<prompt> Human: I just heard about Digit from a guest J Money on Joshua Scheats Radical Personal Finance Podcast and thought that it would interest the PF community. Link: If you hate the idea of taking out a big chunk of money at once to put into your savings or retirement accounts, this might be an interesting option. Digit will debit your account in small amounts every few days based on your spending habits so they dont cause you to overdraft. I think it would take the psychological sting out of transferring hundreds of dollars out of the account at once and watching your account balance drop. This is also potentially a useful tool for people who spend paycheque to paycheque. Full disclosure: Digit is a company for which I will not sign up - I dont need it because I automate my savings - so encourage you to do your homework. They state that they are FDIC insured on their website. Also, check with your bank to see if the way Digit links to your bank accounts breaks your contract agreement Probably not, but Mint seemed like a really good program until banks said that giving your login info means you are no longer covered against identity theft. Also, Im Canadian, so I have no idea where we sit with Digit.Assistant: Do they charge a fee?Human: No fee according to their website. My guess is that they have a large cash pool under management from all users, so perhaps they invest a percentage of the cash to make a profit. Purely uneducated guess.  <response>: They take the interest from storing the money at their partner bank. Worth the 1 if you ask me. 