X Money Reaches All U.S. Paid Subscribers Nationwide

Elon Musk's X Money payments product launched nationwide to all U.S. Premium and Premium+ subscribers on July 27, 2026. The service includes a Visa debit card, fee-free instant peer-to-peer transfers, up to 6% APY on balances, and up to 3% cash back. Accounts are backed by FDIC-insured Cross River Bank. The Senate Banking Committee has previously written to Musk regarding the launch.