Digit no longer exists under that name. Oportun bought the app in December 2021, retired the Digit brand in 2023, and now sells its automatic savings tool as Set & Save inside the Oportun app. Set & Save still takes new customers. Oportun announced the end of Digit’s checking, investing and retirement accounts in 2023.
Set & Save is worth a look if you have never managed to save on your own and you are fine paying about $6 a month for an app that moves the money without asking. Skip it if you can set up one automatic transfer yourself. A high-yield savings account with no monthly fee does that job and pays you interest.
Digit today at a glance
Now Oportun Set & SaveSet & Save links to your checking account, studies your income, bills and spending, and moves small amounts into savings goals when it judges you can afford it. Your money is held at partner banks, and you can move it back at any time.
The catchYou pay every month whether it saves $5 or $500. A standard withdrawal takes 1 to 5 business days, and an instant one costs 99 cents where your bank supports it.
See Set & Save at OportunWe checked every detail here against Oportun’s own website, its filings with the SEC, both app stores and the Consumer Financial Protection Bureau’s order, as of this update. Already decided it is not for you? Jump to the apps like Digit.
What happened to Digit
Nothing was shut down. Digit was bought, renamed and cut back to the one feature it was known for. Here is the sequence, from Oportun’s own announcements and filings.
- 2013. Digit is founded. It becomes known as the app that studies your checking account and moves small amounts into savings for you.
- December 22, 2021. Oportun, a lender listed on the Nasdaq, completes its purchase of Digit for about $211.1 million. Oportun says Digit has 600,000 paying members.
- August 10, 2022. The Consumer Financial Protection Bureau (CFPB) orders Hello Digit, the company behind the app, to pay a $2.7 million penalty and repay customers. We cover what the order means for you below.
- March 8, 2023. Oportun reveals a single Oportun brand that covers the former Digit, and writes off the Digit trademark.
- August 8, 2023. Oportun announces that it is ending its checking account product.
- November 6, 2023. Oportun announces that it is discontinuing its investing and retirement products. Its annual report for that year describes the savings tool as “recently rebranded” Set & Save.
- July 27, 2026. Oportun adds Smart Bills, a Set & Save feature that saves toward recurring bills.
- As of this update. digit.co forwards to Oportun’s savings page, and the old Digit login page reads “Digit has a new name, Oportun.” Both app stores list the app as Oportun: Savings & Loans.
Sources: Oportun’s announcement of the completed acquisition, its 2023 annual report filed with the SEC and its Smart Bills announcement.
| Part of Digit | Where it stands now |
|---|---|
| Automatic savings | Still running. It is now called Set & Save |
| Direct checking account | Oportun announced its end in August 2023 |
| Investing and retirement accounts | Oportun announced their end in November 2023 |
| The Digit app | Now Oportun: Savings & Loans, shared with Oportun’s loan customers |
| digit.co | Forwards to oportun.com/savings. The old login page still works |
| Price | $5 a month in 2022, according to the CFPB. Now $5.99 a month or $47.88 a year |
How Set & Save works today
The idea has not changed since the Digit days. You connect the checking account your paycheck lands in. Oportun says its software then looks at your balance, your past income, your recent spending and bills, and the goals you have set. On each day your bank is open, it looks for an amount you can spare and moves it into your goals.
The amount is different each time, and there is no fixed schedule. Oportun says you will not get an alert when it saves, because the tool is built on the idea that you save more when you do not have to think about it. You cannot schedule the saves yourself, but you can add money to a goal by hand whenever you like.
Here is what you control.
- Goals. Create as many as you want. Every account starts with a Rainy Day fund, which is Oportun’s name for an emergency fund.
- Guardrails. Set a safe saving level, a maximum daily save and an end date for each goal. You can pause saving at any time.
- Balance protection. Name the minimum you want left in checking. If your balance drops below it, Set & Save moves money back from your Rainy Day fund.
- Smart Bills. Pick a recurring bill, such as rent or a car payment. Set & Save puts aside the same amount each week and sends the money back to your bank before the bill is due. You still pay the bill yourself.
- Withdrawals. A standard transfer back to your bank is free and takes 1 to 5 business days. Where your bank supports real-time transfers, an instant withdrawal costs 99 cents.
Source: Oportun’s Set & Save page and its FAQ.
