Pelagic tunicates (salps, pyrosomes) and fishes generate jelly-falls and/or fecal pellets that sink roughly 10 times faster than bulk oceanic detritus, but their impacts on biogeochemical cycles in the ocean interior are poorly understood. Using a coupled physical-biogeochemical model, we find that fast-sinking detritus decreased global net primary production and surface export, but increased deep sequestration and transfer efficiency in much of the extratropics and upwelling zones. Fast-sinking detritus generally decreased total suboxic and hypoxic volumes, reducing a “large oxygen minimum zone (OMZ)” bias common in global biogeochemical models. Newly aerobic regions at OMZ edges exhibited reduced transfer efficiencies in contrast with global tendencies. Reductions in water column denitrification resulting from improved OMZs improved simulated nitrate deficits relative to phosphate. The carbon flux to the benthos increased by 11% with fast-sinking detritus from fishes and pelagic tunicates, yet simulated benthic fluxes remained on the lower end of observation-based estimates.