X Money reaches Premium+ subscribers in the US: up to 6% APY, Visa metal card and 3% cashback

X Money, the wallet and payment service integrated into Elon Musk's social network, began to be rolled out to a select group of Premium+ subscribers in the United States, according to media outlets such as CNBC TV18 and the summary broadcast by @niccruzpatane on X on June 26, 2026.

What X Money offers

According to Nic Cruz Patane's post, the advertised benefits include:

• High interest: up to 6% APY on balances held in the X Money wallet.
• Cashback: 3% back on purchases with the card.
• Metallic Visa Card: personalized physical debit with the user's @handle in X.
• Payments to creators: X monetization revenue is deposited directly into the account.
• No foreign fees: zero charges for international transactions with the card.
• P2P Transfers: instant sending of money between X users.
• Payroll: direct deposit of salary into the account.
• FDIC Insurance: Access to up to $10 million of coverage through the Cash Sweep program (base deposits typically have the standard limit of ~$250,000 per depositor through the partner bank).
• Cash deposits: possibility of depositing cash at authorized locations.

Musk's "everything app" plan

X Money is part of Musk's ambition to turn X into a WeChat-style "everything app": messaging, content and finance in a single ecosystem. CNBC TV18 notes that the service initially operates only with fiat currency—without cryptocurrency integration announced—and competes with Venmo, Cash App, Zelle, PayPal, and Apple Pay.

The advantage of The support of Visa and partner banks such as Cross River Bank provides operational credibility, although analysts warn that consumer confidence and regulatory compliance will be key.

Who can access and how much Premium+ costs

For now, X Money is limited to select Premium+ users in the US. Premium+ is the most expensive tier of the X subscription; Base plans start at about $8/month, according to CNBC, and include less advertising, greater visibility and tools for creators. Patane quotes Musk as saying that the service will be available to all X users in the future, without a specific date.

MARGENEZ has not independently verified whether your account has access; the invitation seems to be gradual. If you receive the option in the X app, review the terms, fees and conditions of the Cash Sweep program before moving significant funds.

Regulatory context

The launch of financial services through technological platforms has sparked interest in Washington. Specialized media reported that the Senate Banking Committee sent inquiries about consumer disclosures related to X Money in April 2026. Any change in licensing terms or requirements could affect the speed of the national rollout.

In summary

What is X Money? A wallet and payment account within And then? Musk promises to open it to all users; Competition with established neobanks will be the challenge.