Our verdict
The Oxygen personal bank account earns up to 6% cash back on specific spending categories and merchants. It also comes with early paydays and benefits like travel insurance, which you typically find with credit cards. But to earn the highest potential cash back, you must pay an annual fee of $199.99, receive $6,000 in direct deposits and spend $2,000 a month.While there is an option to waive the fee on all plans, it's tied to the amount you've spent on the previous year. This means that new customers can't avoid the fee in the first year. If you want to avoid a fee, you'll need to stick to its Earth plan, which earns 2% cash back and has no requirements.
Best for: Big debit card spenders who receive direct deposit.
- Up to 6% cash back at approved merchants
- Get paid up to two days earlier
- Retail and travel benefits typically only found on credit cards
- Annual fee on most plans
- Direct deposit and spending requirements
Oxygen is not currently available on Finder
Have you considered Chime Checking account?
Save easily and access your paycheck up to 2 days early with direct deposit. Pay $0 monthly fees, and no minimum balance is required. Access 24/7 support and get daily balance and transaction alerts. FDIC insured.
- $0 monthly fees
- Paycheck up to 2 days early with direct deposit
- $0 minimum balance requirements
- FDIC insured

APY
Up to 3.00%
Minimum deposit to open
$0