In short, yes. Once your round ups reach $10, Spared moves your round ups to your student loan provider. In the event that your round ups exceed $10, your round ups will be split into two transactions however the full amount will be moved to your provider. For example, you save $10.58 worth of round ups in one cycle, you will see one payment of $10 and another payment of $0.58.
*Cycle is the time between one monthly provider payment and another.