OXYGEN: Mobile Banking 4+

21st Century Finance

Oxygen, Inc.

Designed for iPhone

    • 4.8 • 25.2K Ratings
    • Free

iPhone Screenshots


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.

What’s New

Version 3.9.3

Added incoming wire transfer hold status.
Updated creation of Business account after Personal flow.
Bugfixes and improvements.

Ratings and Reviews

4.8 out of 5
25.2K Ratings

25.2K Ratings

djdonny2 ,


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. 🤩

Denaylee ,

I hate to leave this review because I use to LOVE this bank

I’ve always sworn by this bank account and told everyone I could to get it- like it was legit the very best one out there. HOWEVER, when they couldn’t leave well enough alone and updated the app to this dark themed oxygen fire etc. all it does now is crash, CONSTANTLY. I open my app up and 8 out of 10 times it crashes upon opening and tells me my account is not active when I’m clearly looking at my funds behind this supposed error message. So I always and I do mean ALWAYS, have to close it and open it again anoint 5 or 6 times for it to finally stop crashing and giving me an error message. I’ve been in the check out line and forgot to unlock my card before I came in the store and literally had to stand there trying to open the app to unlock my card but of course as always it crashed and told me I didnt have an account. So I had to stand there holding up the line until the Oxygen app finally got its life together and opened up for me. It was awful.. Again I use to absolutely LOVE this app. But now- with the update, it’s completely useless. I cant even recommended it anymore, it will legit make you throw your phone smh. Honest review.

Miss Lyric ,

Have had ZERO problems!

I’ve had multiple online banking accounts and nothing compares to the standards upheld by Oxygen. It’s even better than Wells Fargo in some ways. I came here to leave a good review and was astonished to see so many people disappointed. I will say, I haven’t had a reason to contact customer service via phone yet. However, I did have a chat with them online and things were resolved rather quickly. I appreciate the upgrades to the newer cards and their capabilities along with the benefits of having them. The benefits are amazing. I also take full advantage of their savings account which allows me to set a goal that is super helpful. I do hope that they are able to acknowledge everyone’s concern. Customer service and consumer acknowledgment is equally as important to me as the benefits of banking with Oxygen. If the customer service is poor, the quality of the service provided might as well be also.

Update: there’s been too many times I was unable to access my own money. And it’s usually because their system is down. If you have big money transactions, this card is probably not for you. It won’t allow you to pull out over $2500 and there’s nothing they can do to increase that. It no longer has the option to see free ATM’s, their customer support is not the worst but it isn’t the best either. If their system shuts down and you don’t have money stored anywhere else, GOOD LUCK. Hopefully you’re not stuck traveling.

Developer Response ,

Hello, we're sorry to hear about your experience. We are always working hard to improve and thanks for your feedback.
Please refer to this help article to locate Allpoint ATMs. https://oxygen.us/help/kb002-does-oxygen-have-a-fee-free-atm-network/

App Privacy

The developer, Oxygen, Inc., 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


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