Mvelopes Reviews

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About Mvelopes

Mvelopes, found online at, describes themselves as an award winning online envelope budgeting system which helps people get out of debt and accumulate their savings. 

How Does It Work?

The working concept behind Mvelopes mobile app is one that is old and extremely familiar to many people. In the past, many people would take their money out of the bank in cash and distribute it among paper envelopes that were all labeled with how that money could be spent during the month, with labels like Rent, Groceries, Utilities, Car, Fun, etc. 

Mvelopes takes this exact same concept and makes it digital. Instead of using cash and paper envelopes, users are able to use digital envelopes and their debit card. As they spend their month throughout the month, they can “capture receipts in real time” so your budget is accurately updated throughout the day, always letting you know how much money you have left in each digital envelope.

Using this approach to spending helps people better understand exactly how they are spending their money, how quickly they are spending it, and provides customers with the financial information they need to make informed decisions on how they are spending their money throughout the month.   

Mobile Options

Currently this mobile application is available for download on both iOS and Android operating platforms, with no information at this time on whether it will be available for other platforms in the future. 

Cost/Price Plans

Mvelopes does offer their customers a free account option, which provides them with the ability to track four online bank accounts with 25 Spending Envelopes. Customers who need more features or options than this have the opportunity to upgrade to one of two different paid accounts.

The first is their Premier account, which is priced at $95 per year, and offers monitoring of unlimited bank accounts and unlimited Spending Envelopes, as well as their Integrated Debt Roll-Down and Integrated Premium Video Content resources. Finally, they also offer their Money4Life Coaching option, where the price will vary depending on which of the available features you choose for your customized package.    

Refund Policy

At this time it appears that any monies paid to this company will be non-refundable. This is not an uncommon policy for companies that provide their customers the option to use many of their services for free for an unlimited amount of time before they finally make the choice to commit to a paid service. Customers will be able to cancel their enrollment at any time, but instead of being offered a refund, they will simply get to use the service through the end of their paid subscription term and not be enrolled in the next subscription period.     

Customer Service Contact Info

Customers who would like to contact Customer Service with any questions, concerns, or complaints can do so by email at [email protected] or by using the website’s Live Chat feature whenever it is available.


Actually, despite the fact that the Mvelopes’ website provides a list of their many awards and acknowledgements, like being named the Best App for Over-Spenders by Kiplinger or one of The 4 Best Money Managers by Success Magazine, this application seems to have mixed reviews.

The complaints about this website seem to be fairly straight forward – this app is time consuming to set up and maintain because not much about it is automated. Instead of analyzing your spending for you and telling you how you should be distributing your paycheck, they require their users to make an estimate of how they spend their money each month and then hold users accountable to that estimate. 

Generally speaking, putting people who admit that they have trouble budgeting their money in charge of determining how they should budget their money raises obvious concerns. 

However, it is important to note that even with these criticisms, this mobile app does appear to be really well received and appreciated by financial websites and companies that regularly compare budgeting applications and services. 

Competitors and Alternatives?

There are actually many different mobile applications and websites which attempt to help users with their financial budgeting and their financial goals, including, Ynab,, and many others.

If you have experience with this company or their products, please leave your Mvelopes reviews below.

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1 ‘Mvelopes’ Review
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1 Review

Constant problems

November20, 2019

The concept is fantastic. I used it when it first came out and was fairly happy with it even with limitations. I got away from it because of the amount of time it took. recently I was invited back because of claims that version 5 solved so many problems. I gave it several months and it was one problem after another so I gave up. its sad because the concept is unique and could be great. I mean at one point I had 2 credit card accounts show up that were NOT MINE for a combined total over $10M! you would think they would want to get that fixed. anyway that was the last straw. how can you trust someone to deal with your trusted information when they make those kinds of mistakes. I was given one month refund which is shameful. As far as I'm concerned I was defrauded. They took my money and never gave me what I purchased.

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