Elon Musk expands X into US banking, offering up to 6% annual yield with X Money

X has begun rolling out X Money in the U.S. for eligible Premium users.

The app adds deposit accounts, payments, a Visa debit card, direct deposit, and savings yields.

Banking is provided by partner institutions such as Cross River Bank, not directly by X.

The move advances Elon Musk’s vision of an all-in-one “everything app” but brings regulatory scrutiny.