopes and lets you connect to as many financial institutions as you’d like.

Mvelopes‘s Complete plan comes with a fully customized financial roadmap and one-on-one guidance from a financial coach. But these extra perks cost $79 a month.

How does Mvelopes work?

Mvelopes is a comprehensive budgeting tool that lets you manage and track expenses using the envelope budgeting method.

Start off by creating a budget and linking your account to financial institutions such as your bank, credit card company and student loans. Then fund the virtual envelopes using the money in your account. As you make a purchase and it clears your bank, the amount is automatically imported into Mvelopes where you can move it into the correct envelope.

Mvelopes connects to more than 16,000 financial institutions, including most banks, credit card, debt repayment and investment companies.

How to sign up

Sign up for Mvelopes through its website or official mobile app.

To sign up for Mvelopes through its website:

  1. Go to the official Mvelopes website and click Join Free For a Month.
  2. Choose between the Basic, Plus or Complete plan and click Free 30 Day Trial.
  3. Enter your name, email, username and password and click Create My Mvelopes Account.
  4. Enter your credit card information and click Submit.
  5. Verify your account information and start creating your budget.

Compare top budgeting software

Data indicated here is updated regularly
Name Product Fee Service fee Platforms
Chime Spending account
Get rid of fees with this mobile-first bank offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.
(can be waived)
Digit analyzes your spending and automatically saves an appropriate amount every day so you don't have to think about it.
Finny provides top-notch money guides, simple investing tools, ideas and insights.
Emma helps you in avoiding overdrafts, finding wasteful subscriptions and giving you control over your finances.
You won’t pay a dime if this company can’t lower your monthly bills. But you’ll pay a hefty fee if it does.
Get financial advice, pay off debt, create a budget and automate savings with this budgeting app. But be prepared to pay for extra features.

Compare up to 4 providers

But if you’re looking for a cheaper service, check out our guide to budgeting for beginners.

How much does it cost?

Mvelopes offers three paid membership plans:

PlanMonthly costFeatures
  • Unlimited envelopes
  • Connect unlimited accounts
  • Create an online envelope budget
Plus$19Everything in Basic, and:

  • Access to the Mvelopes Learning Center and Debt Center
  • Quarterly check-up with a financial coach
  • One-on-one setup assistance
  • Priority support
Complete$79Everything in Plus, and:

  • Monthly call with a financial coach
  • Customized financial roadmap
  • Trainer guided personal education

You’ll receive two free months if you buy a yearly subscription.

What are the pros and cons of Mvelopes?

Mvelopes packs a punch with cool features such as:


  • Free 30-day trial. Start budgeting with Mvelopes for free for the first 30 days.
  • Unlimited financial institutions. Sync as many banks, credit cards, debt and investment accounts to Mvelopes.
  • Automatic imports. Mvelopes automatically imports your financial transactions.
  • Financial coach. The Plus and Complete plans give you direct phone access to a personal finance coach who you’ll chat with monthly or quarterly depending on your plan.


  • Expensive plans. Mvelopes’ most expensive plan is $79 a month, which will run you nearly $1,000 a year.
  • Not completely hands-off. Mvelopes automatically imports transactions, but you’ll have to manually move them to the correct envelope.

Is Mvelopes safe to use?

Mvelopes uses the same security measures as major banks. All sensitive information is stored using SSL/TLS encryption. Mvelopes protects its servers using multiple firewalls and restricted public connections.

Your Mvelopes account automatically logs out after a period of inactivity. If you perform multiple incorrect login attempts, the system will lock your account.

Frequently asked questions

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site