When you link your checking account to your Digit account, Digit analyzes your information (recurring expenses, checking balance, spending patterns) to determine how much and when to save. Those saves are then debited from your checking account and saved into your Digit savings balances.
Below are some of the codes you may see on your checking account activity from Digit debits:
Digit.co Savings - Your automatic savings into your Digit balance across the Rainy Day Fund and any personal goals you've set up. These are debited in one lump sum, and then distributed to your individual funds in Digit later. Saves are debited a business day after they are created in Digit. More info here. Also here!
Digit.co Rainy Day - Automatic savings into the default Rainy Day fund if you haven't set up any additional goals, or if you created a manual save towards your Rainy Day Fund
Digit.co [Goal Name] - A manual save you created towards your goal
Digit.co Subscription - The monthly subscription payment for your Digit account, deducted on the same day each month. This isn't a save, and won't appear in your savings balances.
Digit.co Xfer - Saves into your student loan or credit card debt goal after you've successfully connected an account to be paid off.
Digit.co InstantFee - The .99 fee for using the instant withdrawal feature
If you see a transfer in checking that lists Digit in the description, along with "NSF," "Insufficient Funds," "Returned Item," "Overdraft," etc., this is not a transfer from Digit, but a fee that your bank may be charging you. Depending on the circumstances, we can cover that fee if you'd like to get in touch with us.