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Oportun review

Oportun review

Moneywise.com / Moneywise.com

Partners on this page provide us earnings.

Oportun purchased Digit in 2021. This merger means that users get the great app, backed by a full service bank.

If you’ve ever tried to create a savings habit, you know how difficult it is to get started. After opening a separate savings account, you begin to put as much money as possible into it each month. But then, after a few weeks, an emergency inevitably happens, and you need to use the money. Now you’re back to square one. This is where a service called Oportun can help. Here's our Oportun review.

Oportun app logo


Commissions and fees3

Customer service3.8

Ease of use4

Education 3.3

Savings options4


Although Oportun charges a fee and won't make you money over the long term, it's an easy and painless way for people to start saving. The system is truly set-it-and-forget-it, allowing your to grow your money without a second thought.

Oportun pros and cons



  • Helps you set and track different saving goals using Oportun's algorithms

  • Automatically budget for monthly bills

  • Variety of ETF investment options

  • No-fee debit card that helps you spend within your budget



  • Not many investing options or control over the assets you invest in

  • The $5 monthly fee is high for small account balances

  • Great for beginners but not as useful for experienced investors

What is Oportun?

Oportun is a microsavings platform designed to help you save small bits of money over time. As with Acorns, you won’t get rich off the money you save with this service, but it does initiate that first step toward creating a savings habit and building wealth.

You can use the money you save in your account for a summer vacation or small emergencies like car repairs. Because of Oportun's micro-savings format, it’s not likely it will propel you towards a car or a down payment on a new home. But it's useful for setting smaller savings goals and staying on top of your bills.

More recently, they have begun offering robo investing services for more long-term financial goals. And you can now spend and budget for monthly bills while you work towards your saving goals.

Oportun features

Feature Details
Minimum investment $0
Fees $5/month
Mobile access iPhone App, Android App
Website access
Accounts Traditional IRA, Roth IRA, Savings

How does Oportun work?

At its core, Oportun is a micro-savings app that helps you build good financial habits. But the app has changed a lot over the years. Nowadays, the Oportun app has numerous features to help you save, spend, and invest your money wisely.

Oportun Save

To help you save money, Oportun evaluates your spending habits and transfers money from your linked bank account into your account.

In my experience, the average transfer each time is around $9. Sometimes it’s as much as $14 or as little as $2, depending on the balance in my personal bank account. Oportun Savings are FDIC insured up to $250,000.

You can also set as many savings goals as you want so Oportun can help you work towards them and track your progress. This is similar to budgeting apps like Acorns' round-up feature.

You can pause goals anytime and also set a daily savings maximum as well so Oportun doesn't move too much money around.

Customers also get a savings bonus of 0.10% paid out every three months. This interest rate isn't as high as many high-yield savings accounts, but it's nice that Oportun customers still get rewarded for diligently saving money.

Oportun spend

Like its saving side, Oportun uses algorithms to determine how much money you should have in your available spending account at a given time. This amount is based on your historical spending habits, and Oportun's goal is to limit temptation by not keeping all your funds in a spending account.

As for how you pay, Oportun offers a debit card with several perks like:

  • No ATM fees at 55,000+ Allpoint ATMs
  • No overdraft fees
  • FDIC-insurance up to $250,000
  • Instant transfers between your Digit accounts
  • Mobile wallet integration so you can pay from your smartphone

Your Oportun Spend account can also accept direct deposits, so you can transfer money to your account or set up future paycheck deposits.

Oportun budget

Like its automatic savings feature, Oportun also helps make sure you have enough money saved up for your monthly expenses. The app automatically calculates how much money you should keep on the side for bills like:

  • Insurance
  • Phone bills
  • Rent
  • Streaming services and subscriptions

One advantage is that Oportun also slowly moves money into the budgeting category, so you don't notice funds drain from your account at the start of the month.

This automatic form of budgeting is easier mentally, and it also helps prevent the risk you miss payments and incur late penalties.

Oportun invest

One newer and exciting Oportun app feature is the ability to start investing. Like the other accounts, Oportun uses its technology to determine a comfortable amount of money you can invest every month. From there, it helps you pick various exchange-traded fund (ETF) investments that match your goals and risk tolerance.

