X Money, the new financial service from X, is now rolling out to US Premium users. The offering includes instant money transfers, a Visa debit card, early direct deposit, up to 6% annual percentage yield on balances, and 3% cashback on purchases.
What X Money offers
Users can send and receive money instantly through the service, both to other X Money accounts and to external bank accounts. The instant transfer feature eliminates typical bank transfer delays, allowing real-time movement of funds. The Visa debit card allows spending directly from the X Money account wherever Visa is accepted, both online and in stores. With early direct deposit, users can get their paychecks up to two days early, providing faster access to wages. Balances in the account earn up to 6% APY, meaning users can grow their savings while keeping money in the account. Eligible purchases earn 3% cashback, which is credited back to the account.
Who can get it
The rollout is limited to US Premium subscribers. X has not announced a timeline for expanding the service to other users or to markets outside the United States. The company has not released full terms and conditions for the service, including any fees or limits that may apply.
X Money is the latest addition to the platform's financial features. The rollout is ongoing, and X has not disclosed how many users currently have access. Premium users can check their X app to see if the service is available to them.
