Getting a loan is quite a difficult process, and if you don’t have proper documentation, you may not be eligible to get a loan.
As a freelancer, you may be unable to get a loan because of no proper Job and documentation that verify your income, so what should you do?
Oxygen is a digital banking app built for freelancers which offers a $10 oxygen bank promotions Bonus along with malleable banking, real money cashback, and a line of credit as well.
It’s a great app if you want to get an urgent loan with an extra $10 oxygen sign up Bonus, so let’s look at what Oxygen is and how you can claim your rewards.
What is Oxygen Bank?
Oxygen is an online-only neo-bank that specializes in personal and business accounts, and all are serviced through the Oxygen app.
So with no monthly fees and unlimited fee-free transactions, the Oxygen business account is well-suited for small business owners and entrepreneurs looking for an affordable way to separate their personal and business incomes.
As well as giving them the ability to manage all of this on the go, the really big standout of Oxygen is that they offer a nationwide LLC.
Oxygen Bank was founded in 2018 and has participated in the combinator’s accelerator program and raised 2.3 million in its first round of investments.
Oxygen Bank Promotions: $10 Sign up Bonus
Oxygen promotions offer you a $10 Oxygen Sign up Bonus when you open a new Oxygen Deposit Account using our special link.
Make a deposit of $200 or more and make at least five debit purchases within 60 days of opening your account. Upon qualifying, your Bonus will be credited to your Oxygen account within ten business days.
Oxygen Referral Code:
Here are some Oxygen Banks promo codes and referral codes to get an extra $10 Sign up bonus when you sign up:
How to Claim Oxygen Sign up Bonus?
- Click on the above button to download the Oxygen Bank app.
- Now Choose the type of account you want to open, “Personal” or “Business.“
- Then Sign up using your email address and then create a password.
- Now you will be asked to give your name, date of birth, and phone number.
- Deposit at least $200 or more and make at least five debit purchase transactions within 60 days of opening your account.
- Your $10 Oxygen Sign up bonus will automatically be credited to your account within ten business days.
Oxygen Referral Promotion: Get a $10 Referral Bonus
You can earn a $10 Oxygen referral bonus for each friend you invite through your unique referral link.
When someone signs up through your link and creates a verified oxygen account, you will get your referral bonus within ten days.
How to Claim a $10 Referral Bonus?
- Open your Oxygen App.
- Now go to tabs and click on “More.“
- Then Click on referral and copy your unique referral link.
- Share it with your family and friends.
- Once they create a new account through your link and deposit at least $200, you will get a $10 Oxygen Referral link.
Oxygen Bank Direct Deposit Promotion: Get a $50 Reward
Oxygen is now offering a $50 Oxygen Bank Direct Deposit Bonus for existing and new account holders. Here are all requirements to claim your Oxygen $50 Bonus:
- Direct deposit of at least $500 within 60 days of the campaign’s launch.
- The Qualifying Activity must be made by the employer, payroll provider, or benefits payer through an Automated Clearing House (ACH).
Note: Bank ACH transfers, pay friends transfers, verification or trial deposits from financial institutions, transfers from services such as PayPal and Venmo, mobile check deposits, cash loads, or deposits are not Qualified Direct Deposits.
If you are successfully meeting all the criteria to claim this bonus, then congrats you will get your $50 Oxygen Bank Direct Deposit Bonus within seven days of verification.
The oxygen bank app is not working. Now What?
Sometimes it happens when the Oxygen banking app stops working or certainly get crashes, So with the company’s support and suggestions, we are going to give you the solution for this:
There are some reasons why your Oxygen app stops working. We have discussed it with Oxygen customer care and found all the solutions.
- Update: Most of the time, Oxygen Bank launches its updates and renews its servers, so you must check your app store for updates, and if their updates are available, then download the latest version.
- Cache: There are some bugs in the app as it handles large networks of servers, so it stops working sometimes, but you can solve this from the app setting by clearing your cache.
- Under maintenance: Oxygen Bank updates its features and makes the app more user-friendly. That’s why they put their apps under maintenance, so you have to wait for a maximum of 4 hours until their servers start working again.
Hope it helped you to solve your oxygen app not working problem.
Oxygen Bank Aim
It was started because the founder saw a need for better banking for freelancers.
Specifically, he found no easy way to get a loan or line of credit as a freelancer. At the time, he said that he tried taking out a loan from the lending club.
And they couldn’t verify his income and asked for ten pages of documentation because he was a freelancer, so he started Oxygen to fix that problem.
Is Oxygen Bank Safe or legit?
Oxygen is completely legitimate and safe as they are FDIC insured up to 250 000 on your account, so you do not have to worry about your money oxygen offers two core services.
They have a personal account for freelancers who want to be treated as individuals and sole.
Oxygen primarily offers a checking account and Visa debit card, that with some really great cashback offers more on that in a minute checking account is pretty standard these days with no fees:
- that’s no monthly fees.
- No average draft fees.
- No overdraft fees.
- No minimum balance fees.
- No Ach bank transfer fees.
- No foreign transaction fees.
You’ll receive a Visa debit card once you open an Oxygen Deposit Account, which allows you to withdraw funds instantly. Members have access to more than 30,000 Moneypass ATMs free of charge.
You can apply for a line of credit. A financial assessment will be conducted by Oxygen before you are approved. You may be eligible because you’re a freelancer and have a hard time getting approved for a line of credit because of your 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 use it, Oxygen charges a flat monthly fee until you repay what you owe in full.
How To Close Oxygen Bank Account?
It’s so simple to Close your Oxygen Bank account, Oxygen offers lots of benefits, but still, if you want to close your Oxygen account, then you can close it from the steps given below:
- Go to More/Settings/Close account.
- Select the account(s) you want to close and tap “Continue.”
- You’ll receive a pop-up confirming the changes “Tap Close.”
You can also contact our Customer Support team via Chat at email@example.com or 866-287-7021.
How to delete an oxygen bank account?
After you have closed your oxygen account, your data will still be available on oxygen, so to clear all your data, you have to delete your oxygen bank account.
Here are the steps to delete your oxygen bank account:
- Go to the Oxygen homepage and click the button that displays your name located at the top right-hand side, and a drop-down menu will appear.
- Select “Profile” to access your profile. Once in your profile, select the tab on the right that says “Account Information,” and scroll down to the bottom of the page.
- Here you will find a button that says “Delete my account” Click the button for instructions on how to delete your account.
If you are an individual looking for a great mobile banking experience, consider using Oxygen for your practice. Freelancers can use a banking system that gives them control over their finances.
What would be the reason why I can’t open a oxygen banking account?
You Can’t Open a Oxygen Bank Account due to some wrong information you have filled Mistakenly! Oxygen is required to verify your identity under the USA Patriot Act. You may be asked to provide a copy of your driver’s license and Social Security card. And if your Details Don’t Match, oxygen Declines your Bank Account Opening Request.