Elon Musk’s X Wants to Replace Your Bank: Here’s How X Money Works
This launch follows an invite-only beta earlier this year, and X says it intends to make it available to more people at a later date. Those on the cheaper Premium sub, at $8 a month or $84 a year, will need to deposit an undisclosed amount to access 6% interest.An exclusive silver-colored metal bank card is available and accepted anywhere Visa payments are taken. The X logo is emblazoned on the front, with your username alongside it, and your other key details sit on the rear.
- ▪This launch follows an invite-only beta earlier this year, and X says it intends to make it available to more people at a later date.
- ▪Those on the cheaper Premium sub, at $8 a month or $84 a year, will need to deposit an undisclosed amount to access 6% interest.An exclusive silver-colored metal bank card is available and accepted anywhere Visa payments are taken.
- ▪The X logo is emblazoned on the front, with your username alongside it, and your other key details sit on the rear.
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| Original publisher | PCMag |
| Canonical URL | https://www.pcmag.com/news/elon-musks-x-wants-to-replace-your-bank-heres-how-x-money-works |
| Publication time | Tue, 28 Jul 26 10:05:45 +0000 |
| Retrieval time | 2026-07-28T10:14:32.876Z |
| Last seen | 2026-07-28T10:14:32.876Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | VP17dlRWmTVD · 1 stories |
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| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
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| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
As Elon Musk bought Twitter in 2022, he declared his intention to make it an “everything app.” X is now one step closer to that goal, rolling out its first banking tools with the launch of X Money in the US.X Money is a payment platform and financial service that gives you access to instant transfers, a digital wallet, easy peer-to-peer payments, and more, all through the X app, running alongside its social media features.To access X Money, you’ll need to be a Premium or Premium+ subscriber based in the US. This launch follows an invite-only beta earlier this year, and X says it intends to make it available to more people at a later date.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at PCMag.