MoreHow to automate your savings
What Set & Save costs
Digit cost $5 a month when the CFPB wrote its order in 2022. Set & Save costs a little more, and how you pay changes the price.
| Item | What you pay |
|---|---|
| Free trial | 30 days, starting when you connect a checking account |
| Monthly plan | $5.99 a month |
| Yearly plan | $47.88 billed once a year, which works out to $3.99 a month |
| Standard withdrawal | Free. 1 to 5 business days |
| Instant withdrawal | 99 cents, where your bank supports it |
| Interest paid to you | None listed on Oportun’s savings page, FAQ or app store listings |
| Managing an Oportun loan in the app | Free |
Source: Oportun’s savings page, FAQ and app download page, read for this update. Prices can change.
The monthly plan adds up to $71.88 a year. Oportun says members save $1,800 a year on average and adds that the figure is not a guarantee. On that average, the monthly plan costs about 4% of what you put away, and the yearly plan about 2.7%. If Set & Save moves less than that for you, the fee takes a bigger bite.
There is a second cost that is easy to miss. Oportun’s latest annual report counts the interest earned on Set & Save member accounts as part of the company’s own revenue, and its public pages do not mention paying any of it to you. In a savings account of your own, that interest is yours.
Is Set & Save safe and legit?
Yes, it is a legitimate product. Oportun is a public company listed on the Nasdaq as OPRT, and it says the savings tool has been moving money for members since 2015. Three things are worth understanding before you link a bank account.
Where your money is held
Oportun is a financial technology company, not a bank. It says it holds your savings in accounts at Wells Fargo, JPMorgan Chase and Citibank, which are all FDIC members. That lets FDIC insurance pass through to you, up to $250,000 at each bank. The limit counts any other money you already keep at that bank, and Oportun says certain conditions must be met for the coverage to apply.
The insurance covers the failure of one of those banks. It does not cover a problem at Oportun itself.
What the CFPB order means for you
On August 10, 2022, the CFPB issued an order against Hello Digit, the company behind the app. The CFPB said it found three things.
- Digit said its tool “never transfers more than you can afford” and offered a “no overdraft guarantee.” The CFPB said the tool routinely caused overdraft fees at customers’ banks.
- Digit said it would reimburse those fees. The CFPB said the company often denied the requests, and that it had received nearly 70,000 of them since 2017.
- Digit said it would not keep the interest earned on customers’ money. The CFPB said it kept a significant amount of it.
The order made Hello Digit pay a $2.7 million penalty and pay the reimbursement requests it had denied. The CFPB’s summary of the case puts those repayments at $68,145 or more and says the order bars the company from misrepresenting its auto-save tool.
Two practical points follow. First, the risk the CFPB described comes with any app that pulls money from checking on its own, because a transfer can land right before a bill does. We did not find an overdraft guarantee or a refund promise on Oportun’s savings page, FAQ or app store listings when we checked, so treat an overdraft fee from your bank as your own cost. Set the minimum balance and the daily cap on day one. Second, if you were a Digit customer who was refused an overdraft refund before the order, the order required the company to pay it.
What the app store ratings show
The app is listed as Oportun: Savings & Loans. As of this update, it shows 4.7 out of 5 from about 289,000 ratings in Apple’s App Store and 3.9 out of 5 from about 48,400 reviews on Google Play. The app is shared with Oportun’s loan customers, so those scores are not about Set & Save alone.
How to cancel Set & Save or an old Digit account
Oportun says you can cancel at any time at no cost. Its billing terms say you cancel in the app or by contacting customer service, and its website lists a Set & Save support line at (855) 314-5934. We would do it in this order.
- Move your savings back first. Transfer each goal to your bank and wait for the money to arrive. A standard transfer takes 1 to 5 business days.
- Cancel in the Oportun app. If you cannot find the option, call or email support and ask for written confirmation.
- Check your next bank statement. Make sure the $5.99 charge has stopped.
If you are still inside the 30-day trial, cancel before it ends and you will not be charged. If you paid for a year up front, ask support about a refund before you cancel. Oportun’s public pages do not say whether unused months are returned.
Old Digit members are not locked out. The login page at digit.co is still live and carries a notice that Digit is now Oportun.
