app of the week: secretly stash cash

make money easier for your clients with these apps.

by beth ziesenis

many of us remember the first day we walked into a bank and opened our first checking account. the fact that national online bank day (the second monday in october) exists means that the ritual may have gone the way of the fax machine.

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despite convenience, cnbc reported that late fees, overdrafts and fraud costs american households an average of $577 each year and bankrate reports that 21% of americans have no emergency savings.

with all of our new fancy apps, there has to be a way to help clients, friends and family make saving easier, right?

since october 12 is national savings day, help your clients modernize the way they save for retirement or for rainy days with apps like acorns and digit. they round up your purchases or sneak small amounts away to help users save and invest.

with acorn, one person can create an all-in-one account with investment, retirement, and checking, plus a metal debit card, bonus investments, money advice, and more, for $3 per month. or, for $5 a month, create a family account with investment accounts for kids, plus personal investment, retirement, and checking accounts, and exclusive offers and content.

digit, which was recently acquired by oportun financial corp., is another all-in-one money app that uses data-driven technology to help users budget, spend and save, according to bills due and established long- and short-term goals. after a 6-month free trial, the cost is $5 per month, billed directly to a linked checking account.

what are your favorite banking apps and why? share with us in the comments!