Envel

Official Website: https://envel.ai/
Platforms: Android | iOS
Account Types: Personal Checking
Minimum Account Balance: $0.00
Lowest Monthly Fee: $0.00
Headquarters: Boston, MA

Features: Organize Money into "Envelopes", AI-based budgeting, Bill Splitting

Envel is a US neobank that claims to use the power of Artificial Intelligence to guide your finances in real-time.

Founded in 2018, Boston-based Envel is a US challenger bank the aims to guide consumers with their finances through the power of AI.

Envel touts a fairly original concept of organizing a personal checking account into sub-accounts that they call "Envelopes" such as a main Cash envelope, an Emergency envelope, a Bills envelope, and a Vault for savings. They also offer an AI-driven budgeting system to help consumers save and know when to spend guilt-free.

Like most neobanks, they offer checking accounts with no monthly fees.