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The bottom line: Oportun (previously Digit) is probably best for people who already have an Oportun personal loan or credit card. Existing members get a year of free access to the savings app before the $5 monthly service fee kicks in. It's also useful if you want budgeting and savings tools to help you save or put money toward investing and retirement. But its savings rate is low, and it has limited investment options. If you want a high-yield savings account or a wide range of investment options, you're better off looking elsewhere.
Oportun Savings App Pros and Cons
| Pros | Cons |
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Oportun App Review
Oportun App Learn more On Oportun's website
Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Account Minimum$0
Fees$5 monthly service fee
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum opening deposit
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. 30-day free trial
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Oportun personal loan and credit card customers get 1 year free membership
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Savings tools
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Set personalized savings goals
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Put money toward savings, investment, or retirement account
- con icon Two crossed lines that form an 'X'. $5 monthly fee
- con icon Two crossed lines that form an 'X'. Low savings interest rate
- con icon Two crossed lines that form an 'X'. Does not compound interest on savings
- con icon Two crossed lines that form an 'X'. Limited investing options
- Link Oportun to your bank account, and Oportun will automatically transfer funds to help you save
- Choose how to allocated transferred funds between your Oportun savings, investment, and retirement accounts
- Open a traditional IRA, Roth IRA, and/or investment account; invest in ETFs
- Oportun invests based on the level of risk you want
- The 0.10% annual savings bonus is paid every 3 months, and it is based on your average daily balance over the previous 3 months
- Certified as a community development financial institution (CDFI), which aim to help disadvantaged communities
- Savings balance is FDIC insured through partner bank, Pathward N.A.
The Oportun App is a good tool for helping you figure out how much you can afford to save — and for helping you take action. You might like the app if you want to start saving or investing but either a) don't know how to get started, or b) don't want to spend the time or energy figuring out how much you can afford to set aside. Oportun looks at your bank account balance daily to determine how much you can save, so you can save more money than you would have otherwise.
However, Oportun charges a $5 monthly service fee monthly service fee after the free trial, and there's no way to waive it. But if your main goal is to save as much as you can with automatic savings, you might decide downloading Oportun is worth the tradeoffs.
About Oportun
Oportun is primarily known for its personal loans, but it also has credit cards, investment and retirement accounts, a credit account with Sezzle, and a savings account with savings and budgeting tools. The savings app was originally Digit, but Digit rebranded when Oportun acquired the company.
The savings app has a $5 monthly fee, and you can't waive it. However, there is a 30-day free trial, and existing personal loan and credit card customers get the first year free.
To contact customer support, you can fill out a form online, send an email, or text a bot. Oportun has phone numbers for loans, credit card, and the credit account on its website, but not a number for savings customers.
The mobile app has 4.7 out of 5 stars in the Apple store, and 4.1 out of 5 stars in the Google Play store.
Oportun is not a bank, but your deposits are FDIC insured for up to $250,000 through its partner bank, Pathward, N.A. This means that should Oportun or Pathward shut down, your insured money is still safe.
About CDFIs
Since 2009, Oportun has been certified as a community development financial institution, or CDFI. These organizations aim to help low-income and disadvantaged communities with their finances.
In a 2021 press release, Oportun announced that it was giving a $2 million low-interest loan to the Opportunity Finance Network (OFN), which would be used to extend loans to other CDFIs to help underrepresented communities. The company stated that it had offered 4.3 million affordable loans since 2006. It also said that 925,000 customers had started using Oportun to build credit when they didn't have a FICO score yet.
You'll link your bank account to Oportun to make transfers into the savings, investment, or retirement accounts. Some apps only link to larger banks, but Oportun is more flexible about serving various types of customers. So if you live in a low-income area and use a small, local institution, Oportun could be a good choice.
Is Oportun Trustworthy?
The Better Business Bureau gives Oportun an A+ grade. A strong BBB score indicates that a company responds effectively to customer complaints, is transparent about business practices, and advertises honestly.
