Digit Direct Account Reviews (October 2021)

Highlights
Monthly Fee	$9.99
ATM Fee: Out-of-Network	$2.50
Minimum Balance to Avoid Monthly Fee	N/A
APY (Annual Percentage Yield)	0%

Digit Direct Account Review

Digit Direct Account is offered by Digit, a nonbank financial services provider founded in 2013 and based in San Francisco, CA. It is made possible by a bank partnership with MetaBank®, N.A.. Digit Direct Account is available in 50 states (and Washington, DC).

Key Takeaways

0% APY. As with most checking accounts, Digit Direct Account does not pay interest.
Charges a monthly fee. This account charges a monthly service fee of $9.99.
No minimum initial deposit. There is no minimum balance required to open an account.
Bill pay. Pay your bills to practically anyone in the United States through Digit.

Digit Direct Pros & Cons

Pros	Cons
Available in all 50 states. Free debit card and the option to lock/unlock the card if lost or stolen No charge on incoming domestic or international wire transfers.	No signup bonus. Does not earn interest Online-only account with no access to physical branches. Does not provide access to a nationwide ATM network. Monthly service charge. Charges a higher than average fee on out-of-network ATM transactions.

Digit Direct FAQ

Are checking accounts from Digit federally insured?

Yes, your Digit checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Digit Direct offer?

Digit Direct is not an interest-bearing account.

What are the account minimums for Digit Direct?

Digit Direct does not require a minimum initial deposit.

Digit Direct Account Minimums
Description
Minimum Opening Deposit	$0

What fees does Digit Direct charge?

This account charges a monthly service fee of $9.99.

Digit Direct Account Fees
Description
ATM Fee: In-Network	$0
Foreign Transaction Fee (Debit Card)	0%
Monthly Fee	$9.99
Overdraft Item Fee	$0
ATM Fee: Out-of-Network	$2.50

Does Digit Direct charge overdraft fees?

No, Digit Direct does not charge overdraft fees.

What features and perks does Digit Direct offer?

This account includes the following features:

Fraud monitoring - Digit Direct monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
Mobile Banking Services - Digit Direct allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

What is the customer support email for Digit Direct?

The customer support email for Digit Direct is help@digit.co.

Digit Direct Account Disclosure: Direct? is a deposit account established by MetaBank®, N.A., Member FDIC. Digit Visa® Debit card is issued by MetaBank, pursuant to a license from Visa U.S.A. Inc. Card can be used everywhere Visa debit cards are accepted.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.