X Money
X Money Account
By Alex Compton · Last verified
Free and paid tiers with deposit-based rewards; no interest for New York residents
Insurance: Cross River Bank; eligible deposits up to $250,000 per depositor, bank and ownership category, with up to $10 million across sweep banks subject to conditions and other deposits at those banks
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY / yield | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-10-23 | 4.00% or 6.00% depending on tier and qualifying deposits; New York residents receive no interest | $0 monthly account fee; optional paid X subscription and service fees are separate | No opening minimum specified in the reviewed disclosures | X Money rates, effective October 12, 2026 →Corrected the prior site record using current primary sources, including October 12 variable rates, free and legacy tiers, New York exclusion, rewards MCC exclusions and tier-specific fee limits. See the evidence log for the source checks. |
| 2026-10-19 | Previously recorded: 4.00% with legacy Premium; 6.00% with Premium+ or qualifying deposits | Previously recorded: paid access required at $8/month or $40/month | None listed | Archive record · no attached snapshotSuperseded site snapshot. The October 23 review corrected incomplete tier, state and fee information; this entry does not establish that these old claims were accurate or that bank terms changed on this date. |
Primary-source verification log
Append-only evidence ledger- confirmed
Checked beneficial ownership, custodial records and identifiable depositor interests required for pass-through coverage.
Fields: fdic, sections
X Money pass-through insurance conditions → - confirmed
Checked select-user US 18+ rollout, early direct deposit, payment features, no debit foreign transaction fee and up-to-$10M sweep coverage subject to conditions. No firsthand service-performance rating claim is made.
Fields: features, fdic
X Money product and sweep disclosures → - confirmed
Checked zero monthly account fee, instant withdrawal fee, wires, no credit feature, New York interest exclusion and conditional bank coverage. No numeric opening minimum was specified in reviewed disclosures.
Fields: monthlyFee, minimumOpen, fdic
Cross River stored-value agreement and fee disclosures → - changed
Corrected eligible 1% versus up-to-3% rewards, qualifying-deposit boost, weekly settlement and MCC exclusions including utilities, wholesale clubs and insurance. Rates and caps may vary.
Fields: features, plans, cons
X Card cashback rewards terms → - changed
Rechecked account access, funding and payment features, tier-specific ATM rebates and service fees. FAQ caps other users at two rebates of up to $4; agreement describes rebates generally, so copy directs readers to applicable app terms.
Fields: features, atm, plans, pros, cons, ourTake, sections, faqs
X Money official FAQ → - changed
Corrected prior site snapshot: current and legacy tier mapping, free-tier deposit boost and New York interest exclusion. Review date is not a bank change date.
Fields: apy, monthlyFee, plans, lastVerified, termHistory
X Money rates effective October 12, 2026 → - confirmed
Terms unchanged
X Money (X Premium) banking page →
Plan Options
Free / legacy Basic or no subscription
$0 account fee; legacy subscription charges, if any, separate
4.00%; eligible deposit boost to 6.00%. No interest in New York.
- ▸1% eligible cash back; qualifying-deposit boost up to 3%
- ▸ATM rebates capped at $4 each for two monthly withdrawals
- ▸Metal card costs $25; outbound domestic wires cost $20
Plus / legacy Premium
$0 account fee; paid subscription priced separately
4.00%; eligible deposit boost to 6.00%. No interest in New York.
- ▸Up to 3% eligible cash back
- ▸Unlimited ATM operator-fee rebates
- ▸Two free outbound domestic wires per year, then $20 each
Premium, Super, Ultra / legacy Premium+
$0 account fee; paid subscription priced separately
6.00%; no deposit boost required. No interest in New York.
- ▸Up to 3% eligible cash back
- ▸Unlimited ATM operator-fee rebates and free outbound domestic wires
- ▸New Premium differs from legacy Premium
Features
- ▸Visa debit card spends your available balance; no credit line
- ▸Virtual card plus optional physical metal card
- ▸Direct deposit, ACH, wires, mobile check deposit and cash loading
- ▸Early direct deposit advertised up to two days
- ▸Bill payments, mailed checks and payments to other X Money users
- ▸No additional foreign transaction fee on debit purchases; currency conversion still applies
Pros
- +A paid subscription is not necessary for the qualifying-deposit rate path
- +Eligible purchases can earn debit rewards
- +Multiple funding and payment methods
Cons
- −Select-user rollout; enrollment is not guaranteed
- −New York residents earn no interest
- −Cashback exclusions include utilities, wholesale clubs, insurance, rent and taxes
- −Free-tier ATM rebates are capped; instant withdrawals and other services can cost extra
- −X Payments is a fintech; deposit insurance depends on bank and pass-through conditions
Our Take
Check eligibility before moving money. A qualifying free-tier user may reach the same advertised yield as a paid subscriber, so compare any subscription cost against the benefits you will actually use. For New York residents, evaluate payments and eligible debit rewards without counting on interest. Review merchant exclusions before treating the advertised cash-back rate as a return on all spending.
Best for: Eligible users who understand the deposit rules and merchant exclusions; interest seekers must be outside New York
Open at X Money →Last verified 2026-10-23
Rates checked October 23, 2026
The rate sheet is effective October 12, 2026. The boost requires at least $1,000 over a trailing 34 days in ACH direct deposits with SEC code PPD or eligible X Creator payouts. Rates can change. An ordinary bank transfer is not automatically qualifying.
Read fees by subscription version
Current subscription names and legacy names coexist. Use the tiers above, then confirm the price shown by X before subscribing. The FAQ states tier-specific ATM rebate caps, while the account agreement describes reimbursement more generally. Rely on the app’s applicable terms before withdrawing. Instant withdrawals cost 1.75%, with a $0.25 minimum.
Deposit insurance is conditional
X Payments itself is not FDIC insured. Pass-through coverage requires your ownership and interest in the funds to be identifiable in the relevant records. Existing deposits at a sweep bank reduce available coverage there. Review the bank list before keeping large balances.
Frequently asked questions
Is X Money a credit card?
No. The X Card is a Visa debit card issued by Cross River Bank and uses money in your account.
Can New York residents earn X Money interest?
No. The reviewed terms exclude New York residents from interest and rate boosts, regardless of subscription or qualifying deposits.
Does X Money require a paid subscription?
The current terms include free-tier users. Access is still rolling out to select U.S. users, so confirm enrollment availability in your account.
Rate this card
Be the first to rate it
Commentson X Money Account
Comments are stored in your browser during our community preview. Accounts, moderation and cross-device sync arrive with Credit Compound Community.