[2026.9 Update] This account was previously available only to a small group of users. It is now available to all X Premium subscribers, so everyone who is eligible can now give it a try!
Application Link
- X Money — This is an informational page. X Premium subscribers can access X Money by finding Money in the left sidebar of the X app.
Features
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Earn up to 6% APY on deposits! At the moment (September 2026), this rate is significantly higher than what you can get from most mainstream banks. To qualify for the 6% APY, you need to meet either of the following requirements:
- Subscribe to X Premium ($8/month or $84/year) AND receive at least $1,000 in Direct Deposit (DD) during each trailing 34-day period; or
- Subscribe to X Premium+ ($40/month or $395/year).
The Direct Deposit (DD) route is probably the more practical option for the vast majority of USCreditCardGuide readers.
- Even if you do not meet the requirements for the 6% APY, X Premium subscribers still earn 4% APY as of September 2026.
- Earn 3% cashback on debit card purchases!
- Some purchase categories are excluded from the 3% cashback program, for example tax payments. See the terms for the full list of excluded categories.
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The cashback cap is somewhat unclear. X’s marketing materials do not advertise a specific cap, but the terms state that cashback may be capped and that X reserves discretion over the applicable cashback rate: “Specific percentage provided as Cashback Rewards may differ based on purchase categories, and the total amount of Cashback Rewards may be capped. We reserve the right to determine in our sole discretion which percentage to apply to an Eligible Transaction. We may round down the amount of Cashback Rewards granted to the nearest cent.”
- X Money itself is not a bank. Deposit accounts are held at Cross River Bank, Member FDIC, and insured up to $250,000. Deposits are automatically enrolled in a cash sweep program, which provides up to $10M of aggregate FDIC pass-through deposit insurance coverage, across participating FDIC-insured network banks, subject to limits.
- If you already subscribe to X Premium but still do not see the Money tab, one possible reason is that you are using a VPN and your account has been flagged as a foreign user. X Money is currently available only to U.S. users.
Summary
The 6% APY on deposits and 3% cashback on debit card purchases are both extremely attractive. The offer almost seems too good to be true.
It is very likely that these benefits are simply promotional subsidies during the early stage of the product, so enjoy them while they last. Since X is an Elon Musk company, it presumably has deeper pockets than the typical small fintech startup. Hopefully these unusually generous benefits will stick around for a while rather than getting nerfed too quickly!
Application Link
- X Money — This is an informational page. X Premium subscribers can access X Money by finding Money in the left sidebar of the X app.
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