Update 8/31/26: Now available to all Premium & Premium+ X.com users. (New York state is excluded in the terms from earning interest.) Despite it saying available to all Premium & Premium+ users some people are not able to sign up for X Money.
Update 7/27/26: X money on X is advertising that this is being rolled out to premium users on X. Seems very limited currently.
William Shatner has shared details regarding the beta roll out of Elon Musk’s ‘X Money’ features. Some things to know:
- $25 welcome bonus (plus $1 from William Shatner?)
- Debit card with cash back
- 6% APY, a screenshot says ‘Earn APY when you deposit your paycheck into your X account’
- Deposits held by Cross River Bank, Member FDIC. Insured up to $250,000
- Card will be metal
- Invitations to the beta are being released via a $1,000 donation to Shatner’s Hollywood Charity Horse Show Organization
This will be big https://t.co/Xubex9Mea1
— Elon Musk (@elonmusk) March 4, 2026
Here’s a few more screenshots. There’s a debit card with cash back too! 😳😱 pic.twitter.com/yeKE1gXAjQ
— William Shatner (@WilliamShatner) March 3, 2026
It’s still there 👇🏻 https://t.co/0W1ywhmPTh pic.twitter.com/73tGyyE9rl
— William Shatner (@WilliamShatner) March 3, 2026
Our Verdict
Honestly I thought I was in a fever dream researching and writing this. How useful the product will actually be will depend on the details. A $25 sign up bonus doesn’t move the needle compared to other bank account bonuses, accounts already offer high yields with a direct deposit requirement and rewards debit cards aren’t anything new either. There is some utility in all of that being combined but as they say the devil is in the detail and at the moment we don’t have any of the details of how it will all work. Mr Beast recently acquired fintech step app, although it seems that X is gathering state licenses as well as having an underlying bank hold deposits (at least for now).
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