I have been on the look out for a wallet that can hold my iPhone. I love to carry a large bag but it is a hassle to carry it all of the time, I want a small wallet that can hold my cards and phone. I just found the Sawyer Wristlet at SewForLess.com. They are priced under $12 and make great gifts.
I did find out the hard way that it is easier to embroider the wristlet after you open the wallet up. Here is a short video of my machine at work.
Also the monogram or embroidery needs to be small but this is a small accessory so it looks fine.
Wow, it fits my phone with a phone case on it! Woohoo!