Need a Digit app review in your life? Almost all of us would agree that setting aside savings is important for our overall financial health.
However, for most of us, the most difficult thing about saving money is figuring how to get started.
Wouldn't it be easy to learn how to save money and get paid to do it?
Believe or not, there is. Building your savings can be simpler and we'll explain how in our Digit app review.
In this Digit app review, you will learn more about Digit, an app that promises a way of making saving a painless and effortless process for its users.
It’s time we see how well that works and you can learn if it's right for you.
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What is Digit?
Quick facts about Digit:
- Saving money used to be hard. Now it's easy!
- Digit is the effortless way to save money without thinking about it.
- Every day, Digit checks your spending habits and moves money from your checking account to your Digit account, if you can afford it.
- Available for iOS, Play Store, and Twitter.
Digit is essentially an app with a goal of making savings a mindless task for its users. The app is a micro-savings platform that analyzes your spending to determine the perfect amount that you can save over time. Then it makes automatic withdrawals and transfers it to your savings without you even thinking about it.
As Digit’s CEO Ethan Bloch had it, the goal of the app is to make saving money as easy, stress-free and automatic as possible.
Simply put, Digit does all the hard work of getting started with your savings. You can go with your regular financial habits and the app figures out how much can be the extra amount and move it into your savings. And, all that is done automatically so you won’t even notice it.
Digit Screenshots
Digit Alternatives
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SavingExpert Rating: 8.6/10 Digit Review |
 SavingExpert Rating:9/10 Acorns Review |
| OPEN ACCOUNT | OPEN ACCOUNT |
OPEN ACCOUNT |
| Devices iOS App, Android App |
Devices iOS App, Apple Watch, Android App, SMS |
Devices iOS App, Apple Watch, Android App |
| Promotion $5 Sign up Bonus |
Promotion $5 Sign up Bonus |
Promotion $5 Sign up Bonus |
| COMPARE THE MICROSAVINGS SERVICES |
How Does Digit Work?
Ultimately, the goal of Digit is to push non-savers to save money. All you need to do is sign up for the app and connect your checking account.
SavingExpert is a platform that gives you fee-free access to multiple high-yield savings products. Explore popular savings products. Select the right product for your savings goals.
In conducting the Digit app review, we found that app works by evaluating your financial lifestyle and spending patterns and moves the extra money to your Digit account. The amount of extra money the app automatically transfers will depend on different factors including your checking account balance, your upcoming income, upcoming bills, and your recent spending.
The Digit app is free for the first 30 days. After that, you’ll be charged $5.00 monthly and you can cancel anytime. It offers 1% annual savings bonus when you save using the app for three consecutive months.
Funds held are FDIC insured, up to $250,000 per depositor. It also enables you to make convenient transactions using your phone SMS services and allows unlimited withdrawals 24/7. When it comes to security, the app utilizes advanced 128-bit encryption to enhance protection of sensitive user information and transactions.
The Good and Bad
What we liked about Digit
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What we didn't like about Digit
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Digit App Testimonials
Digit Promotional Code
| Bonus: SavingExpert readers can sign up for free! Additionally, savers will receive a 1% bonus every three months. |
Is Digit Safe?
Digit uses state-of-the-art encryption to keep your data safe. Digit users have already put a billion in the bank, and the savings are just getting started.
Is Digit Worth It?
This innovative app saves your money without you having to lift a finger. Simply link it to your checking account, and its algorithms will determine small (and safe!) amounts of money to withdraw into a separate, FDIC-insured savings account.
Bottom line: Digit customers have saved over a billion dollars. If you are at all interested in saving money, you should be using the free Digit app.
The Digit app can be a great platform to launch your savings habit for short-term savings goals.
The best thing about the app is that it does everything automatically for you.
If you are a non-saver then Digit can help push you to become one.
- Low minimum starting investment of $10
- High historical returns of 8.8% to 12.4%
- 0.15% advisory 0.85% management fees
- Diverse portfolios of up to 16 investments