Set & Save pros and cons
- Saves without you lifting a finger
- Unlimited goals, plus a Rainy Day fund
- A balance floor and a daily cap you set yourself
- 30-day free trial, and you can cancel anytime
- $5.99 a month, up from Digit’s $5
- No interest listed on your savings
- No alert when it moves your money
- Digit’s checking and investing features are gone
Who should use it, and who should skip it
Use Set & Save if every other method has failed. If you have opened savings accounts before and never moved a dollar into them, about $72 a year for software that does it for you can be money well spent. It also changes the amount each time, which helps when your income is uneven.
Skip it if your paycheck is steady and you can set one recurring transfer for the day after payday. That costs nothing, and in a high-yield account the money earns interest. Skip it too if your checking balance often runs close to zero, because an automatic pull at the wrong moment is how overdrafts happen.
Apps like Digit: what we would use instead
These are the closest replacements we can point you to. The first three move money for you. The last two are high-yield savings accounts, for people who would rather set up the transfer once and collect the interest.
| Option | How it saves | Cost | Where the money sits | |
|---|---|---|---|---|
| Oportun Set & Save | Moves varying amounts on its own | $5.99 a month, or $47.88 a year | Partner banks. No interest listed | |
 Rocket Money | Autopilot moves small amounts for you | Premium, typically $7 to $14 a month | An FDIC-insured account at nbkc bank | See Rocket Money |
 Acorns | Rounds up purchases and invests the change | From $4 a month | An investment portfolio that can lose value | See Acorns |
 Current | Rounds up debit card purchases into pods | No charge listed for pods or Round-Ups | Savings Pods with a bonus of up to 4.00% | See Current |
 SoFi | You set one recurring transfer | No account fees | Savings at 3.30% APY with eligible direct deposit | See SoFi |
 Raisin | You set one recurring transfer | No platform fees | Partner banks, up to 4.25% APY for new users | See Raisin |
Details are from each company’s own site, read for this update, and can change. Rates are variable.
Rocket Money
Closest to the old DigitRocket Money’s Smart Savings autopilot does what Digit did. It studies your checking balance and spending, then moves small amounts into a separate account every one to three business days. Premium also cancels subscriptions for you and adds unlimited budgets.
The catchThe free plan does not include automatic savings. Rocket Money is a financial technology company, not a bank. Banking services are provided by nbkc bank, Member FDIC.
Get started with Rocket MoneyOur Rocket Money review covers the rest of the app.
Acorns
Best for round-upsAcorns rounds each purchase up to the next dollar and invests the difference in a ready-made portfolio. You can add a recurring investment from $5 a day, week or month, and that first one is what earns the $20 bonus.
The catchYour spare change is invested, not saved, so the balance can go down as well as up. The fee is flat. On a $500 balance, $4 a month works out to 9.6% a year.
Get the $20 bonus at AcornsAcorns is one of several micro-investing apps that work this way.
Current
Round-ups into savingsCurrent rounds each debit card purchase up to the nearest dollar and drops the change into a Savings Pod you choose. Pods earn a bonus Current calls Boost: 4.00% a year if you receive a payroll deposit of $200 or more, or 0.25% if you do not.
The catchThe bonus applies to the first $2,000 in each pod, $6,000 in all. Anything above that earns 0.00%. Round-Ups only happen when you pay with the Current debit card.
Get started at CurrentCurrent’s sign-up page also lists a $75 bonus for new customers who enter code WELCOME75 and receive $1,500 or more in payroll deposits within their first 35 days. Current is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Member FDIC, and/or Cross River Bank, Member FDIC.
For the account behind the pods, read our Current review.
Or skip the app and use a high-yield savings account
This is the cheapest version of what Digit did. Open the account, then set a recurring transfer from checking for the day after payday. Start small. Even $25 a paycheck builds the habit, and you can raise it later.
MoreBest high-yield savings accounts
SoFi Checking and Savings
No account feesSoFi Checking and Savings is a bank account, so there is no app fee between you and your money. Point a recurring transfer or a slice of your paycheck at the savings side and it earns interest.
The catchThe 3.30% APY applies with eligible direct deposit or $5,000 in qualifying deposits. The rate is variable and can change at any time.
