Digit Reviews (2021): Is It Good For Saving?

by vaibhav
Updated on

As the digital age grows, we find ourselves in a world where it is becoming more and more difficult to differentiate between what’s real and what isn’t. With that said, there are many companies out there making money off of your ignorance while you blindly follow them into their ‘new ways of living.

Digit Reviews is a new app that helps you to save money by tracking your spending. It has both pros and cons. Read more in detail here: digit app pros and cons.

Extra Savings You’ll get a 0.10 percent yearly Savings Bonus if you save with Digit for three months in a row. There are no account minimums to qualify for the bonus, and it is automatic. Every three months, you’ll get a pro-rata bonus based on your Digit account’s average daily balance.

No-overdraft Guarantee in Digits Let’s say your checking account balance drops below a specific amount. Digit will then move money from your savings account to your checking account. But what if your checking account is ever overdrawn as a result of Digit’s automated savings withdrawals? Digit will pay overdraft costs up to thrice in such situation. They do claim, though, that an overdraft is “very improbable.”

Digit aims to introduce Direct, a banking service in cooperation with MetaBank, later this year in addition to savings.

Direct gives you a debit card with 55,000 fee-free ATMs, as well as spending and bill accounts. It will also aid in the administration of Digit’s other saving functions. You may use the bills account to save money for monthly costs. They also want to include a savings area, similar to how Digit’s objectives function.

Digit reviews is a new app that allows you to save money by going through online reviews. The pros of digit are that it’s easy to use and you can earn cash back.

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