# X Money Begins Limited US Rollout

Elon Musk's financial service platform is now available to Premium subscribers.

- **Source:** [Engadget](https://www.engadget.com)
- **Published:** 2026-07-27
- **Topic:** [Finance](https://brifing.si/c/finance)
- **Original article:** <https://www.engadget.com/2224633/x-money-begins-limited-us-rollout/>
- **On Brifing:** https://brifing.si/s/6ef3ee87-825a-479f-bee0-55920e93677b

## What is X Money?

X Money is the new financial services platform from the social media network formerly known as Twitter. This service is currently available only to Premium and Premium+ subscribers in the US. Users can access this service following an invite-only beta phase. X Money offers users a deposit account, peer-to-peer payments, and a debit card. This card is available both digitally and as a customizable metal version.

## Service Features

X Money offers users advantages such as up to 6% APY, 3% cashback bonuses, and 'no foreign transaction fees.' Additionally, there is an option for early direct deposit. Interest rates vary depending on factors like your X subscription tier and regular deposits. However, there are services excluded from cashback. Although X Payments LLC is not an FDIC-insured bank, deposits are held at Cross River Bank, which is a member of FDIC, and thus balances are insured.

## Integrations and Card Options

X Money offers integrations with Visa and Apple Wallet. Users can have a digital debit card as well as request a customizable metal card. This card can be personalized with the user's X handle. These features set X Money apart from other financial services.

## Beta Phase and User Access

X Money is currently in an invite-only beta phase and is available only to Premium and Premium+ subscribers in the US. This limited access allows the platform to be tested before being opened to a wider audience. Users must be 18 years or older and have a Premium subscription to access this service.

## FDIC Insurance and Security

Although X Payments LLC is not an FDIC-insured bank, deposits are held at Cross River Bank, which is a member of FDIC. Therefore, users' balances are insured by FDIC. This guarantees that users' money is safe and increases the platform's reliability.

## The Everything App Goal

X Money is part of Elon Musk's goal to turn X into an 'everything app.' This service represents the social media platform's expansion into financial services. Musk aims for X to become a single platform that meets users' daily needs.

## User Reactions and Trust

The launch of X Money has elicited mixed reactions among users. While some users hesitate to trust a platform led by Elon Musk, others are eager to try this innovative service. The platform's reliability and how it will protect users' money are significant points of discussion.

## Future Steps and Expansion

X Money's start with a limited user base shows the platform's potential to open up to a wider audience in the future. The company plans to evaluate the service's performance and user feedback to roll it out in more countries and to a broader user base. This could position X as a significant player in the financial services sector.

## Sources covering this story

- https://www.engadget.com/2224633/x-money-begins-limited-us-rollout/ — 

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_Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._