OXYGEN: Mobile Banking

4.7
29.3K 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 2/10/22. 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
Jun 23, 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
29.3K reviews
Day
April 13, 2022
I've have had minimal issues. I love the virtual cards, cash back rewards, higher rates on the savings, and the metal cards. The cons are: if you purchase from Amazon using the virtual card, the charge will appear twice even though the money comes out once which has to do with the way Amazon charges, transferring into the savings can be a bit weird, you have to manually change each cash back rewards, and they may charge you if you don't meet tier qualifications. But overall a great fintech.
59 people found this review helpful
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OXYGEN: Mobile Banking
April 18, 2022
@Day - We take our customers opinions very seriously and appreciate your feedback! Thank you.
Mike Gladstein
May 9, 2022
No fees, easy to use, great rewards system and cash back on almost every category of purchases. What's not to love?! You can add a business checking and savings account along with your personal accounts, each with their own debit card and virtual debit cards. The only thing that I'm not 100% about is customer service hasn't always been great, but the app and system works so seamlessly, there's almost never a reason to contact support in the first place. I refer friends and family all the time!
47 people found this review helpful
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Averie Good
February 13, 2022
I've really liked it so far. They have cash back offers, savings options, different levels of accounts (you can opt to pay a monthly fee to get to the higher levels - the higher levels = improved and added features), and they're recognized by Plaid, which makes it easy to connect to your other account(s).
80 people found this review helpful
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What's new

Bugfixes and refactoring.