Saving & Spending Budgeting & Expenses

Oportun App Review [2025]: Can it Really Help You Save Money?

Not sure how much money to set aside for a rainy day? Oportun can do the work for you.

By Lindsay Frankel

Edited by Jess Ullrich

Updated Oct. 22, 2025

Oportun

OUR VIEW

Oportun (formerly Digit) is a smart savings and investing app designed for people who struggle to save consistently.

It analyzes your income, bills, and spending habits to automatically move small, safe amounts into savings—helping you build an emergency fund or reach financial goals without stress.

There is a $5 monthly subscription fee, which could be a deterrent for some users. While the app makes saving effortless and secure with FDIC insurance and strong encryption, its subscription fee, lack of high interest rates, and reliance on accurate cash flow data mean it’s best suited for users who prioritize automation over manual, more precise control.

Pros

Automated savings

FDIC-insured

Cons

$5 monthly fee

Low APY on savings

How we rate products

What is Oportun?

Founded in 2013 by Ethan Bloch, San Francisco-based Oportun is a finance app that helps people effortlessly save money without cutting into their expenses through its Set & Save feature. It's a legitimate way to save money in an FDIC-insured account without having to keep track of a monthly transfer amount or worry about overdraft fees.

Because Oportun analyzes your spending habits to decide how much to save for you, it saves you time and energy and helps you avoid mistakes. In addition to stashing customers' money in FDIC-insured bank accounts, Oportun also has security features that can offer peace of mind, like military-level 256-bit encryption and touch or face ID on its iOS app.

How to use Oportun

When you sign up for Oportun, it takes the guesswork out of how to save money fast. It offers a 30-day free trial, and after that, you'll pay $5 for a monthly subscription.

Once you're signed up, Oportun will regularly analyze your spending and upcoming bills against the money you make. It will then move extra money from your checking account to your Oportun account each day if you can afford it.

For added protection, Oportun also lets you set custom savings controls to limit how much it saves and help protect you from overdrafting your account.

To determine how much to save for you, Oportun looks at the following four factors:

Your bank account balance
Your upcoming bills
Your upcoming income
Your recent spending

Based on these figures, Oportun calculates a safe amount of money to save and deposits that amount into your Oportun account.

Unlike automatic transfers at a traditional bank, Oportun adapts your automated savings to your spending habits, bills, and cash flow.

You won't need to pick an amount to transfer, you don't need to worry about maintaining a minimum balance, and you can withdraw from your Oportun account whenever you want.

Oportun also lets you set automatic savings goals, and shows you how far you've come towards achieving those goals. There's no limit to the number of goals you can set.

For instance, you might set a rainy day fund goal, a student loan debt goal, a credit card debt goal, and a down payment goal, and Oportun could help you save towards all of those objectives.

How much can you save with Oportun?

There's technically no limit to how much you can save with Oportun, and your account is FDIC-insured up to $250,000. According to Oportun, the average customer saves more than $1,800 per year.

The more you budget and the less you spend, the more you save. Oportun will even reward you with a 0.10% (as of 04/18/25) annualized savings bonus after you save money for three consecutive months. You don't need to meet an account minimum to get the bonus, and the amount of your bonus is calculated based on your average daily balance.

For instance, if your average daily balance for a particular quarter was $5000, your savings bonus for that quarter would be $1.25. Here's how the math works out: $5,000 x (0.10% ÷ 4) = $1.25.

Since the amount you save with Oportun is also partially determined by your recent spending, it's important to develop healthy spending habits. To maximize your savings, it's a good idea to:

Create a budget for your monthly expenses and stick to it.
Cut unnecessary expenses. An app like Trim can help you identify areas where you could save, and will even cancel unwanted subscriptions for you. (Read our Trim review.)
Consider using apps to save money while you shop.
Generate more income by finding legitimate ways to make money on the side.
Consider earning some extra income by finding the best side hustle for you.

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FAQs

Does Oportun cost money?

You'll get a 30-day free trial, but Oportun costs $5 per month after that. That monthly fee may seem like a lot to pay when you're trying to save money, but Oportun provides many benefits.

These include saving users an average of two overdraft fees per year by providing overdraft protection. When you consider that the average overdraft fee is $33.36, Oportun pays for itself.

Is Oportun secure?

Yes. In addition to providing 256-bit encryption, Oportun uses firewalls and other precautions to protect your data. iOS users can even set a passcode and require Touch or Face ID.

Is Oportun FDIC-insured?

Yes. Your Oportun balance is held at FDIC-insured banks and is insured up to $250,000.

Is there a fee to withdraw from Oportun?

No. It's free to withdraw from your Oportun account, and you can withdraw as many times as you want. It typically takes about one business day for withdrawn funds to appear in your checking account.

Is Oportun better than Qapital?

That depends on your needs. While Oportun is focused on tracking your spending patterns and determining how much to save for you each day, Qapital is more focused on helping you decide how much you should spend based on your savings goals.

Qapital also has some additional features, like pre-built investment portfolios. Members with the basic plan pay $3 per month and save an average of $1,500 per year.

Does Oportun work with my bank or credit union?

According to the Oportun website, Oportun works with thousands of banks and credit unions, with more being added constantly. If your bank isn't listed when you're connecting your checking account to your Oportun savings account, reach out to Oportun support for further assistance.

Bottom line

If Oportun doesn't seem like the best fit for you, there are other ways you can learn how to manage your money with the right financial tools.

If you don't need the support of Oportun's analysis and can afford to make a recurring monthly deposit, you might be better served by a high-yield savings account, which offers a better-than-average interest rate.

Reach Your Savings Goals Faster

5.0

2025 award winner Best Checking and Savings Combo

SoFi Checking and Savings Benefits

Limited-Time Offer: Earn up to a $300 bonus and up to 4.50% APY on Savings (3.80% APY¹ New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at <a href="https://www.sofi.com/banking/">sofi.com/banking</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.SoFi members with Eligible Direct Deposit can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet" >http://www.sofi.com/legal/banking-rate-sheet</a>. with +0.70% APY Boost) for 6 Months on new accounts with eligible direct deposit. Terms Apply.² Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member FDIC.
No account, overdraft, or monthly fees³ We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a>
Get your paycheck up to two days early⁴ Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
Access additional FDIC insurance up to $3 million⁵ SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.