A good BBB grade doesn't guarantee you'll have a good experience with a company, though. You may want to read online customer reviews or talk with friends and family who use Oportun to determine whether it will be a good fit.
In 2021, the Consumer Financial Protection Bureau issued a civil investigative demand to Oportun. Oportun had sued Texas borrowers 47,000 times from May 2016 to July 2020, and the CFPB investigation looked into Oportun's lawsuits from 2019 to 2021 and hardship programs during the COVID-19 pandemic.
However, in March 2023, the CFPB completed its investigation and decided not to take action against Oportun.
Oportun Savings App FAQs
Is Oportun safe and legit? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.Yes, your savings balance is FDIC-insured for up to $250,000 through Oportun's partner bank, Pathward, N.A. If either company shuts down, your insured money is still safe.
What bank does Oportun work with? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.Oportun's partner bank for savings and loans is Pathward N.A. It partners with WebBank, N.A., for credit cards.
How much does the Oportun savings app cost? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.The Oportun savings app has a 30-day free trial, then you'll pay a $5 monthly service fee. If you're an existing loan or credit card customer, your first year using the app is free.
Methodology: How We Reviewed the Oportun Savings App
To review Oportun, we used our bank account methodology. We rate each account on a scale from 0 to 5.
For savings accounts, we look at minimum opening deposits, interest rates, fees, ethics, customer service, and the mobile app.
Because Oportun is primarily a savings/budgeting app, we also looked at availability, including whether it's available in both the Apple and Google Play stores and whether it's in beta mode or available to the public. And we checked platform usability, such as how easy it is to sign up, the process for linking your bank account, and how it tracks your goals and spending.
How Oportun Savings App Compares
Oportun Savings App vs. Qapital Goals Account
The Qapital Goals Account is featured in our best budgeting apps guide as the best option for saving for financial goals.
Qapital is an app that helps you save and invest. Like Oportun, it lets you create personalized savings goals. It also has a unique feature called "Rules." Rules are suggested plans you can follow to help you save. For example, the "52 Week Rule" helps you save $1,378 over the course of a year. The "Set and Forget Rule" lets you deposit a specific amount of money into your Qapital account each week.
Like Oportun, Qapital doesn't have a free plan. However, it has three tiers you can choose from. Its Basic plan is $3 per month and gives you access to savings tools — so if you just want to save, it's more affordable than Oportun. To invest, you'll need to sign up for its $6 monthly Complete plan or $12 monthly Premier plan. If you also want an app that helps you invest, Oportun will cost less.
Oportun Savings App vs. Rocket Money
Rocket Money is also on our list of the best budgeting apps, and we chose it as the best for reducing bill payments and spending.
Rocket Money analyzes your spending habits and bills to see where you can save money. Its standout feature is Bill Negotiation. Upload a copy of your bill to the app, and Rocket Money evaluates whether you can get the same service with the company for a better price. You also might be able to get refunds if a bank charges you overdraft or late fees.
The two apps' offerings are pretty different. Rocket Money is probably the better fit if you want to focus on budgeting and cutting costs. Oportun might be better if you're looking for savings tools.
Laura Grace Tarpley, CEPF Personal Finance Reviews Editor Laura Grace Tarpley (she/her) is an expert in mortgage rates, refinance rates, lenders, bank accounts, and borrowing and savings tips for Personal Finance Insider. She worked on Business Insider's "The Road to Home" series, which won a Silver award from the National Associate of Real Estate Editors.She has written about personal finance for over seven years. Before joining the Business Insider team, she was a freelance finance writer for companies like SoFi and The Penny Hoarder, as well as an editor at FluentU. Read more Read less 
Evelyn He Compliance and Operations Associate Evelyn He is a Compliance and Operations Associate on the Personal Finance team to ensure content accuracy and editorial independence so readers get up-to-date and objective financial advice.The compliance team's mission is to provide readers with fact-checked and current stories so they can make informed financial decisions. The team also works to minimize risk for partners by ensuring language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team. Read more Read less Top Offers From Our Partners 
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