As of Cross River Bank's July 27, 2026 announcement, X Money is a financial-services product built into the X app in the U.S., powered by Cross River: FDIC-insured interest-bearing accounts, a Visa debit card, and peer-to-peer payments. VaultRubric has not retrieved a public X Money fee/APY schedule HTML page for independent verification of rates and fees — those cells stay not found unless labelled as third-party press.
Data as of · Last updated · By VaultRubric Research · How we score · Not investment advice.
As of Cross River Bank's July 27, 2026 announcement, X Money is a financial-services product built into the X app in the U.S., powered by Cross River: FDIC-insured interest-bearing accounts, a Visa debit card, and peer-to-peer payments. VaultRubric has not retrieved a public X Money fee/APY schedule HTML page for independent verification of rates and fees — those cells stay not found unless labelled as third-party press.
This page summarizes what is citably confirmed about X Money as of 2026-10-12, and how that product type compares structurally to Venmo and Cash App using their official fee/FDIC pages. It is not a recommendation to open or use any payments app. Rates, availability and fees change; confirm in each app or on each provider's site.
| Fact | What sources say | Source |
|---|---|---|
| Product | Financial services platform built directly in the X app | src · 2026-07-27 |
| Bank partner | Cross River Bank provides banking infrastructure / deposit accounts (Member FDIC per Cross River) | src · 2026-07-27 |
| Accounts | FDIC-insured, interest-bearing accounts embedded in X | src · 2026-07-27 |
| Card | Visa debit card | src · 2026-07-27 |
| Payments | Peer-to-peer (P2P) payments inside X | src · 2026-07-27 |
| Geography (announcement) | U.S. social platform rollout (Cross River describes connecting users across the United States) | src · 2026-07-27 |
| Crypto in launch announcement | Cointelegraph notes the Cross River announcement did not mention cryptocurrency or stablecoin support ⚑ third-party / press | src · 2026-07-27 |
| Earlier testing (reported) | Cointelegraph: limited beta confirmed by Elon Musk May 2025; limited external beta March 2026 ahead of wider launch ⚑ third-party / press | src · 2026-07-27 |
| Licensing (reported) | Cointelegraph: X obtained money transmitter licenses in more than 40 U.S. states and FinCEN registration for P2P ⚑ third-party / press | src · 2026-07-27 |
| Account suspension & balances (reported) | 9to5Mac (Aug 6, 2026) quotes X Money (@XMoney): most suspensions keep Money access; Child Safety / Violent and Hateful Entities (and Money AUP fraud) can revoke access with balance returned by check ⚑ third-party / press | src · 2026-08-06 |
Cross River's announcement confirms accounts are interest-bearing but does not publish a numeric APY or fee schedule. VaultRubric therefore marks specific APY, cash-back percentages, and X Money transfer fees as not found on a retrieved official schedule. Third-party press has described numbers (for example 9to5Mac on 9to5Mac , Aug 6 2026, wrote Premium+ at 6% APY and Premium at 4% rising to 6% after qualifying deposits, plus 3% cash back on eligible X Card purchases). Treat those as unverified press reports until confirmed in the X Money app or an official X disclosure.
| Item | VaultRubric status |
|---|---|
| Standard / boosted APY % | not found on a retrieved official X Money schedule (interest-bearing confirmed by Cross River · 2026-07-27) |
| Debit cash-back % | not found on a retrieved official schedule |
| Instant withdrawal fee | not found on a retrieved official schedule |
| Standard ACH withdrawal | not found on a retrieved official schedule |
| State-by-state availability list | not found on a retrieved official public list |
X Money sits in the same product neighborhood as Venmo and Cash App (P2P + balance + debit card), not as a brokerage or HYSA comparison in our scored dataset. Competitor fee/FDIC cells below cite each provider's own help pages; X Money numeric fee cells stay not found.
| Fact | X Money | Venmo | Cash App |
|---|---|---|---|
| What it is | In-app payments + interest-bearing deposit account + Visa debit (U.S.) src · 2026-07-27 | P2P / balance payments app (PayPal Inc.); not a bank src · 2026-10-12 | Financial services platform; not an FDIC-insured bank src · 2026-10-12 |
| Bank / deposit partner | Cross River Bank src · 2026-07-27 | USD balance may be placed at Program Banks for pass-through FDIC when conditions met (see Venmo fees page disclosure) src · 2026-10-12 | Wells Fargo Bank, N.A. and Sutton Bank, and/or The Bancorp Bank, N.A. (pass-through FDIC if Cash App Card or sponsored account, conditions apply) src · 2026-10-12 |
| P2P payments | Yes (announced) src · 2026-07-27 | $0 to send to Venmo or U.S. PayPal using balance/debit/bank (personal) src · 2026-10-12 | not found on the Cash App pages retrieved for this pass (P2P is the core product; exact fee table not pulled) |
| Interest-bearing balance | Yes (rate % not on retrieved official schedule) src · 2026-07-27 | not found as a standard interest rate on the Venmo fees page retrieved | Separate Savings Balance mentioned; FDIC eligibility rules on Cash App help (APY % not on the FDIC help page retrieved) src · 2026-10-12 |
| Debit card | Visa debit src · 2026-07-27 | Venmo Debit Card fees listed (e.g. ATM international $2.50; foreign transaction fee 2.50% beginning Nov 4, 2026) src · 2026-10-12 | Cash App Card enables FDIC pass-through eligibility per Cash App help src · 2026-10-12 |
| Standard bank transfer out | not found | $0 standard electronic withdrawal; typically 1–3 business days to linked bank src · 2026-10-12 | $0 standard; usually 1–3 business days src · 2026-10-12 |
| Instant transfer out | not found on retrieved official X schedule | 1.75% (min $0.25, max $25) Instant Transfer to eligible debit/bank src · 2026-10-12 | 0.5%–2.5% Instant (min $0.25–$1, max $75); fee shown before confirm src · 2026-10-12 |
Not financial advice. X Money availability, rates and fees can change without notice. VaultRubric does not score X Money in the savings or brokerage rubrics yet because we lack a complete official fee/APY fact set with as-of dates suitable for scoring.
Per Cross River Bank's July 27, 2026 announcement, X Money is a financial services platform built into the X app, with Cross River providing FDIC-insured interest-bearing accounts, a Visa debit card, and peer-to-peer payments.
Cross River Bank is the announced banking partner that provides the deposit-account infrastructure. X (the social app) is the consumer-facing platform. Specific legal entity disclosures for X Payments LLC should be confirmed in X's own Money terms.
Not found on a retrieved official X Money schedule. Cross River confirms accounts are interest-bearing. Third-party press (e.g. 9to5Mac, Aug 6 2026) has reported tiered APYs; verify in the app.
All three offer P2P-style balances and debit cards in the U.S. market. Venmo and Cash App publish fee pages for standard vs instant withdrawals (cited on this page). X Money's numeric fee/APY schedule was not retrieved from an official public page for this pass.
No. This page is facts and sources only, not a recommendation to open or use any payments product.