How to Cancel Digit in 2026 (Stop Auto-Saving + Get Your Money Back)

Updated 2026-02-20 · 5 min read

🤖 Paying $60/Year to Set Up an Automatic Transfer

Digit charges $5/month ($60/year) for an algorithm that moves small amounts from your checking to Digit's savings account. The savings account earns 0.10% APY. Meanwhile, a high-yield savings account at Ally or Marcus pays 4.00-4.25% APY with a free automatic transfer. You're paying $60/year for the "convenience" of worse interest rates.

Digit's Features (And Free Alternatives)

Auto-saving algorithm: Digit analyzes spending and saves "safe" amounts → Your bank's auto-transfer does the same
Savings goals: Set goals and track progress → Ally "Buckets" do this for free at 4%+ APY
Overdraft prevention: Digit says it won't overdraft you → But it has, many times (app store reviews)
Rainy Day Fund: Emergency savings → Any HYSA does this better with 40x the interest
0.10% APY: On $5,000 savings = $5/year in interest. The $60/year subscription costs 12x what you earn.

How to Withdraw Your Money

Open the Digit app
Tap your savings balance
Tap Withdraw → select your full balance
Money returns to your linked bank account in 1-3 business days
Withdraw ALL savings goals — check each one individually
Wait for all transfers to complete before canceling

How to Cancel Digit

Withdraw all funds first (above)
Open Digit app → Settings
Tap Subscription → Cancel Subscription
Confirm cancellation
To delete your account: Settings → Close Account
Or email help@digit.co requesting account closure
Revoke bank access: Remove Digit/Plaid from your bank's connected apps

The Math: Digit vs Free Auto-Transfer

Saving $200/month for 1 year:

Digit: $2,400 saved - $60 subscription + $2.40 interest (0.10%) = $2,342.40

Ally HYSA: $2,400 saved + $52 interest (4.25% avg) = $2,452.00

Difference: $109.60/year — Digit costs you $110 compared to a free HYSA

Over 5 years: $548+ lost to subscription fees and inferior interest

Free Auto-Saving Alternatives

Your bank's auto-transfer: Set up a recurring transfer of $50/week to savings. Free. Done.
Ally Bank "Buckets": 4.20% APY savings with labeled goal buckets — visual, easy, free
Marcus by Goldman Sachs: 4.00% APY, auto-deposits, no minimum — free
Apple Savings (with Apple Card): 4.40% APY, round-ups, auto-save — if you have an Apple Card
Qapital (free tier): Rule-based saving (round-ups, rainy day) — free tier available

💡 The Auto-Save Secret

Every bank lets you set up a recurring automatic transfer from checking to savings for free. Set it to $25-100/week on payday. This is literally what Digit does — minus the $5/month fee and the bad interest rate. The "AI algorithm" is just a fancy auto-transfer with worse terms.

🔍 Find What's Eating Your Savings

Upload your bank statement to JustCancel to find every recurring charge — Digit's $5/month is just one of many subscriptions quietly draining your checking account.

⚡

Quick Cancel Guide: Digit

Direct cancel link + step-by-step instructions