How Overdraft Prevention works
When you set up Overdraft Prevention, Digit will move money back to your bank account if it goes below the amount you choose.
For example, if Overdraft Prevention is set to $100 and Digit notices your checking balance is $80, $20 from your Rainy Day Fund will automatically move from your Rainy Day Fund to get you back up to $100.
Depending on if your bank supports Instant Withdrawals, the money will be moved back to your account within minutes. Otherwise, it will arrive within the next business day.
On average, our members incur two fewer overdrafts* per year after joining Digit. Not bad, right?
If you would instead like Digit to stop saving at a certain balance, you can set up a Safe Saving Level here.
Turning Overdraft Prevention On and Off
1) Open the app and tap into "Overdraft Prevention," below your checking info.
2) Switch the slider to On
3) Once Overdraft Prevention is turned on, you'll see an example amount pop up. To adjust, just tap that amount and enter in what you're comfortable with and tap Save
To turn off Overdraft Prevention, just flip the slider from On to Off.
*For members who joined Digit within the last 18 months (and for whom we have at least one year of pre- and post-Digit data), the average number of overdrafts was 2 fewer per year with Digit than without.