iPhone Screenshots

Description

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
Standard 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 / Savings with a robust APY on balances of $20,000 or less / 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 / Savings with a robust APY on balances of $20,000 or less / 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 / Savings with a robust APY on balances of $20,000 or less/ 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 / Savings with a robust APY on balances of $20,000 or less / 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, Selected couriers and more!
Customizable invoices
Virtual cards with spending controls
Business Savings Account⁷
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 1.25% 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 1.25% to 0.21%. APYs current as of 9/9/21. 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. 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

What’s New

Version 2.8.0

- OGifts and improvements

Ratings and Reviews

4.8 out of 5
16.7K Ratings

16.7K Ratings

DjSjR1 ,

Oxygen

After spending an hour or more unsuccessfully trying to open 2 other online banking accounts, I told myself that I would try only one more. I was far from optimistic. I had become very frustrated because of the wasted time I had spent failing to open and set up accounts for, among others, N26 & PCN. Oxygen was next in the queue, so I cynically downloaded the app and began what I expected to be another failed attempt.
The sign up and verification process was first and I was immediately surprised at how easy and fast I was able to successfully open my Oxygen account. Almost before I knew it, I was told that my personal info was accepted, my account was approved and an Oxygen Visa debit card was on it’s way to me. I was already able to use a virtual card if I needed to as well. The Oxygen App is very user friendly and has an extremely slick appearance. I quickly realized that Oxygen was something I definitely needed, in more ways than one.
Kudos to the developers for creating an extremely likeable and efficient application with several very unique features. This is how it is supposed to be.
I rarely give 5 star app reviews so quickly because I have learned that just because it looks great at first, that doesn’t mean it will hold up. I have a couple other excellent online banking accounts but I have a feeling that Oxygen is going to be a favorite for me.

Developer Response ,

@Djdonny2 - WOW! A huge thank you from everyone here at Oxygen for this review. We are always looking to impress our customers and provide the best customer service. 🤩

sleeptron ,

My favorite bank

Can't go wrong with oxygen. The best free checking account I've ever had. Literally no fees, has the best banking app I've ever used, has great security, money management features, & compared to other online banking apps, it has much better development and stays frequently updated. They have to be the best if not one of the very best when it comes to their app. Since they don't have physical branches, this is where they are able to deliver a banking experience that made me close my other account, in general; their app is GOOD. It works flawlessly on my iPhone 8. Haven't had any issues since banking at oxygen. anytime I need something that I need to talk to a human, customer service has taken care of me with a great sense of urgency. -Seriously the best mobile, or actually, general banking experience I've had, & I've had accounts with several of the major banks out there. They even have a really cool debit card design. if your looking into trying a new bank for checking/savings that works great with cash app, venmo, Apple pay, Zelle, etc

Developer Response ,

@sleeptron - Thank you so much for this awesome 5-star review! 🤩

Valpoo ,

Could use some feature and option improvements

Overall the app is wonderful and most of the features as well. There are two issues that I believe would be easily resolved if addressed. The 500 atm withdrawal per day limit. This should be something the account holder has control over or raised to at least 1000 a day. This is a constraint that’s a bit too tight these days with pricing as it is. The next is the 14 day time frame for which a check is sent for any check issued bill pay. Often it isn’t possible to set up a payment 14 days prior to due date so waiting 14 days will make payment late. This could lead to late fees for the consumer. The support correspondence is very good in app. Answers always provided to questions. The policies or FAQ pages need to be added with some added info so the consumer is more informed. There is no easy location of atm withdrawal limit info (had to chat with support to get the details) no info on bill pay with check time for check to be processed and sent. I’d this information is listed within the app or website it isn’t easily located. There should be a help page with all the details and specifics there to answer common questions. I do love many of the features of the account and love using it as it is very organized. I’d only like to see the above improvements. This card has the potential to be the best out there with a few tweeks.

Developer Response ,

@Valpoo - Thank you so much for all these great suggestions! We here at Oxygen take our customer feedback very seriously. We will be taking this to our development team so that we can better assist our customers experience. Please keep an eye out for any additions coming down the pipeline that may improve our app!

App Privacy

The developer, Oxygen Finances, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

  • Purchases
  • Financial Info
  • Location
  • Contact Info
  • User Content
  • Browsing History
  • Identifiers
  • Usage Data
  • Sensitive Info
  • Diagnostics

Data Linked to You

The following data may be collected and linked to your identity:

  • Purchases
  • Financial Info
  • Location
  • Contact Info
  • Contacts
  • User Content
  • Browsing History
  • Identifiers
  • Usage Data
  • Sensitive Info

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

Supports

  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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