Subscribers gain access to an X Visa debit card compatible with Apple Pay, enabling fee-free peer-to-peer transfers directly within the app. Beyond digital integration, users receive a physical card featuring zero foreign transaction fees and complimentary ATM withdrawals globally. The financial tiering depends on the user’s current subscription: Premium+ members receive the 6% APY automatically, while standard Premium users unlock the rate by linking a direct deposit to their account. Additional perks include up to 3% cash back on select purchases and early access to deposited funds.
Elon Musk Launches X Money With High-Yield Debit Accounts
A 6% annual percentage yield on account balances leads the debut of X Money, the social platform’s new financial services suite now rolling out to U.S. subscribers. The move marks a definitive step in Elon Musk’s long-standing ambition to transform the former Twitter into a comprehensive financial hub.
This launch fulfills a personal objective for Musk that dates back to 1999, when he founded the original X.com before its merger into PayPal. Reclaiming the domain name after his 2022 acquisition of the social media platform, Musk has consistently signaled his intent to build an "everything app." By integrating banking services directly into the user feed, the company moves closer to that goal, shifting X from a digital town square into a functional gateway for personal finance.
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