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What are Vaults?

Elevault has four types of Vaults: saving, expense, spending, and emergency.

Updated over 2 months ago

There are four types of Vaults you can have within Elevault:

  1. Main Vault

  2. Emergency Vault

  3. Saving Vault

  4. Expense Vault

Whether your saving for a new pair of sneakers👟 or a beach trip⛱ next year, Elevault allows you unlimited room for creativity for the saving needs you have!

Keeping up with those naggy bills can be a pain😓. Just like Saving Vaults, you can create an unlimited amount of Expense Vaults! Maybe that looks like a Netflix Vault due every month on the 1st or that bi-weekly car payment, you make the rules on your Vaults!

Your Main Vault and your Emergency Vault are there by default and cannot be deleted. Financial experts say having at least $400 set aside for emergencies is key-so start building those essential habits with Elevault! We KNOW you’ve got this.

Key Takeaways:

  • By default, you get one Main Vault and one Emergency Vault

  • You can create an unlimited amount of Saving Vaults and Expense Vaults

  • Vaults also allow you to set up due dates and recurring transfers between Vaults

  • You can transfer money into these Vaults by your linked bank account or VaultKeys

  • Add a friend on Elevault as a Connection and share a Vault with them

Vault Type

What It's For

# of Vaults Allowed

Main Vault

Everyday spending.

1 (Default)

Saving Vault

Saving towards a goal.

Unlimited

Expense Vault

Bills and payments.

Unlimited

Emergency Vault

Saving for a rainy day.

1 (Default)

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