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The Oportun app brings together personal loan management and automated savings in a single mobile experience. The savings feature, called Set & Save, learns your income and spending patterns to automatically move money into a savings account at the right times and in amounts you can afford — without requiring you to think about it.
Set & Save allows users to create multiple savings goals, from rainy day funds to travel, gifts, down payments, loan payments, and credit card bills. Members can set daily savings maximums, pause saving at any time, and withdraw funds on demand. A balance protection feature automatically moves money from a Rainy Day fund back to the linked bank account if the balance falls below a user-defined minimum.
Since 2006, Oportun has provided 7.7 million loans and helped members set aside over $10 billion toward savings goals. Members who use the paid savings app save an average of more than $1,800 per year. Oportun is certified as a Community Development Financial Institution by the U.S. Department of the Treasury and holds an A+ rating from the Better Business Bureau. The app is available on iOS and Android and can be set up in under five minutes.
- Automatically saving money by learning your income and spending habits over time
- Setting multiple personalized savings goals for different financial priorities at once
- Protecting your bank account balance by auto-transferring funds when it drops too low
- Managing your Oportun personal loan payments and account activity from a mobile app
- Building an emergency fund gradually through small automated transfers over time
- Saving toward a vacation or travel goal with intelligent incremental deposits
- Setting aside funds for recurring bills such as credit card payments or loan installments
- Withdrawing saved funds on demand with free standard or paid instant transfer options
- Pausing automatic savings at any time and resuming when your financial situation allows
- Establishing a down payment savings goal and working toward it with automated transfers
- Getting set up with connected bank account and active savings goals in under five minutes
- Tracking progress toward multiple financial goals simultaneously in a single dashboard
