Welcome to effortless money management!
Digit checks to see when it is safe to save for you and moves money from your checking account to your Digit account if you can afford it. Easily withdraw your money at any time.
There are a few factors that influence Digit's savings algorithm:
- Checking account balance
- Upcoming income (paychecks or predicted irregular income)
- Upcoming bills
- Recent spending
- Any savings controls that you set (Overdraft Prevention, Safe Saving Level)
Every day that your bank is open, Digit uses these inputs to try and find amounts that you can spare and puts that money into your different savings goals.
The funds in your Digit Account are held at FDIC insured banks for your benefit and are insured up to a balance of $250,000.