March 16, 2019
You begin to feel your heart rate increasing. Taking a deep breath, your lungs filling with air like a balloon that’s about to pop at any second. You close your eyes, say a quick, mini-prayer, and then open your eyes. Finally, you let out that breath you’ve been holding in for so long. Looking down at your phone, you realize your prayer has been answered as you read “Available Bank balance = ‘$10.27.'” It was a close one, but you made it.
If this has ever happened to you, don’t worry – you’re not alone. For many, a task as simple as checking your bank balance is known to cause anxiety, stress, and fear. Like countless others, you do the best you can to stay on top of your budget, while trying to keep an eye on your bank balance at all times. However, there may be a few instances when you forget to pay a bill, spend a little more than planned, and end up running close to $0. As you know, overdraft fees are expensive and you want to avoid those at all costs.
How does Auto Advances work?
In simple terms, if we predict you’re running low, the Brigit app will send you money automatically to prevent an unwanted overdraft fee or declined debit card transaction. Pretty cool right?
You may be thinking, “but how do they know when to send my money? How accurate is Brigit’s prediction?” Our prediction algos were created using insights from 4 billion cash flow data points that take into account your spending and income patterns. We are proud to share that our predictions have been 99.99% accurate in sending members the right amount of money before they run out, saving them hundreds in fees.
5 reasons to enable Auto Advances in the Brigit App:
1. You’ll be covered for any unexpected expenses and bills.
It happens. For instance, sometimes you forget about a bill coming up or spend more than you thought you would on an expense. Auto Advances ensures that if this happens, you’ll be covered no matter what. In fact, in the last month alone, Brigit covered over 35,700 unexpected low balances!
2. It’s made to be set up once and forgotten.
You won’t have to stress over your balance on the daily because we’ll keep an eye on it and protect it from falling below $0. End your worries of running short on money for bills and expenses and finally get the peace of mind you know you deserve. The best part is, even with Auto Advances enabled, you’ll still be able to receive advances ‘on-request’ if at any point you need money sooner!
3. You’ll get your money’s worth!
Auto Advances is one of many features included in a $9.99 / month Brigit app membership. Make sure you get the most of your money by enabling a protection that will cover you today AND in the future. For a feature that’s already included in your membership, why not let us do the heavy-lifting at no extra cost?
4. End low balances and overdraft fees for good.
We all hate overdraft fees (…and they’re expensive too!) Auto Advances was designed as a preventative solution to low balances and overdraft fees. So far, we’ve been able to save our users an average of $525 in overdraft fees!
5. Long-term protection.
We’re here for the long run. Whether you need money today or in a few months, we’ve got you covered for any expense that comes up. Just enable once, and leave the work to us.
In the end, Auto Advances is something you can decide to enable or disable in the Brigit money app. We want you to feel in power of your finances, which is why we’ve given you the tools to help you do so. Whether your goal is to save, end overdrafting, or avoid low balances, we hope our Auto Advances feature gives you the financial support you need to achieve peace-of-mind.