X Money, the financial arm of social media platform X, began offering deposit accounts, instant transfers and a Visa debit card to Premium and Premium+ subscribers in the United States. The service provides annual interest rates of up to 6% on interest‑bearing balances. Users can send funds instantly to other X accounts without a transfer fee and receive free ATM withdrawals. Purchases made with the X Card earn 3% cashback. Direct deposits may be available up to two days early. The offering includes wire transfers, check printing and access to customer support. X described the rollout as the first peer‑to‑peer payment service built directly into a US social media platform. The company said it is the first US social network to combine insured deposit accounts, interest earnings, a debit card and broader payment tools within its main product. The service relies on Cross River, a regulated bank, for deposit insurance and on Visa for card processing. Individual deposits held at Cross River are insured up to $250,000; a cash‑sweep program can provide aggregate FDIC coverage of up to $10 million. X Money itself is not an FDIC‑insured institution, so coverage depends on the underlying banks and the sweep program’s records. Eligibility is limited to Premium and Premium+ users, and no timetable has been set for expanding the service to free users or to international markets. Elon Musk previously said that payments could eventually cover a user’s entire financial life, but the current rollout still depends on traditional banking partners and payment networks. X has not announced support for Bitcoin, Dogecoin or any other cryptocurrency, and Musk said the platform will not issue its own crypto token.