Oxygen Business Bonus for Brex Customers
Oxygen, is a relatively new online-only bank (or neobank), offering both a personal and business bank account through the Oxygen app. They usually offer a $100 bonus for the business checking account. But now, after the news that Brex is shutting down thousands of accounts, they are also offering an iPad to those businesses looking for a new account. Check out the details of this Oxygen business bonus below.
Offer
- Open a new Oxygen Business Account via Web or Mobile App
- Fund the account $1,000 for a cash bonus. Fund $10,000 and get an additional iPad (available to existing Brex small businesses). Must fund within 30 days of account opening and maintain the balance for 30 days.
- Complete 5 debit purchase transactions with the Oxygen Visa® Business Debit Card within 60 days of opening the account
Must use the unique referral link to successfully download the application on mobile and/ or apply on web and be approved for an Oxygen Business Account. The iPad offer is only available to existing Brex small businesses in good standing. Failure to meet any of the above criteria will result in an unsuccessful referral. iPad A13 bionic chip, 64GB storage, TrueTone and Retina Display has a $329 retail value. Initial Rewards will be paid within 15 business days upon successful completion of the above qualifications.
You can see this offer here. It was also emailed to existing Brex business customers that will have their accounts shut down in August.
Offer Terms
In order for the Referee to qualify for and receive an additional bonus iPad (“Qualified Referral”) with A13 bionic chip, 64GB storage, TrueTone and Retina Display ($329 retail value) and free invoicing for life, the following qualifying activity must be met : 1) Referee must deposit $10,000.00 or greater into the Oxygen Business Deposit Account within 30 days of account opening and maintain that balance for 30 days 2) make at least least five (5) debit purchase transactions (“Qualified Spend”) with the Oxygen Visa® Business Debit Card that have posted and settled to the Oxygen Account within sixty (60) calendar days of opening the Account. Qualified Spend transactions mean settled debit purchase transactions on the Oxygen Visa® Debit Card. Bank ACH transfers, Oxygen Bill Pay payments, Oxygen Friends transfers, peer to peer transfers to services such as PayPal, Cash App, or Venmo, and ATM and over the counter transactions do not constitute qualified spend transactions. 3.) Referee must be a new Oxygen accountholder with no current or prior Oxygen Business account (“Oxygen Business Account”); 4) The Referee must use the unique referral link to successfully download the application on mobile and/ or apply on web and be approved for an Oxygen Business Account. Offer is only available to existing Brex small businesses in good standing. Failure to meet any of the above criteria will result in an unsuccessful referral. Free invoicing for life means no monthly or annual fees associated with accessing the product. Fees for payment processing etc. will still apply.
Guru’s Wrap-up
The regular $100 bonus is not very exciting, although the debit card has some good discounts from time to time, similar to Cash App and Albert. But if you have a Brex business account, then the bonus is close to $400 since you can often get that iPad for a cheaper than $329. To get the full bonus you need to deposit $10K and keep it in your new account for 30 days. You also need to complete 5 debit purchase transactions with the Oxygen Visa® Business Debit Card within 60 days. The account has no fees to worry about.
