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May 2012
by ConsumerSearch

  • Creates envelope-based budgets
  • Automatically aggregates and updates account data
  • Offers online bill pay
  • User must provide login information for all accounts
  • Users report trouble canceling subscription/trial uses an envelope-based budgeting tool that allows users to allocate income to expenses and savings using virtual envelopes; users can check the balances in pre-specified envelopes from any web-enabled mobile phone. is strong in budgeting and tracking your net worth, but lacks tools for managing investments.

Like other personal finance management services, allows you to enter details of your bank and credit card accounts, and automatically downloads your spending and deposit transactions from them. The free basic membership with allows you to organize your finances into up to 25 categories or envelopes, and can link to up to four bank or credit card accounts. Paid membership (*Est. $10 per month) gives an unlimited number of envelopes and accounts, as well as bill pay and access to the Debt Center to help you organize your debts. provides mobile apps for iPhones and for Android devices. Unlike some other mobile apps,'s apps allow you to update all your data from your smartphone, including creating new manual transactions or new envelopes.

We found the most helpful reviews for at and Other sources include an opinion offered by Forbes columnist Sramana Mitra on her personal blog and a review by PC World. A discussion thread on has scores of user comments about's billing policies.

Our Sources


Jason Fitzpatrick describes as a "robust" personal finance management service, based on the envelope principle of budgeting. The review mentions that is the only such service without a free account, though that has now changed and you can use it at no cost.

Review: Five Best Personal Money Management Sites, Jason Fitzpatrick, July 11, 2010


Shelley Elmblad describes's features and recommends it to "those who are looking for a strong budgeting tool in a personal finance online application." She does note some "wonky behavior" when it is used with certain browsers, however, and her comments regarding costs are now out of date. She rates Mvelopes 4 stars out of 5. (Note: ConsumerSearch is owned by, but the two don't share an editorial affiliation.)

Review: A First Look at Mvelopes Online Budgeting App, Shelley Elmblad, Sept. 15, 2011


Guest reviewers Charles Bush and Kathy Hwang critique the design of the Finicity (now called user interface; according to them, "it's complicated to use and needs a serious redesign." On the other hand, they note that the site forces users to be aware of every cent they spend, which creates accountability.

Review: Redesign That: Online Personal Finance, Part 3, Charles W. Bush and Kathy Hwang, Feb. 14, 2009

4. PC World

This review analyzes and compares, Quicken Online (now closed) and, which won a World Class Award from PC World in 2006. Based on her evaluation of each, Yardena Arar gives a score of 87 out of 100 and an 84 -- all in the "very good" category. She notes that is the only one of the three that offers online bill pay.

Review: Online Finance Services Show Where Your Money Goes, Yardena Arar, Jan. 29, 2008


Users posting to both attack and defend Most complain about the company's billing and refund policies; a few defend them. Some say the automatic bill-pay feature malfunctions occasionally, and others say that customer service is not always responsive. Note that while some of the posted comments are from the last few years, some date from as far back as 2006.

Review: Discussion Thread: Mvelopes Poor Customer Service, Contributors to

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