X Money Expands to Premium+ Users With 6% APY, Metal Visa Card, and $10M FDIC Coverage

X has rolled out X Money to Premium+ subscribers, offering users a 6% annual percentage yield on deposits, a personalized metal Visa debit card, 3% cashback on purchases, zero foreign-transaction fees, and peer-to-peer transfer functionality. The service uses a cash sweep programme distributing customer balances across partner banks to provide up to $10 million in FDIC deposit insurance coverage per user, compared to the standard $250,000 limit at individual institutions. X Money operates through partnerships with Visa and Cross River Bank, and has secured money-transmitter licenses in 41 U.S. states plus Washington, D.C. The company has targeted a full public rollout to all X users for mid-2026.
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