This report investigates the phenomenon of interfacial serration at the joint between Sn-3.5Ag-0.7Cu solder (SAC) and electroless Ni-P underbump metallization (UBM) during aging. For comparison, the interface between SAC and electrolytic Ni UBM was also examined under similar aging conditions. The joint in the electrolytic Ni/SAC sample showed a smooth, flat interface between the Ni and intermetallic compounds, even after a long aging time. In contrast, electroless Ni-P/SAC exhibited an irregular interface, the irregularity of which became more severe with increased aging time. This observed roughness was initiated by large breaks across the P-rich layer. The breaks were filled with the overlying Ni-Sn-P phase material, which provided an easier interdiffusion path for Ni and Sn in the opposite direction. As a result, the local consumption of the Ni(-P) layer was accelerated, and the interface was serrated. The local maximum consumption rate of the Ni-P layer, as calculated from the minimum thickness of this layer in each sample with aging time, was similar to that of an electrolytic Ni layer.