There are three different Oportun investment portfolios you can try:

  • Conservative: This ETF portfolio minimizes risks and is best for short-term investing.
  • Moderate: This portfolio aims for strong returns over an extended period of time.
  • Aggressive: Oportun's aggressive portfolio has the most growth potential but also the most risk.

Oportun offers both tax-advantaged retirement accounts like Roth or Traditional IRAs and taxable brokerage accounts. You don't pay extra commissions either, and overall, it's a beginner-friendly way to start investing with little money.

You don't have nearly as much control as using an online broker like eToro or trading apps like Robinhood. But if you want to add ETFs to your portfolio while managing your personal finances, Oportun is for you.

Oportun pricing and fees

Oportun charges $5 per month for their service. Your $5 monthly fee gives you access to all of Oportun’s services, including saving and investing. Oportun doesn’t charge a percentage-based fee on your investments or commissions on ETF trades. Your first 30 days are also free.

How does Oportun make money?

Oportun makes money from its $5 monthly subscription fee. It also makes money from interest on cash balances. Finally, users can pay $0.99 to use Oportun's instant withdrawal feature if they want to move money from Digit to their bank account instantly. Normally, Oportun withdrawals take one to two business days depending on the time you make the withdrawal.

What would make Oportun better?

With its simplistic idea, Oportun is focused on helping you save small, affordable bits of money each week. You won’t get rich using Oportun.

They’re honing in on the tech-savvy Millennial marketplace with their innovative text-message savings feature and habit-forming method of getting you to save money regularly.

One thing that would make Oportun better is to have a more concrete formula for calculating your savings transfers. Their current method is much too vague and actually turned me off to their service in the beginning. I tested it out only because a trusted friend used and recommended their service. If nothing else, they do offer a no-overdraft guarantee on your checking account.

It would also be nice if Oportun could add some form of cash-back rewards or a higher APY. Earning 0.10% every three months is nice, but online banking apps like Juno often pay 1% APY or more. And Acorns, one of Oportun's main competitors, now lets you earn cash-back when spending at over 350 different partners.

Is Oportun safe?

Oportun takes plenty of security measures to keep your money and personal information safe. The company uses state-of-the-art security measures, ensuring your personal information is anonymized, encrypted, and stored securely. Additionally, Oportun is an FDIC member, meaning your money is insured up to $250,000 per person per account type.

The company also uses firewalls and other security measures to help keep customer information private and secure. Overall, Oportun is a safe and reliable FinTech app that is similar to many other micro-saving apps.

Is Oportun legit?

Yes, Oportun is legit. While there’s no guarantee of investment performance, both the saving and investing features of Oportun are legitimate, so you can rest assured you aren’t being scammed. The app helps you automatically save money, budget for bills, and helps you invest and spend without paying high fees.

Is Oportun worth it?

Whether or not Oportun is worth it depends entirely on you and your personal financial situation. People who struggle to save money on their own might find Digit’s savings features extremely beneficial. On the other hand, those who have no problem saving might not find the $5 per month worth it.

Similarly, you’ll have to look at your own situation to determine if Oportun’s investing services are worth it for you. It's a useful investment app for beginners, but it's not for everyone. And no matter where you invest, you should always pay attention to any management fees you’re paying. Oportun's $5 fee covers its investing services no matter how much you have invested.

However, you should also pay attention to the fees on any individual investments your money is in. You might find that $5 is a great deal, or you might decide you could save more by going another direction.

Try Oportun for free

Oportun competitors and alternatives

The Oportun app is great for building good habits and keeping on track with monthly bills. However, for more serious investing, there are numerous alternatives that are better choices.


Betterment is a robo advisor designed to help customers build wealth in a variety of different types of brokerage accounts.

Like Oportun, Betterment automatically chooses your investments based on your risk tolerance, but it considers a greater number of factors when choosing investments, including your financial goals and time horizon. Betterment also offers a no-fee high-yield savings accounts

Rather than a flat fee like Oportun, Betterment charges an annual percentage-based fee of 0.25% of assets. Which one is cheaper depends on how much you have in your investment accounts. For amounts of about $20,000 or lower, Betterment’s fees are cheaper. For amounts greater than that, the $5 flat monthly fee is a better deal.

