Fintech savings app Digit launched an instant withdrawals feature with the help of JPMorgan Chase to allow users to move money to their bank account; the launch is in part a response to pressure about overdraft fees from Congress and advocacy groups; instant withdrawals will also help to test real time payments from JPMorgan Chase based on The Clearing House’s RTP service; the new service helps to solve the issues around ACH taking a few days to clear and putting consumers in a bind; Digit has been working to help consumers save money, in particular those who live paycheck to paycheck and this is the next step in their evolution. Source.
