Oxygen provides a single digital banking solution for people and small business customers. Oxygen stands as the initial neobank in the US to serve both consumer and small business users. Oxygen stands out as a startup that offers digital banking solutions to freelancers and micro-businesses while discussing funding at a market value above $500 million according to two sources familiar with their plans.

San Francisco headquarters managers are negotiating to secure $70 million in funding according to multiple sources. Sources indicate that Tribe Ventures from London has entered negotiations to direct Oxygen’s Series B financing.

Traditional U.S. banks and other financial institutions worldwide have always denied banking services to people who do not have stable employment incomes.

Oxygen operates from San Francisco as a financial technology company that gives personal and business banking tools through its digital platform. Oxygen serves people looking for contemporary banking services by offering multiple features that match different financial requirements. This guide explains all steps needed to create and use your Oxygen account effectively.

Eligibility criteria

Check these conditions before starting your Oxygen account setup process.

• You need to live permanently in the United States.
• You need to reach 18 years of age to qualify for the account.
• Identification for account verification requires customers to show their Social Security Number and official government ID.

Account setup process

Follow these instructions to start your Oxygen account setup:

• Install the Oxygen Banking application by searching for it in both the App Store and the Google Play Store.
•  Install the app on your mobile phone from its official store.
• Here you start the process by opening the app and tapping Get Started.
•  Enter your email address and make a secure password through our system.

Enter your data such as your entire name, birthday, SSN, and home address when validating your identity. You must upload an official ID photo and take a self-portrait picture for identity screening.

Complete your Oxygen account creation when you accept both the Terms of Service and Privacy Policy.

Funding your account

After creating your account, you can deposit money into it using different methods.

Tell your employer to send payments directly to your Oxygen account and share your account and routing number details.

Connect an external bank account inside the app to start ACH money transfers.

The app enables you to make check deposits directly through its mobile camera.

Use cash at any Green Dot location across the United States for bank deposits. The option to use this service has associated costs.

Key features

Oxygen provides different tools that improve your banking activities.

No Monthly Fees: Enjoy banking without monthly maintenance fees.

The Oxygen Visa Debit Card helps you earn money back on your purchases made at participating businesses. You can establish and handle various savings targets in the app to save money for specific purposes. Access your earned pay two days ahead of schedule once you link your bank account for direct deposit. Use the platform to create temporary debit cards for safe shopping on the web. Oxygen serves small business owners by linking their business banking services to all account features.

Managing your account

You can manage your Oxygen account better with these useful tools at hand.

Use the mobile app to view account history and move money as well as set mobile card and savings options through the app screen.

The app lets you reach support personnel through chat or email tickets to resolve all your account questions and problems.

Security measures

Oxygen makes security your financial information their top priority

Oxygen protects your money up to $250,000 through bank partnerships that hold FDIC insurance. The app provides extra protection through multiple sign-in methods, plus fingerprint scanning, plus instant update services to defend your banking account.

Following this guide, helps you create and handle your Oxygen account easily while using all its features for banking purposes.

After this Ahmed established Oxygen as his business. The startup provides free accounts to both regular customers and small companies. The insured FDIC accounts do not require minimum balances and provide a Visa debit card for use.

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