X Money Opens Nationwide to Premium Subscribers

Elon Musk has long sought to turn X, formerly Twitter, into an “everything app” spanning communications, commerce and finance. X Money is central to that push, adding a deposit account-like wallet and peer-to-peer transfers to a social network already used for messaging and creator payments. The product relies on banking infrastructure from Cross River Bank and Visa’s payment network, putting X into competition with established US services including PayPal’s Venmo, Zelle and Block’s Cash App.

X said on July 27, 2026 that X Money would begin rolling out to US Premium and Premium+ subscribers, expanding beyond an earlier invite-only test. Users can make free instant transfers and receive a virtual card compatible with Apple Wallet, as well as a personalized metal Visa debit card. Premium+ customers can earn as much as 6% APY; Premium users can reach the same rate after at least $1,000 in qualifying direct deposits. Eligible card purchases earn 3% cash back.

Elon Musk aims to transform social platform X into a “super app” spanning communications, content and payments, with X Money at the center of its financial services. Working with Visa, Cross River Bank and other institutions, the service integrates a wallet, spending and money transfers into X, taking the platform directly into competition in the US digital finance market.

X Money began rolling out to Premium+ users in the United States on June 25, 2026, offering up to 6% APY on US dollar balances. A cash-sweep program spanning multiple banks provides up to $10 million in FDIC insurance coverage. The service also offers a physical metal Visa debit card with unlimited 3% cash back, as well as fee-free peer-to-peer transfers.

X Money is a financial service from X, formerly Twitter, that combines payments, savings and spending features. Cross River Bank holds the funds, and eligible deposits are covered by FDIC insurance. The initiative is a key step in Elon Musk's effort to turn X into a “super app” spanning social media, money transfers and financial services.

X Money recently launched a limited beta, with its interface showing a deposit yield of up to 6.00% APY as well as support for direct deposit and P2P transfers. A Visa metal debit card is planned to offer unlimited 3% cash back. William Shatner has demonstrated the test service, invitations have drawn bids of as much as $1,000, and a public beta is reportedly set to begin in April.