Betterment may be better suited to those who are more focused on investing for long-term goals than for saving. While they don’t have the same automated saving features that Oportun does, the company’s investing tools and options are more robust.


Acorns began as a micro-investing app, allowing customers to deposit money into their investment account by rounding up purchases. The company has since expanded its offerings to include retirement investment, custodial accounts, and checking accounts.

Acorns' primary feature is still its round-up feature. You can set your account to round up each purchase and deposit the excess change into your investment account. To use just this feature, Acorns charges a fee of $1 per month. To upgrade your account to include retirement investing and checking, it will cost $3 per month. Finally, adding a custodial account will cost you $5 per month.

To get similar features, Acorns offers a more affordable monthly fee. However, they don’t offer savings accounts. If increasing your savings is your ultimate goal, Oportun is likely the better option.


Stash is an investing app that allows customers to grow their wealth through a variety of types of accounts. Stash is well-suited to more hands-on investors. It allows customers to buy individual stocks, and even buy fractional shares. As a result, this company might be most well-suited to those who prefer to choose their own investments.

Stash also offers online banking that, like Oportun, allows you to designate certain savings goals and track your progress toward each one. It also offers a unique banking perk where when you use your Stash debit card to shop at well-known brands, you’re rewarded with a piece of matching stock to help grow your investment portfolio.

Stash offers two different plans:

1. Stash Growth: This plan costs $3 per month and lets you invest on your own in a personal portfolio or use Stash's Smart Portfolio to invest automatically. You can also use its stock-back card to earn free stock rewards for shopping and get paid up to two days early.

2. Stash+: This plan costs $9 per month and includes everything in Stash Growth. But it's designed for families, and you can open two kid custodial accounts to begin investing. You can also get up to $10k in life insurance through Stash's partner Avibra.

Highlights Betterment Acorns Stash
Rating 4.5/5 4.25/5 4.25/5
Minimum to open account $10 $0 $0
401(k) assistance
Two-factor authentication
Advice options Automated, human assisted Automated Automated
Socially responsible investing
Reviews Betterment Review Acorns Review Stash Invest Review
Links Sign up Sign up Sign up

Bottom line

If you want an all-in-one budgeting app that helps you save and also invest, Oportun is an excellent app worth using. You don't have as much control over your investments as using a robo-advisor or stock trading app. But for automatic saving and budgeting based on your spending habits, it's a useful app.

Alternatives like Acorns are better if you care more about investing but still like having a round-up feature for consistency. And for longer-term goals, you can use robo-advisors like Betterment to save on fees and enjoy more investing choices.

Disclaimer- Paid non-client endorsement. See Apple App Store and Google Play reviews.View important disclosures.Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser. This material has been distributed for informational and educational purposes only, and is not intended as investment, legal, accounting, or tax advice. Investing involves risk.

¹For securities priced over $1,000, purchase of fractional shares start at $0.05.

²Debit Account Services provided by Green Dot Bank, Member FDIC and Stash Visa Debit Card issued by Green Dot Bank, Member FDIC. pursuant to a license from VISA U.S.A. Inc. Investment products and services provided by Stash Investments LLC, not Green Dot Bank, and are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value.” because the article mentions the debit card.

³You’ll also bear the standard fees and expenses reflected in the pricing of the ETFs in your account, plus fees for various ancillary services charged by Stash and the custodian.

⁴Other fees apply to the debit account. Please see Deposit Account Agreement for details.

Stock-Back® is not sponsored or endorsed by Green Dot Bank, Green Dot Corporation, Visa U.S.A, or any of their respective affiliates, and none of the foregoing has any responsibility to fulfill any stock rewards earned through this program.

Carrie Smith Freelance Contributor

Carrie was an accountant for the past 10 years and has a background in editing. In 2011 she founded carefulcents.com a site that helps other entrepreneurs and small businesses make more money in less time.


The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.