Mvelopes Reviews
Mvelopes Customer Reviews (4)
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Mvelopes Customer’s Q&A
Mvelopes FAQs
About Mvelopes.com Prices and Cost?
Mvelopes.com offers three tiers of service. The Basic subscription costs $5.97/month or $69/year. The Premier subscription costs $9.97/month or $99/year. The Plus subscription costs $19.97/month or $199/year. Each tier offers different features and benefits. It's important to note that Mvelopes.com was discontinued on December 29, 2022, and the app is no longer available.
About Mvelopes.com Payment Method?
"Mvelopes.com" is a budgeting app that uses the cash envelope budgeting method in a digital format. The app syncs with financial accounts, and as transactions occur, they show up in the app. Each transaction is assigned to its appropriate envelope, showing how much money is left to spend in that category. The service is also able to pay bills from its Payment Center, working with any company normally paid by check or automatic debit. There are three tiers of service: Basic, Premier, and Plus. The Basic plan costs $5.97 per month or $69 per year, Premier costs $9.97 per month or $99 per year, and Plus costs $19.97 a month or $199 a year. Each tier offers additional benefits. However, please note that the information might have changed as it was last updated in 2023.
About Mvelopes.com Popular Products and Services?
Mvelopes was a popular personal finance and budgeting app that provided a twist on a classic cash-saving method of budgeting money with a physical envelope. The app was offered by Finicity, a financial services company owned by Mastercard. It was designed to help users quickly and easily create a personal budgeting plan that should reduce spending, help eliminate debt, and learn how to save money. Mvelopes was available on both iOS and Android devices, including the Apple iPhone. The design behind Mvelopes was supposed to take the difficulty out of making and sticking to a budget. On average, users were paying off more than $17,000 in debt using the app, according to Mvelopes. This is likely due to having a solid money management plan to base their budgets around, as it’s estimated Mvelopes users saved an average of more than $6,000 compared with people without a spending plan. Mvelopes was also favorably reviewed on the App Store with more than 4,000 ratings and reviews and an above-average 4.4 out of 5 overall rating. However, the app is no longer available as the company behind it discontinued its services on Dec. 29, 2022.
Mvelopes.com Return Policy?
"Mvelopes.com" is a budgeting app that was designed to help users save money through the cash envelope budgeting method. However, the app is no longer available as the company behind it discontinued its services on Dec. 29, 2022. As a digital service, it did not have a shipping policy. Regarding the return policy, there is no information available due to the discontinuation of the service. The app offered different plans and features, and it had a 30-day free trial for the Premier plan. After the trial period, users were charged based on the plan they chose. If users were not satisfied with the service, they could cancel their subscription. However, specific details about a return or refund policy are not available. Please note that this information might not be up-to-date or complete due to the discontinuation of the service. For the most accurate information, consider reaching out to the company directly or consult a professional advisor.
How secure is Mvelopes.com?
Mvelopes.com, a personal finance app and website, is designed to help manage spending and budgeting. It uses SSL/TLS encryption, which is the same level of security as that of major banks. Users are encouraged to set up a PIN code and additional security layers for enhanced protection. The app allows linking of various financial accounts, including checking, credit, and savings accounts. All transactions show up in the app, providing a comprehensive view of spending. However, it's important to note that the company behind Mvelopes discontinued its services on Dec. 29, 2022. Therefore, the app is no longer available.
How did Mvelopes work with physical envelopes?
Mvelopes is a budgeting app that digitizes the traditional envelope budgeting system. It connects to bank accounts, tracking income and expenses. Users can set a monthly budget for all expenses and savings goals. Money is directed towards these expenses and goals, and Mvelopes indicates what's leftover - the spending money. This system simplifies budgeting by providing a clear view of available funds after all the "envelopes" are funded. Transactions appear on the Mvelopes homepage for users to assign to the appropriate envelope, adjusting the remaining available amount, similar to taking cash out of a physical envelope. However, the app requires manual assignment of income and expenditures to various envelopes, which may be more hands-on than some users prefer. Despite this, it provides a comprehensive overview of finances and allows for the management of multiple accounts in one place.
What were the key features of Mvelopes?
Mvelopes was a budgeting app that used the envelope budgeting method to help users save money. The app was designed to help users quickly and easily create a personal budgeting plan that should reduce spending, help eliminate debt, and learn how to save money. It was available on both iOS and Android devices. The design behind Mvelopes was supposed to take the difficulty out of making and sticking to a budget. On average, users were paying off more than $17,000 in debt using the app, according to Mvelopes. This is likely due to having a solid money management plan to base their budgets around, as it’s estimated Mvelopes users saved an average of more than $6,000 compared with people without a spending plan. Mvelopes took the classic budgeting strategy of using cash envelopes and converted it to a modern, digital-age process. The original cash envelope strategy involved setting aside multiple envelopes for different budget categories, which could include groceries, rent, and monthly subscriptions. Mvelopes also provided an application that could be used for handling budgets online. With this application, users could create digital envelopes, allocate budgets appropriately, and manage money from anywhere through any device. Mvelopes also helped users create a plan that allowed them to pay off existing debts faster and avoid accumulating debts in the future. Moreover, there was a professional financial coach that could give dedicated and personalized support for tackling finances. Mvelopes provided a basic template with pre-populated expense, savings, and giving categories —though these could be personalized—and users simply entered monthly payment amounts for each. There was also a section for irregular expenses like auto and home maintenance and vacations. Mvelopes was discontinued on Dec. 29, 2022.