Oxygen Banking Bonus: $100 Sign-Up Offer, $100 Referral – Ended

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 CHASE, 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.

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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.

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:

1. Go to the “Invite-A-Friend” section within the app to access your unique referral link.
2. Send your link (and the chance to earn a $100 cash bonus) to everyone you know.
3. 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:

Compare With Other Checking Bonuses

• Best Bank Bonuses & Promotions of July 2026 - Looking for the best bank bonuses in 2026? This page tracks the highest-paying checking account bonuses, savings account promotions, and business bank bonuses available nationwide…

• Chase Private Client Bonus: Up To $3,000 Promotion – Ends 10/14/2026 - Secure up to a $3,000 Chase Private Client bonus by opening a new checking account and completing qualifying activities. Click for full promotion details and…
• M&T Bank $400 Checking & Savings Bonus – Ends 8/31/26 - Open a new M&T MyChoice Premium Checking account by August 31, 2026 and maintain a specific balance to earn a $400 cash bonus. Start banking…
• Chase Secure Banking: $175 Bonus For Best Starter Checking [Nationwide] – Ends 10/14/26 - If you’re looking for a simple checking account with no overdraft fees and a sign-up bonus, the Chase Secure Banking℠ $175 bonus is a solid…
• Chase Checking Bonus: $400 Chase Total Checking® Offer [Nationwide] – Ends 10/14/2026 - Discover the latest Chase checking bonus offer: New customers can earn a $400 bonus by opening a qualifying Chase Total Checking® account and completing qualifying…
• Acorns Bonuses: $20 Sign-Up Bonus & Up To $1000 Referral Offer – July 2026 - Looking for the latest Acorns sign-up bonus in 2026? Right now, Acorns is offering new users a $20 welcome bonus, along with limited-time referral promotions…

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.