Get a $100 Oxygen banking bonus for you and each friend you refer! Dive into how simple transactions and a payroll direct deposit can reward both of you with cash bonuses. Start referring today!
Find Oxygen (Oxygen.us) banking promotions here. They’re now offering a $100 cash bonus to new members when you sign up through a referral link. The banking and financial service also has a “give $100, get $100” referral promotion and others deals. More referral offers here.
- UPDATE 3/8/2024: OXYGEN IS ENDING ITS DEPOSIT ACCOUNT PROGRAM ON MARCH 29, 2024. YOUR ACCOUNT WILL BE CLOSED.
- Update 2/24/2024: The bonus offer is now $100.
- Update 1/4/2024: The referral program is still available. If you have your own referral link to share, please feel free to leave it in the comments section. Chase is offering a nice bonus for a business checking account.
- Update 8/7/2023: Effective 9/5/23, significant changes are being made, including the removal of cash back offers.
- The annual fee waiver for elements based on deposits and spend is no longer available.
- Element Annual Fee is being reduced for all tiers.
- The spend required to get a discount on another element annual fee has significantly increased.
- Oxygen day now requires waiting for all cash back and referral credits to come in on the 8th of the month, but there is no more redemption minimum.
- The $1 food and coffee offer has been mostly eliminated and is limited to a small list of merchants.
- All cash back is now tied to a restricted list of merchants.
- The minimum spend for all cash back has been raised (ranging from $9.99 to $24.99).
- Cash back now needs to be activated each time before use; it doesn’t remain activated from the previous use.
- Cash back for specific merchants must be individually activated, and the generic cash back option is no longer available.
- The reimbursements for Peloton and Netflix have been removed.
Oxygen is a new digital banking provider designed with freelancers in mind. Members get flexible banking, real money cashback and a line of credit. There are no monthly fees, nor overdraft fees. Keep reading for more on Oxygen and their offers.
READ MORE: GET TOP OFFERS FROM BMO, CIT and AXOS.
Oxygen Bonus: $100 Referral Bonus Offer
By simply referring a friend to Oxygen, and ensuring they meet straightforward criteria like a qualified payroll direct deposit of $500 and a minimum of five debit card transactions, both of you can pocket a generous $100 referral bonus. This program not only offers a substantial cash incentive but also introduces you to the convenience and innovation of banking with Oxygen.
You can earn up to $1,000 in Oxygen referral rewards every 6 months.
>> More information on this Refer-A-Friend Bonus here.
Trending Checking Account Deal:
Oxygen Bonus: $100 Sign-Up Offer
Get a $100 cash bonus when you open a new Oxygen Deposit Account using a current customer’s referral link, deposit $500 or more and make at least five debit purchase transactions within 60 days of opening your account. Your bonus will credit to your Oxygen account within 10 business days of qualifying.
This offer is only valid for new Oxygen customers with no current or prior Oxygen account.
*We don’t currently have a referral link to provide.
TRENDING DEAL:
Disclaimers:
The Annual Percentage Yield (APY) is accurate as of 10/3/2025. The base and promotional interest rate and corresponding APY for Axos ONE® Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE® Savings is variable and is set at our discretion. Axos ONE® Savings is a tiered variable rate account. Axos ONE® Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below.The Axos ONE® Checking account will earn a base rate of 0.00% APY. The Axos ONE® Savings account will earn a base rate of up to 1.00% APY.Axos ONE® accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE® Checking and Axos ONE® Savings, the Axos ONE® Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period:Option 1Your Axos ONE® Checking account has received monthly qualifying direct deposits of at least $1,500 in total.The average daily balance of your Axos ONE® Checking account is at least $1,500.Option 2Your Axos ONE® Checking account has received monthly qualifying deposits of at least $5,000 in total.The average daily balance of your Axos ONE® Checking account is at least $5,000.If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:The Axos ONE® Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.The Axos ONE® Savings account will earn a promotional rate of up to 4.51% APY for the statement cycle in which the requirements are met.The Qualification Period begins on the first business day of the month and runs through the 25th of the month. If the 25th of the month is followed by a non-business day, the average daily balance will be calculated including the following non-business day(s). Any qualifying deposits or qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. The Qualification Period for new accounts will begin on the day the account is approved. New accounts opened on or after the 25th of the month will be eligible to earn the promotional APY starting in the following month.A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. International paychecks, international government benefits, other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.), or person-to-person payments are not considered a direct deposit.Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.Both accounts must be in an open and active status on the 25th of the month and on the date the interest is paid to receive the promotional APY for that statement cycle. If either account closes during the Qualification Period, neither account will be eligible to earn the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account. Show Less
Oxygen Promo: Give $100, Get $100 Referrals
Give $100, get $100 with Oxygen’s Refer-A-Friend program. To participate, you must have an Oxygen account. Here’s how it works:
- Go to the “Invite-A-Friend” section within the app to access your unique referral link.
