Digit - Save Money Automatically without a Budget
By Hello Digit, Inc
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Automate your savings. Digit is the free, effortless way to save money without thinking about it. Every few days, Digit checks your spending habits and saves a few dollars from your checking account if you can afford it.
FREE, HELPFUL FEATURES TO BUILD YOUR SAVINGS
* To get started, connect your checking account to Digit. This allows Digit to analyze your income and spending, and find small amounts of money it can safely set aside for you.
* Every few days, Digit transfers small amounts of money (typically between $2-$17) to your Digit savings. Digit never transfers more than you can afford, so you don't have to worry about over-drafting your account. In fact, we have a no-overdraft guarantee.
* Withdraw money from your savings at any time. Digit allows unlimited transfers with no minimums and no fees.
SECURITY AND ACCOUNT PROTECTION
* All funds held within Digit are FDIC insured up to a balance of $250,000
* Digit uses bank level SSL 128 bit encryption
* Sensitive personal information is securely stored
DIGIT FOR APPLE WATCH
* Check your Digit account balance and last savings transfer
* Quickly ask Digit for your checking account balance or upcoming bills
Digit is a free consumer service. We're now saving over $100 million per year for our members.
DIGIT HAS BEEN FEATURED IN
* USA TODAY
* New York Times
* Wall Street Journal
* Huffington Post
* The Verge
FREQUENTLY ASKED QUESTIONS
Q: Is Digit really free?
A: Yes. Digit costs nothing to use.
Q: Is Digit safe?
A: Yes. Digit uses state-of-the-art security measures. Your personal information is anonymized, encrypted, and securely stored. All funds held within Digit are FDIC insured up to a balance of $250,000.
Q: What is the Digit no-overdraft guarantee?
A: We believe so strongly in our math and our ability to safely identify money you can afford to save that if we overdraft your account, we'll cover the fee, up to two times per customer.
What's New in Version 1.4.1
Thanks for using Digit! We made some improvements and squashed some bugs to make the app even easier to use.
If you're enjoying using Digit, please consider taking a few minutes to rate our app.
***This review is pending a possible charge to use this service. Digit just updated their terms and slyly inserted something about possibly charging a fee. After emailing with Digit, they told me there would be warning before this happens. I will continue to use Digit until this change takes place. After that, I will not be using it anymore.***This is exactly what I was looking for. Simple and so easy to use. It takes just a few dollars out a day automatically, and they're right-I wouldn't notice if I wasn't looking for it. In addition, I'm able to put away more if I want. I've only had this app less than a week, and I've been able to save over $60! I'm not good at saving, so I'm grateful for Digit because it has made it incredibly easy to do so.
Don't Waste your Money on a Fee to Save
I recently closed my account due to the newly implemented monthly fee; I don't care how much it is, it's not worth it (for me at least). I can easily save money on my own for free, whether that means setting up automatic transfers to my saving accounts after each paycheck, depositing into my retirement accounts, or only paying $1/month and investing my spare change with Acorns (and I've gained much more than $1 a month). It's unfortunate that Digit decided to charge a monthly fee to simply allocate and save your money. Oh well, there's many other ways to save your money for free (or only pay $1 to invest and get a larger return in your money). Consider all your options for saving and investing before thinking about giving up your money on a fee to save with Digit.
Used to be great...
I used and loved digit for a year, and saved up a decent amount of money. But in 2017 things started to change for me. It seemed the "algorithm" started making larger and more frequent withdrawals from my account. Sure they just tell u "oh tell the app to Save Less". I did that and it told me it could not save any less aggressively. So I would just pause it mostly until I was ready for it to continue. But recently they updated the terms and conditions. Please read it folks! They are going to start syphoning a fee out of ur accounts monthly! They neither disclose how much or when. That's a deal breaker for me. I work too hard for someone to tell me they're taking my money whenever and how much they want. I closed my account.