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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.
New features may help Digit compete in a growing field of fintech personal finance offerings. Another potential change for Digit is the ability to save your cash at different banks. Today, all Digit savings accounts are held by Wells Fargo. That’s important for Digit, so much so that Bloch says “Digit would not exist today were it not for Wells Fargo.” But the company has heard from customers who are unhappy that their money is being saved at Wells Fargo, a bank that fired more than 5,000 employees for wrongdoing last fall and was penalized by the Justice Department in 2012 for targeting communities of color during the subprime mortgage crisis.
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