Budget with North One Envelopes

What they are, and how to edit them.

Kat avatar
Written by Kat
Updated this week

Envelopes is the name of a budgeting feature in your North One Account that allows you to visually separate your funds for things like expenses, taxes, payroll, and more. The feature was designed with Profit First in mind, but you can use it how ever you'd like! You can create as many Envelopes as you like, and you can set up Envelope Rules. Your Envelope Rules will determine what percent (if any) of your incoming deposits will be allocated to the Envelope(s) of your choice. If you are looking to send an ACH or wire, make sure you have sufficient balance in at least one Envelope. At this time, Envelopes are available to both North One Plus and North One Standard members.

Keep in mind that Envelopes are not locked Accounts. While Mastercard® Small Business Debit Card transactions are tied to the Deposit Account, funds will be pulled from your Envelopes in order of creation to cover the cost of a purchase or transfer if necessary.

To add new Envelopes on desktop:

  1. Click Envelopes on the left hand menu

  2. Click Add Envelope on the right side

  3. Here you can choose either preset Profit First Envelopes, or your own Custom Envelopes

  4. If you chose Custom Envelopes, type in the name you’d like your Envelope to have, then hit Continue

  5. From here you have the option to add funds to your new Envelope, and you’ll be prompted to input a percentage of incoming deposits to be allocated to this Envelope. Once complete, hit Continue

  6. Review your Envelope info and hit Add Envelope

  7. The name, balance, and percentage of each Envelope can be changed at any time

To edit existing Envelopes on desktop:

  1. Click Envelopes on the left side menu

  2. From here you’ll see your list of Envelopes and their current balance and rules

  3. To transfer funds from one Envelope to another click on the Adjust Envelopes button on the top right

  4. Choose the amount you’d like to transfer, where you’d like to transfer from, and where you’d like to transfer to. Then click Adjust Envelope

  5. To change your Envelope rules, click on the Envelope you’d like to adjust, then click Edit on the top right

  6. You can now edit the name of the Envelope, as well as the percentage of incoming transfers to be allocated. You can also delete it by clicking on the trash can icon in the bottom left corner

  7. Be sure to click Adjust Envelope at the bottom to save your changes


To create a new Envelope on the North One app:

  1. Click Envelopes at the bottom of your screen

  2. Click Add Envelope

  3. From here you’ll be given the option to set your Envelopes up for Profit First, or customize your own Envelopes

  4. If you’re choosing to set up Profit First Envelopes, your Envelope rules will be preset but can be changed at any time

  5. If you’re setting up Custom Envelopes, you’ll be prompted to choose the name of your first one. Once complete, hit Continue

  6. From here you’ll have the option to add funds to your Envelope, and be prompted to set up a percentage of incoming deposits to be allocated to this Envelope. Once complete, hit Continue

  7. Review your Envelope info and hit Add Envelope

  8. The name, balance, and percentage of each Envelope can be changed at any time

To edit existing Envelopes on the North One app:

  1. Click Envelopes on the bottom of your screen

  2. From here you’ll see your list of Envelopes and their current balance and rules

  3. To transfer funds from one Envelope to another, click on the adjustment button on the top right hand corner

  4. Choose the amount you’d like to transfer, where you’d like to transfer from, and where you’d like to transfer to. Then click Adjust Envelope

  5. To change your Envelope rules, click on the Envelope you’d like to adjust

  6. From here, click on the pencil icon in the top right corner

  7. You can now edit the name of the Envelope, as well as the percentage of incoming transfers to be allocated. You can also delete it by clicking on the trash can icon in the top right corner

  8. Be sure to click Adjust Envelope at the bottom of the screen to save your changes

We’re always looking to add features that customers find helpful. If you have any feedback about how you’d like to see Envelopes work, please let us know!

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