Elevault – Mobile Banking vs Jassby: Debit Card for Teens Usage & Stats
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 •
Elevault's 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.
- Apple App Store
- Free
- Finance
Store Rank
- -
Jassby is a convenient and easy to use app for families. Manage chores, send allowances or simply reward your kids for a job well done. Teach them the sound habits of saving, giving, and spending responsibly. Empower them with financial freedom and guide them as they grow.
Jassby offers tools that you can use to provide your kids with real earning experience. You can set up a weekly allowance and assign household tasks with specific financial incentives. In turn, your kids can propose their own earning opportunities. With Jassby, you can reinforce the association between work and financial reward, in a fun and easy way.
Debit Cards are a versatile payment method and kids will benefit from the freedom of having their own debit card for purchases as they learn to become more comfortable spending and managing money. Kids can stick with a digital card, order a physical card, or use a combination of the two. Regardless of your preference, the Jassby Debit Card can be used online or in-stores anywhere Mastercard is accepted.
Individuals learn in many different ways, and learning about finance is no different. Kids will have the opportunity to increase their financial literacy through courses, videos, quizzes, games, and real-world experience with Jassby.
HOW JASSBY WORKS:
CHORES & ALLOWANCES
- Jassby lets you give your kid incentives to do household chores, get good grades, and achieve goals.
- Your child can request to do a chore so they can earn a little extra.
- Set up a weekly or monthly allowance with Jassby, and never forget again!
DEBIT CARD
- Kids can purchase anywhere with our Debit Card, while you control how they spend it from your phone.
- The Jassby digital card is accepted wherever Mastercard is accepted and may be used online and in-person, at retailers accepting contactless payment.
- An optional physical card is available upon request.
- Parents receive spending notifications in real time, so you will know where your kids are spending money, with the ability to pause or cancel the card remotely.
PARENTAL CONTROLS
- As the parent, you control how much money is available for your kids to spend. Our Spending Limit feature allows you to set limits per transaction, per day, and per month.
- Want to lock your child’s debit card? Our in-app feature allows you to lock and unlock your kid’s card in an instant.
FINANCIAL LITERACY
- Age-appropriate courses and games help kids increase their knowledge of key financial concepts.
- Kids receive feedback on their progress with the proprietary Jassby Financial Literacy score as they complete tasks and improve their financial skills.
Our debit card for teens uses your kid’s savings, chores, donations and more to calculate the score.
JASSBY REWARDS PROGRAM
- Kids earn points and redeem for money!
- Earning points is easy; log in daily; complete chores, make a donation, send money to to others and more.
- Jassby Rewards points can be redeemed in any amount over 100 points.
TRANSPARENT STATEMENTS
- Your Jassby statement displays all of your family's account activity on a single screen.
- See what your kid bought, when he bought it, what it cost, and more.
- See your kids' shopping history and seasonal categories to take the guesswork out of gift-giving.
SECURITY
- We use the latest encryption technology combined with biometric authentication to lock out unauthorized use.
- Your payment info is never shared with retailers or credit bureaus.
Suggested for kids 13 and older.
Go Jassby. Be Happy!
The Jassby card is issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard International Inc.
- Apple App Store
- Free
- Finance
Store Rank
- -
Elevault – Mobile Banking VS. 
Jassby: Debit Card for TeensDecember 17, 2024