Digit's Automatic Savings Service Knows How Much to Take From Your Account

By: Alyson Wyers - Feb 3, 2015
References: digit.co & springwise
If saving money is not your strong suit, this automatic savings service could come in handy. The digital piggy bank takes small amounts of money from your account and saves them in a separate one so you can save without worrying about it. Digit is free and transfers small sums into a savings account once a week.

To use, customers link Digit to an account and it will run algorithms based on its contents and activity to withdraw manageable amounts to give you automatic savings. It looks at both your spending and income to predict future deposits and take out the appropriate amount of funds. In addition to offering a no-overdraft guarantee, Digit communicates with customers via emails and texts.