See SoFi’s offerSoFi’s offer page for new members listed up to $450 in bonuses when we checked: $400 for $5,000 or more in eligible direct deposits within 25 days ($50 for $1,000 to $4,999.99), $25 for opening Checking and Savings as your first SoFi account and depositing $50 or more within 25 days, and $25 for enrolling in SoFi Plus. There is no minimum balance requirement. Fees may reduce earnings. See SoFi for current rates and full terms. SoFi Bank, N.A. Member FDIC.
Raisin
Highest rate hereRaisin is a marketplace, not a bank. One login lets you open savings accounts and CDs at more than 100 banks and credit unions and move money between them as rates change.
The catchThe 4.25% APY is a promotional rate for new Raisin users. The highest savings rate without that label was 4.12% APY when we checked.
Compare rates on RaisinRates vary by product and can change. Raisin is not a bank. Deposits are held at FDIC-insured banks and NCUA-insured credit unions.
Our Raisin review explains how the platform works.
If you came for the budgeting side
Digit used to plan for your bills as well. Smart Bills still does a narrow version of that. If you want the full picture, with every account and bill in one place, a budgeting app is the better tool. It will not move money for you.
Read our Monarch Money review, or compare the best budgeting apps.
Our take: if you want the closest thing to the old Digit, it is Rocket Money Premium. If the monthly fee was your problem with Digit in the first place, open a high-yield savings account and automate one transfer.
How to get started with Set & Save
If you have read this far and still want it, that is a fair call. Here is how to try it without surprises.
- Download the Oportun app and turn on Set & Save. Both app stores list it as Oportun: Savings & Loans.
- Connect the checking account your paycheck goes into. The 30-day free trial starts here.
- Set your guardrails before the first save. Choose a minimum checking balance and a maximum daily save.
- Create one goal. The Rainy Day fund is already there. Add a second goal only once you have seen how much it moves.
- Put a reminder on day 25. Look at what it saved, compare that with the fee, and cancel before day 30 if the numbers do not work.
Digit and Set & Save FAQ
The closest match is Rocket Money. Its Smart Savings autopilot is a Premium feature that studies your checking account and moves small amounts into savings every one to three business days, which is what Digit did. If you would rather round up purchases, Acorns invests your spare change from $4 a month. If you want no monthly fee at all, open a savings account at SoFi and set one recurring transfer.
Oportun bought Digit in December 2021 and retired the Digit name in 2023. The automatic savings tool is now called Set & Save and lives inside the Oportun app. Oportun also announced the end of Digit’s checking, investing and retirement products in 2023. Today digit.co forwards to Oportun’s savings page.
Set & Save, the tool that replaced Digit, costs $5.99 a month, or $47.88 billed once a year, which works out to $3.99 a month. New members get a 30-day free trial that starts when they connect a checking account. Standard withdrawals are free, and an instant withdrawal costs 99 cents.
No. Set & Save is free for the first 30 days, then costs $5.99 a month or $47.88 a year. The Oportun app itself is free to download, and Oportun says using it to manage a personal loan is free.
It is a real product from Oportun, a public company listed on the Nasdaq. Oportun is not a bank. It says savings are held at Wells Fargo, JPMorgan Chase and Citibank, where FDIC insurance can pass through to you up to $250,000 at each bank if certain conditions are met. In August 2022 the CFPB fined Hello Digit $2.7 million after finding that its tool caused overdrafts it had promised would not happen, so set a minimum balance before your first save.
Oportun’s savings page, FAQ and app store listings do not mention any interest or bonus paid on money held in Set & Save, and its annual report counts interest earned on member accounts as company revenue. If earning interest matters to you, a savings account is the better home for the money. Raisin listed savings rates up to 4.25% APY when we checked. The top rate was a promotional one for new users.
Oportun says you can cancel at any time at no cost, in the Oportun app or by contacting customer service. Its website lists a Set & Save support line at (855) 314-5934. Move your savings back to your bank first, which takes 1 to 5 business days, then cancel and check that the charge has stopped.
Yes. The old login page at digit.co is still live and says Digit has a new name, Oportun. The mobile app is now listed as Oportun: Savings & Loans in the App Store and on Google Play.
Digit and Set & Save details come from Oportun’s website, its filings with the SEC, the CFPB’s order and both app store listings, read for this update. Rates, prices and bonuses were checked on each company’s site and can change, so confirm the current terms before you sign up. Investing involves risk, and you can lose money. Advertiser disclosure: We may receive compensation from some of the companies listed on this page. This does not influence how we rank them.
