Digit: Save Money & Invest

Digit: Save Money & Invest Software


Company Name:

About: Digit analyzes your spending and automatically saves the perfect amount every day.
Headquarters: San Francisco, California, United States.

 
  2020-12-17


Editor's Insights

1. Digit matches you with the appropriate investment portfolio to reach your goals and invest an amount you can afford.

2. Digit also monitors your checking balance and moves money back into your checking account to avoid overdraft fees when needed.

3. Digit analyzes your income and expenses daily, saves what you can afford, and directs the right amount towards your goals.

4. Digit even intelligently divides your savings, allocating money depending on your goals’ target completion dates.

5. Digit helps you get results and reach your financial goals effortlessly.

6. Digit finds you the right IRA account to help you max out your tax-advantaged retirement savings each year.

7. — Pay bills or other debt like student loans faster, with synced-up bills that Digit saves for you throughout the month.

8. Digit effortlessly saves for all of your goals: emergencies, everyday expenses, a vacation, or even a down payment on a house.

9. — FDIC-insured banks maintain your Digit savings, insured up to a balance of $250,000.

10. Create a retirement goal and Digit will move what you can afford into the right investment portfolio for you.



Digit: Save Money & Invest Screenshots

             


Product Details and Description of Digit: Save Money & Invest



Digit helps you get results and reach your financial goals effortlessly. Our personalized approach helps you consistently save the perfect amount, pay down debt, and invest in your future, all without having to change your habits.

THE PERFECT AMOUNT, EVERY DAY

Digit analyzes your income and expenses daily, saves what you can afford, and directs the right amount towards your goals.

SAVE MONEY WITHOUT THINKING ABOUT IT

Digit effortlessly saves for all of your goals: emergencies, everyday expenses, a vacation, or even a down payment on a house. Digit also monitors your checking balance and moves money back into your checking account to avoid overdraft fees when needed.

LEAVE DEBT BEHIND

Digit helps you pay down debt at the right time to get you moving forward. Pay down credit card and student loan debt faster and save on interest, all without the need for a budget.

INVEST WHAT YOU CAN AFFORD

Save money for retirement by letting Digit do the hard work. Digit matches you with the appropriate investment portfolio to reach your goals and invest an amount you can afford. Digit finds you the right IRA account to help you max out your tax-advantaged retirement savings each year.

DIGIT - YOUR SMART FINANCIAL ASSISTANT

Featured in Forbes, Business Insider, New York Times, BuzzFeed, and more, Digit helps you and others like you manage your money, improve your financial health, and save an average of $2,500 a year along the way.*

To get started, simply download the app and connect your bank account - that’s it! The signup process takes less than five minutes.

Digit is free for 30 days, then just $5/month. All our features are bundled into one transparent monthly membership that’s designed to deliver progress on your financial goals.

ACHIEVE BETTER FINANCIAL HEALTH. AUTOMATICALLY.

— Save the perfect amount of money with Digit’s completely personalized savings algorithm.

— Save for an unlimited number of goals. Digit even intelligently divides your savings, allocating money depending on your goals’ target completion dates.

— You’re in control. Set safe saving levels, boost your savings, and pause goals whenever you need.

— Pay bills or other debt like student loans faster, with synced-up bills that Digit saves for you throughout the month.

— Get overdraft prevention with notifications and automatic transfers when your account balance is low.

— Invest in your future. Create a retirement goal and Digit will move what you can afford into the right investment portfolio for you.

— Withdraw your money as often as you like. No fees, no minimums.

— Plus, earn 0.10% annually on your Digit savings. That's 2X more than most savings accounts!

— FDIC-insured banks maintain your Digit savings, insured up to a balance of $250,000.

The future is yours. So get there effortlessly with Digit - your smart financial assistant.

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*Average saved based on Digit customers with connected accounts from Jan-Sept 2020.




Top Digit: Save Money & Invest Reviews


  • By Stupendous_Weeaboo

    Great App!

    This app is awesome! The part where is scans your account and saves for you is phenomenal, but you can also manually move funds as well, which is great! In doing so it makes saving mindless and easy while also letting me organize my funds for any large purchases or financial obligations with ease. Withdrawing from digit is simple and easy! You can do it two ways, the first takes a couple days for the money to hit your account after withdraw and that is free of charge, which is awesome! The second, if you need the money ASAP takes only a couple minutes to hit your account, but cost you a dollar. In my mind it’s a dollar... who cares, the total value you receive from the app vastly exceeds the 1 dollar charge for that option or the 3 dollar subscription. Made a whoopsie and over drew? No problem, digit has your back, turn on the overdraft protection in the app (even if you never overdraw your account, it’s a good option to have on), and if it happens digit automatically withdraws from your rainy day fund to cover down on the overdraft, no excess fees. Over all, the app is designed to help you out in as many ways as possible, with financial goals, bigger ticket purchases, financial obligations (rent, mortgage, car payment, etc). High 5 to the developers, you guys a really taking a step in a great direction to help people, keep up the great work!



  • By TranTracy

    Great habit to have when you’re a college student

    I’ve been using Digit for a year or so now and I really love it. I have the credit card paying feature on and it’s pretty great. It is like a nice little extra payment to my credit card bills on top of what I already pay. I also love the texts that I get every morning about my account balance because it helps me be more aware of my spending and budget. I love just being able to open the account and be happy that I saved $x without even realizing it. Even if they take little amounts daily, when it accrues, it can be a nice fund to have when you least expect it. I think a lot of these new reviews that give one star are pretty unfair. Most of them seem like communication issues with their bank because I’ve never had much issues. Also, I think $2.99 is fair for the service they do. People can’t expect everything in life to be free. If what you’re saving is not or barely $3 a month, then I think that’s a personal finance issue that you should be focusing on, not the app charging “unfairly” but that’s my opinion. The only thing I would say could use improvement is if they can update my checking account balance closer to real time because sometimes it’s delayed and shows either yesterday’s balance or something.



  • By Non traditional

    Pleasantly Surprised

    I have only been using Digit since last month and it has already saved almost $350 from my checking account! I would see the withdrawals from my checking account, but otherwise I put the app out of mind. I decided to check the balance today and was pleasantly surprised with the amount saved already! The savings is the best feature about this app, but there are two more impressive features worth noting. First, it sends me a text every day telling me good morning and most of the time it’s in a different language. How fun! The text also tells me how much money was in my checking account the day before, and how much is in there that day. It includes a link to view recent checking account activity, but I have not used that feature as of yet. Second, Digit has a low balance protection feature and I set mine at $25. This means that Digit will not take any money out of my checking account if my balance is less than $25. But I found something else out yesterday. Digit also transfers money from the app to my checking account if my checking account balance drops below $25! Love it!





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