350% or 5BTC + 150 Spins!
New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins
X has started a wider US rollout of X Money, placing payments, interest bearing accounts and a Visa debit card inside the social platform. Access began on July 27 for eligible Premium and Premium Plus subscribers following an earlier invite only test.
Good to Know
Users can transfer money instantly to another X handle, receive direct deposits and spend through a metal Visa card linked to their X identity. Apple Wallet support, ATM withdrawals and no foreign transaction fees are also available.
Premium Plus members qualify for the advertised 6% APY. Premium members can reach the same rate after meeting qualifying direct deposit conditions. The rate was accurate on July 27 but can change.
Eligible card purchases return 3% cashback. However, access requires a paid X subscription, meaning users must weigh the account benefits against the monthly membership cost.
The service enters a crowded US payments market that already includes Venmo, Cash App and Zelle. X has one built in advantage because creators, businesses and freelancers already use the platform to reach customers and audiences.
X does not hold a bank charter. Cross River Bank provides the regulated account and payment infrastructure, while Visa supports the debit card network. Funds can also enter an automated cash sweep program that distributes balances among participating FDIC insured banks.
Standard FDIC insurance covers up to $250,000 per depositor at each insured bank. X advertises aggregate pass through coverage of up to $10 million when funds qualify for the sweep structure.
Coverage applies to failure at a participating insured bank. It does not insure X Payments LLC or protect users against every possible platform or account loss.
X has secured dozens of state money transmitter licences, but full national access remains incomplete. Reports around the rollout listed New York and Massachusetts among the unavailable markets.
The initial product uses US dollars only. X Money launched without Bitcoin, Dogecoin or other cryptocurrency features, despite years of speculation about digital asset payments inside X.
Eligible US users aged 18 or older with Premium or Premium Plus access can join as the rollout reaches their account.
No. X Payments provides the interface, while Cross River Bank and other insured institutions hold eligible deposits.
Premium Plus users can receive up to 6% APY. Premium users need to satisfy additional qualifying conditions.
A normal account can receive up to $250,000 at one insured bank. The cash sweep program may provide aggregate coverage up to $10 million when all requirements are met.
No. The launch focuses on dollar accounts, card spending and peer to peer transfers.