OXYGEN: Mobile Banking

34.7K reviews
Content rating
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About this app

Change the way you manage money with Oxygen. Open bank accounts, incorporate a business, manage finances, send and receive wires—all in one app. Ideal for businesses and personal use. Oxygen is a financial technology company, not a bank. Banking Services provided by The Bancorp Bank, N.A., Member FDIC.

Earn cash when you spend money at select merchants. You'll earn $1 cashback on food and coffee merchants like Starbucks and Mcdonalds and up to 6% percentages on merchants like Shell, DoorDash and more.

Set-up virtual cards to help you shop securely online. Set spending limits to keep your budget in check, and lock spending to specific merchants to make sure your card can't be used elsewhere.

Grow your savings by rounding up your purchases and enjoy Annual Percentage Yields (APYs)² on your digital bank account that are up to 5 times higher than the national average³.

Get valuable retail perks such as cell phone insurance and extended warranty. Enjoy travel advantages including coverage for delayed and lost luggage and car rental damage waiver protection.

Use Oxygen Friends (P2P) to easily chat, send money to friends and split expenses. Set-up direct deposits to pay bills and payroll, plus access over 40,000 fee-free domestic ATMs⁵ all from one app.

You can incorporate your business as an LLC, S or C-Corp⁸ and get a business bank account at no additional cost. You can also apply for a business bank account as a Sole proprietorship.

Personal Account: Element Tiers

No fees. $350 spend threshold per month.
All standard benefits, plus:
2% Cashback / 2.10% Savings APY³ / 3 Virtual Cards
Ambassador rewards (additional perks)⁶

$49 Annual fee.
All standard benefits, plus:
3% Cashback / 2.20% Savings APY³ / 15 Virtual Cards
Ambassador rewards (additional perks)

$99 Annual fee.
All standard benefits, plus:
4% Cashback / 2.30% Savings APY³/ Unlimited Virtual Cards / PriorityPass™ Membership plus 5 Annual Visits/ Global Entry Reimbursement⁴.
Ambassador rewards: (additional perks)

$299 Annual fee.
All standard benefits, plus:
6% Cashback / 2.40% Savings APY³ / Unlimited Virtual Cards / PriorityPass™ Membership plus 10 Annual Visits / Global Entry Reimbursement.
Ambassador rewards (additional perks)

Business Account
Business Savings Account with a 1.00% APY⁷
Incorporate your business within the app⁸
Customizable invoices
Virtual cards with spending controls
5% Cashback on select merchants like Vistprint, Home Depot and more!

Banking Services provided by The Bancorp Bank, N.A., Member FDIC. The Oxygen Visa® Debit Card and the Oxygen Business Visa® Debit Card are issued by The Bancorp Bank, N.A., 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 and account activity requirements may apply. Limitations apply on maximum dollar amounts earned. In order to receive Cashback rewards for Earth you must spend $350.00 during a rolling 30 day period. Please refer to Total Rewards Terms & Conditions for more details.

² Savings APY varies by Element. Variable annual fees. Please refer to Oxygen-Bancorp Savings Agreement for details.

³ Based on the average Savings APY at fdic.gov.

⁴For full details on Retail and Travel benefits please refer to your Cardholder Guide to Benefits.
⁵ Out-of-Network and International fees apply. Third party fees may apply.

⁶ Please refer to Total Rewards Terms & Conditions for more details.

⁷1.00% APY applies to your business savings account and balances of $20,000 or less. APY current as of 8/04/22. Please refer to Oxygen - Bancorp Business Savings Agreement for details.

⁸LLC, S-Corp, and C-Corp formation is powered by CorpNet. Inc. Fees for LLC creation differ by state and services selected.
Updated on
Nov 24, 2023

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

Ratings and reviews

34.1K reviews
Jeanette Dowell
October 17, 2023
I haven't had any problems with the app itself, or with my account. Creating virtual debit cards to use for online purchases is quick, easy, and heros avoid some of the concerns related to the security of my account and personal information. Oxygen makes it easy to send P2P payments, split a bill with friends, keep track of budgets, manage expenses, securely shop online, and even monitor my other banks and spending accounts, all in the same app.
5 people found this review helpful
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OXYGEN: Mobile Banking
October 26, 2023
Thank you for your feedback, Jeanette! We're delighted to know that you're satisfied with our features. If you have any further suggestions or ideas on how we can enhance your user experience, please don't hesitate to share them with us at support@oxygen.us.
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.
249 people found this review helpful
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Rayburn Norris
June 19, 2021
The sudden drastic change of UI is allot. The UI is also too cluttered and is very noisy for the older populous. The different "elements" also seems like a workaround to "The richer you are the richer you get!"- scenario and causes anyone who might be living paycheck to paycheck or a lower tax bracket to easily shy away from this product. The previous developers did a much better job in my opinion. It's less noise and makes it easier to think
105 people found this review helpful
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What's new

Introducing a personalized onboarding journey with our new Product Selection Screen. New Oxygen users can easily choose between personal, business banking or incorporation, and get a sneak peek at the upcoming Oxygen Community!