Elevault – Mobile Banking

Elevault is an all-in-one wealth-building app designed to put you in control of your finances.


• NO MONTHLY OR OVERDRAFT FEES •
Elevault has no overdraft or monthly fees. We’re here to help you BUILD your wealth, not nickel and dime you with a bunch of fees.

• INTEREST PAID DAILY •
Many places let you earn interest daily, but Elevault PAYS you interest daily.
(*Interest is paid daily when the user earned at least $0.01 in interest.)

• STAY ORGANIZED WITH VAULTS •
Elevaults Vaults are sort of like traditional checking accounts, but you can create, edit, and delete them with just a tap. You can create an UNLIMITED number of Vaults, for whatever you want. Vaults make it easy to save for that vacation, budget for monthly expenses, and set aside some money for a rainy day.

• AUTOMATE YOUR BUDGET •
One of the hardest parts about budgeting is simply finding the time to not only get started but to stick with it. Use Scheduled Saves to automatically disperse your money into your Savings and Expense Vaults so you can save time and still be confident your budget is staying on track!

• PAY & GET PAID WITH VAULTKEYS •
You have complete control over how you pay your bills and get paid by creating individual account numbers. We call them VaultKeys. You can give your VaultKey to vendors, such as your utility company, to pay a bill – or even to your employer to receive your direct deposit. Since VaultKeys are linked with your Vaults, you can create an unlimited number of these as well! You’re also able to turn any VaultKey on/off with a tap.

• SEND & RECEIVE MONEY WITH P2P PAYMENTS •
Elevault allows you to send and receive money between you and your friends, family, coworkers, etc – or, as we call them: your Connections. Whether someone is paying you back for lunch, you need to send over your share for that beach house rental, or a sibling is chipping in their share for a gift – Elevault makes it easy to pay and get paid.

• SHARED VAULTS FOR COMMON GOALS •
With any Vault you create, you’re able to invite your Connections to share it with you. Shared Vaults are great for those recurring expenses or longer-term savings goals. Create a Shared Vault with your roommate to use for rent and utilities, and another for you and your friends to pitch in for a vacation. Use them for planning a wedding or home renovation, or… well, you get the idea!

• IMPROVE YOUR FINANCIAL HEALTH •
Elevault’s Financial Health Score helps you keep a pulse on your overall financial well-being. Our score is based on five factors that experts say will help consumers begin their journey to build wealth:
1) Spend less than you earn
2) Automate your bills
3) Have more saved than you spend
4) Log into the app often
5) Turn on Scheduled Saves

• YOUR MONEY IS SAFE & SECURE •
There are a ton of money-related apps out there and we understand it can be hard to tell what’s legit. Your financial safety and security are a major priority of ours. Elevault was created by TeamWALT, the innovation division of Southern Bancorp (Member FDIC).

Southern Bancorp is a trusted financial institution with a mission to be Wealth Builders for Everyone. TeamWALT’s goal is to scale that mission across the US through the creation of innovative financial apps that help people build their wealth. To learn more about Southern Bancorp, visit banksouthern.com. To learn more about TeamWALT, visit teamwalt.com.