OXYGEN: Mobile Banking

4.7
31.9K reviews
500K+
Downloads
Content rating
Everyone
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About this app

Oxygen is a modern digital banking platform for the 21st century economy – the free thinkers, rebels, and entrepreneurs. Oxygen is a financial technology company, not a bank. Banking Services provided by The Bancorp Bank, Member FDIC

CASHBACK REWARDS¹
TraderJoes, Gas, Food delivery, and more. Plus $1 back at your favorite coffee shop!

GROW & MANAGE SAVINGS
Boost your savings by rounding up the change; grow it with Annual Percentage Yields (APYs)³, up to 20x the average national rate.⁴

RETAIL & TRAVEL BENEFITS
Retail benefits like cell phone insurance and extended warranty, travel perks like delayed and lost luggage, hotel theft, and car rental damage waiver protection. See below for premium benefits on SELECT ELEMENTS.

EASY & SECURE
Pay friends through the app, fee free bank transfers, pay bills, and access over 40,000 fee-free domestic ATMs⁵. Keep your money safe with card controls, card freezing, and virtual cards.

PERSONAL TIERS

EARTH
No qualifications or fees. No monthly fees or minimum balance
All standard benefits, plus:
2% Cashback / 0.50% Savings APY³ / 3 Savings Goals / 3 Virtual Cards


WATER
Qualification: 30 consecutive days qualified deposit ($1,500), spend ($500) plus a $19.99 Annual fee.⁶
All standard benefits, plus:
4% Cashback / 1.00% Savings APY³ / 10 Savings Goals / 15 Virtual Cards / 2 mo. Netflix reimbursement

AIR
Qualification: 30 consecutive days qualified deposit ($3,000), spend ($1,000) plus a $49.99 Annual fee.⁶
All standard benefits, plus:
5% Cashback / 2.00% Savings APY³/ Unlimited Savings Goals & Virtual Cards / 2 mo. Netflix & Peloton digital reimbursement/ PriorityPass™ Membership plus 5 Annual Visits

FIRE
Qualification: 30 consecutive days qualified deposit ($6,000), spend ($2,000) plus a $199.99 Annual fee.⁶
All standard benefits, plus:
6% Cashback / 3.00% Savings APY³ / Unlimited Savings Goals & Virtual Cards / 2 mo. Netflix & Peloton reimbursement/ PriorityPass™ Membership plus 10 Annual Visits / Global Entry Reimbursement.

BUSINESS ACCOUNT
Cashback on Ride Share, Gas & more!
Customizable invoices
Virtual cards with spending controls
Business Savings Account with a 1.00% APY⁷
Form an LLC from within the app⁸

Banking Services provided by The Bancorp Bank, Member FDIC. The Oxygen Visa® Debit Card and the Oxygen Visa® Business Debit Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

¹ Cashback percentage varies by element. Variable annual fee, deposit and spend requirements may apply. Please refer to Cashback Terms & Conditions for full details.

² 3.00% annual percentage yield (APY) applies to Fire Element only and with balances of $20,000 or less. For balances over $20,000, APY ranges from 3.00% to 0.50%. APY current as of 08/04/22. Annual fee applies, fees may reduce earnings. No minimum balance to open the account, however, monthly spend and deposit requirements apply. See oxygen.us/apy for details.

³ Savings APY varies by Element. Variable annual fees, deposit and spend requirements may apply. Annual fee applies, fees may reduce earnings. No interest paid on balances over $20,000.  Please refer to oxygen.us/apy for details.

⁴ Based on the average Savings APY at Bankrate.com

⁵ Out-of-Network and International fees apply. Third party fees may apply.

⁶ Annual fee assessed only once if you continue to meet the deposit and spend qualifications

⁷ Refer to the Business Savings Account Agreement for full details

⁸ LLC formation is powered by CorpNet, Inc. Fees for LLC creation differ by state and services selected
Updated on
Nov 25, 2022

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
This app may share these data types with third parties
Location, Personal info and 9 others
This app may collect these data types
Location, Personal info and 6 others
Data is encrypted in transit
Data can’t be deleted
4.7
31.9K reviews
Mallory K
September 21, 2022
I literally just applied and was about to switch my direct deposit to this bank when I was looking through the app and it crashed. Tried it get back in but it crashed immediately after I logged in. Again. Again. I uninstalled, reinstalled, same thing. My phone now says "app crashed due to bug" I can't set up direct deposit if I don't even have a way to view my money! May as well cancel now since I have no idea when or if they will fix this issue. Very unfortunate.
24 people found this review helpful
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samm hologram
August 26, 2022
It's been great so far. I would like some UI updates and better cashback rates even for lower tier cards. It would also be great to have a button that allows us to quickly add our cards to our prefered nfc payment app. Potential even intigrate it into the app. I'm super excited with what Oxygen is doing and can't wait to see what they do in the future!!!
16 people found this review helpful
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Kristina DaCosta
July 19, 2021
At first, I loved the app interface; temporary and virtual cards; and limits settings. However, things have changed. About once every two days, the app logs me out. The biometric log in randomly stops working, promoting me to use my passcode. From the start I knew the app did not offer a savings account, but I didn't realize how essential it was in my lifestyle. Finally, the new interface. The design seems overwhelming, and confusing. It was a good run, but it's time for something else.
185 people found this review helpful
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What's new

Bug fixes and improvements