The bot calculates small amounts that a user wouldn't notice to add to a savings account. The company will again help users apportion savings from their tax returns this year.
Since Digit bot was created in 2015, it has helped its users save $250 million, the company says. To use Digit, connect the bot to your checking account. The bot then takes out money each day and places it into a separate savings account. Milestones are marked with funny GIFs or memes. Based on your spending habits, an algorithm determines the amount of money Digit can take out without the user noticing it’s gone, what CEO Ethan Bloch referred to as operating “on the fringes of your budget.”