Digit is an online-based personalized bank account. Above is much like what you will see on the website when you sign up, create an account (goal) and begin saving. Digit will help you manage and save your money without even thinking about it. There is also an app to help you manage your funds on the go.
(Above is an example from my personal Digit account!)
How does Digit determine what to save?
Digit states it calculates the perfect amount of money to set aside every day — based on your income and spending — and automatically saves it for you. Most days it’ll feel invisible, but it won’t take long to feel like the future you’re working toward is within reach.
Another cool feature Digit offers is Low Balance Protection so when your bank account gets low on funds, Digit will automatically transfer money from your Digit account to your Personal Bank account to prevent it from falling below whatever amount you set with Digit.
Below is an example of Low Balance Protection.
You may also set a Maximum Daily Save limit per individual goal that you’re saving towards in Digit. This helps keep Digit from saving more than the amount you specify for that particular goal in each day’s savings calculation.
And the best part…did I mention Digit has an app so this can all be done from your phone??? Just keep Digit‘s number in your phone and you can text it anytime to withdraw, deposit, check your account balance, etc. You can access your funds any time by withdrawing with the Digit app. There are no limits on how much or how often you can withdraw. Withdraws usually settle by the next business day or sooner.
App is available on the Play Store: