X Money Goes Live: Elon Musk’s ‘Everything App’ Gets Full Banking Features
TLDR
- X Money is now broadly available, offering deposits, P2P payments, bill pay, wire transfers, and check mailing inside the X app
- Deposits are held at Cross River Bank and FDIC-insured up to $250,000
- Premium+ subscribers earn up to 6% APY — well above most US high-yield savings accounts
- Cross River will also power Visa debit cards and payment rails for the platform
- Senator Elizabeth Warren questioned how X Money would generate enough revenue to pay that yield
Elon Musk has long said he wants X to become an “everything app” similar to China’s WeChat. That vision moved a step closer this week with the wider rollout of X Money, a banking service built directly into the social media platform.
Your money, on the world’s most powerful network
𝕏 Money is rolling out to U.S. Premium and Premium+ subscribers starting today pic.twitter.com/2c1UMkB4Kn
- X Money (@XMoney) July 27, 2026
X Money lets users hold deposits, send peer-to-peer payments, pay bills, transfer money by wire, and even mail checks — all without leaving the app. The service had been available since late June to a small group of top-tier subscribers before expanding to a broader audience.
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