- Send your link (and the chance to earn a $100 cash bonus) to everyone you know.
- Get $100 when your referral joins using your link, deposits $500+ and uses their Oxygen debit card 5 times within 60 days of account opening. You’ll receive your bonus within 10 business days.
You can earn a maximum of $500 in Oxygen referral bonuses every six months.
With the Oxygen Refer-A-Friend program, you may only send your referral link to personal friends, family and known acquaintances. If you share your link online publicly, you may be disqualified.
READ MORE: SEE THESE CASH BACK SHOPPING DEALS AND PROMOTIONS FOR BONUS CASH AND REWARDS
Oxygen Features
Once you open an Oxygen Deposit Account, you’ll get a Visa debit card so you can withdraw your funds instantly. Members have fee-free access to more than 30,000 Moneypass ATMs.
You can also apply for a line of credit. Oxygen will assess your financial situation before they approve you. Traditionally, freelancers have a hard time getting approved for a line of credit, because of their fluctuating income.
If you use your credit line as a security blanket and let it sit untouched, you won’t have to pay any interest. If you do use of your line of credit, Oxygen charges a flat monthly fee until you repay what you owe in full.
Other features include:
- Links to other bank accounts
- No minimum balance requirement
- No overdraft fees
- No ACH bank transfer fees
- No foreign transaction fees
- Virtual cards
- Cashback rewards
- Immediate transaction notifications
- Secure and FDIC-insured
- User-friendly app for iOS and Android
- Customer support 7 days/week
TRENDING DEAL:
Compare With Other Checking Bonuses
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- Huntington Bank $400 Perks Checking Account Bonus – Ends 1/15/26 - Huntington Bank is offering several personal checking bonuses. They doubled their offer for the Perks Checking account from $200 to $400. Update 12/3/25: The offer…
- Huntington Bank $600 Platinum Perks Checking Bonus – Ends 1/15/26 - Huntington Bank is offering several personal checking bonuses. This bonus for the Platinum Perks Checking account is $600 and will soon. Update 12/3/25: The offer…
- Huntington Bank $600 Platinum Perks Checking Bonus – Ends 1/15/26 - Huntington Bank is offering several personal checking bonuses. They doubled their offer for the Platinum Perks Checking account from $300 to $600. Update 12/3/25: The…
- Remitly Bonus: $25 Sign-Up Offer, $25 Per Referral - Have you been looking for a reliable way to send money internationally without getting gouged by fees? I've been testing various money transfer services, and…
- Citizens Bank Bonus: Up To $400 Checking Promotion – Ends 12/31/25 - Citizens Bank Bonus, Citizens Bank Promotion: Get up to $400 in bonus money for a new checking account with this offer from Citizens Bank. To…
Bottom Line
If you’re a freelancer, and you can’t access a line of credit, Oxygen is an excellent solution. You’ll also get a deposit account and a Visa debit card when you join. But if you’re looking for an interest-bearing banking account, you’ll want to consider other options.
For a similar banking service aimed at freelancers, check out LiLi. They’re offering a $10 sign-up bonus and $10 per referral.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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Get an easy $55 bonus now.
Open an Oxygen account and get $5. Get an additional $50.00 once your Oxygen Account receives $500.00 in deposits and you make 5 purchases with your Oxygen Visa® Debit Card within 60 days. Virtual card purchases while waiting for the physical card are eligible. An easy $55. Thank you for using my link.
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Get $10 instantly! when you use my link to register! and another $50 when you move a direct deposit over.
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