THE SAVELO APP FOR IPHONE

App terms of use.

Effective October 31, 2026. These terms apply to the Savelo iPhone app from Elo AI. By using it you agree to them. The web beta information page is separate.

Using Savelo

Savelo is a budgeting and savings tool. Figures, scores, insights and coaching are generated from the information you provide and may be incomplete or wrong. They are not financial, tax, investment or legal advice. Check important numbers yourself, and consult a professional for decisions that matter.

Plans and billing

Savelo has a free plan and optional Plus and Pro auto-renewing subscriptions billed by Apple. Price and period are shown before you subscribe. Payment is charged to your Apple ID at confirmation. Subscriptions renew automatically unless cancelled at least 24 hours before the period ends. Manage or cancel in Settings > Apple ID > Subscriptions. Refunds are handled by Apple. Bank connections require an active Plus or Pro plan.

What each plan includes

Free

• Manual spending and savings log
• Receipt scanning (3 a month)
• All calculators and planning tools
• Up to 3 savings goals
• Up to 5 favorites
• A taste of the on-device coach (5 messages a day, 1 insight a week)
• Streaks and the Savelo Score

Plus

• Everything in Free
• Bank sync via Plaid (up to 2 banks)
• Automatic transaction import
• Portfolio sync for linked investment accounts
• Unlimited savings goals
• Price history, unlimited favorites and price comparisons
• Unlimited receipt scans

Pro

• Everything in Plus
• Unlimited on-device Savelo Coach
• Unlimited on-device insights
• Up to 5 linked banks
• Tax report export
• Business expense and mileage tracker

Savelo Coach runs on your device with a downloaded model (Gemma 4 E2B, about 2.6 GB) and needs a compatible iPhone with enough free memory and storage. Prices are shown in the app before you subscribe. This list matches the current app and can change with new versions.

Bank connections

Bank linking is provided through Plaid and is subject to Plaid’s terms. You can disconnect a bank at any time from the app; doing so also asks Plaid to end the connection.

Your responsibilities

Keep your device secure, use the app lawfully, and do not attempt to interfere with the app or its servers.

Apple

Apple’s standard Licensed Application End User License Agreement also applies.

Liability

The app is provided as is. To the extent the law allows, Elo AI is not liable for indirect or consequential losses, or for decisions you make based on the app’s information.

Changes and contact

We may update these terms and will post the new date here. Questions: support@eloai.co.