News fintech market

With $2.5M In Seed Funding, Digit Saves Money For You So You Don’t Have To Think About It

16 декабря 2014

The concept behind Digit is pretty simple: You create an account, give Digit access to your online banking account credentials, and over time the company gradually transfers funds from your checking account and into a non-interest bearing but FDIC-insured Digit savings account.

The service does so seamlessly, without asking you how much you want it to transfer beforehand. Instead, Digit relies on an algorithm that determines how much it should move from one account to another, taking into account a number of factors it knows about your payment history and spending habits to do so.