The application described is a finance tool designed to help users save money and manage their finances more easily. It offers features that enable users to set up savings goals for various personal needs, such as trips, tickets, or emergency funds. The app simplifies saving by automatically transferring small amounts of money into savings, making it possible to reach financial goals gradually and effortlessly. On average, members save over $1,800 annually using this automated system, highlighting its efficiency and user-friendly nature.
The app allows users to personalize their savings experience by choosing specific goals and setting preferences on how frequently and how much money to save. It cleverly analyzes users’ spending habits, bill due dates, and income schedules to identify optimal moments for saving without causing inconvenience. Users remain in control, with the ability to pause, accelerate, or reassess savings and move money back into their bank accounts whenever they choose, ensuring full oversight and flexibility over their funds.
Getting started with the app is quick and easy. Users simply link their bank accounts and define their savings goals. The system then learns about their financial behavior to identify suitable times for saving. Effortless transfers are made automatically from their linked bank accounts to the savings account within the app. To encourage adoption, the app offers a 30-day free trial period, after which users can continue benefiting from the automated savings feature for a small monthly fee, with the option to cancel at any time.
For members with an Oportun personal loan, the app provides convenient tools to manage their loans directly within the platform. Users can view their loan balance, make payments, set up automatic payments, and track loan status seamlessly. Additionally, the app emphasizes security and trust, with FDIC-insured savings funds, certification as a Community Development Financial Institution by the US Treasury Department, and an A+ rating from the Better Business Bureau. Overall, this app combines automated savings, loan management, and security measures to support users’ financial well-being easily and securely.