Oxygen

Oxygen is a modern financial platform that provides digital banking services tailored for consumers, freelancers, solopreneurs, and small to medium-sized businesses (SMBs). It offers personal and business checking accounts, savings accounts, debit cards, and other financial tools through web and mobile apps.

Oxygen's personal checking account, Earth, comes with no monthly fees and allows customers to earn up to 6% cash back on purchases from select merchants. The cash back rate depends on the account tier, with higher tiers offering better rewards but also carrying annual fees. The Earth Visa debit card provides additional benefits like early direct deposit, mobile check deposit, and retail/travel perks.

For businesses, Oxygen provides a cash-back business checking account with no monthly fees or minimum balance requirements. The Oxygen Visa Business Debit Card earns up to 5% cash back at specific retailers like FedEx and Starbucks. Business accounts also give access to invoicing tools, virtual debit cards for secure online payments, and budgeting features like automatic savings transfers.

Oxygen's technology platform enables services like account opening, mobile banking, cash management, and business incorporation assistance. In April 2024, Oxygen was acquired by Hampton Financial Corporation, a private equity firm, to expand into commercial lending.