Elon Musk Unveils New Payment Platform X Money: Everything You Need To Know
Elon Musk's long-promised vision of an "everything app" is taking a major step into financial services with X Money. Beginning its rollout on July 27, 2026, the service is currently available to select U.S. Premium and Premium+ subscribers aged 18 and above. It brings peer-to-peer payments, direct deposits, bill payments, checks, wire transfers, and a Visa debit card into the X platform, allowing users to manage everyday financial activities alongside social and creator interactions. X Money is designed to function more like a fintech wallet or neobank experience than a traditional bank. Users can send money to other X users, receive paychecks through direct deposit, and access an interest-bearing account. Premium+ users can earn up to 6.00% APY, while eligible card purchases can provide 3% cashback. The X Money Card also supports Apple Wallet, has no foreign transaction fees, and offers ATM fee reimbursement under the stated terms. Cross River Bank serves as the regula...