[2026.9 Update] This account was beforehand out there solely to a small group of customers. It’s now out there to all X Premium subscribers, so everybody who’s eligible can now give it a strive!
Software Hyperlink
- X Cash — That is an informational web page. X Premium subscribers can entry X Cash by discovering Cash within the left sidebar of the X app.
Options
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Earn as much as 6% APY on deposits! In the mean time (September 2026), this price is considerably increased than what you may get from most mainstream banks. To qualify for the 6% APY, you must meet both of the next necessities:
- Subscribe to X Premium ($8/month or $84/12 months) AND obtain at the very least $1,000 in Direct Deposit (DD) throughout every trailing 34-day interval; or
- Subscribe to X Premium+ ($40/month or $395/12 months).
The Direct Deposit (DD) route might be the extra sensible choice for the overwhelming majority of USCreditCardGuide readers.
- Even when you don’t meet the necessities for the 6% APY, X Premium subscribers nonetheless earn 4% APY as of September 2026.
- Earn 3% cashback on debit card purchases!
- Some buy classes are excluded from the three% cashback program, for instance tax funds. See the phrases for the total checklist of excluded classes.
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The cashback cap is considerably unclear. X’s advertising and marketing supplies don’t promote a particular cap, however the phrases state that cashback could also be capped and that X reserves discretion over the relevant cashback price: “Particular proportion offered as Cashback Rewards might differ based mostly on buy classes, and the whole quantity of Cashback Rewards could also be capped. We reserve the best to find out in our sole discretion which proportion to use to an Eligible Transaction. We might spherical down the quantity of Cashback Rewards granted to the closest cent.”
- X Cash itself is just not a financial institution. Deposit accounts are held at Cross River Financial institution, Member FDIC, and insured as much as $250,000. Deposits are mechanically enrolled in a money sweep program, which supplies as much as $10M of mixture FDIC pass-through deposit insurance coverage protection, throughout taking part FDIC-insured community banks, topic to limits.
- For those who already subscribe to X Premium however nonetheless don’t see the Cash tab, one doable purpose is that you’re utilizing a VPN and your account has been flagged as a international consumer. X Cash is at the moment out there solely to U.S. customers.
Abstract
The 6% APY on deposits and 3% cashback on debit card purchases are each extraordinarily enticing. The supply virtually appears too good to be true.
It is vitally seemingly that these advantages are merely promotional subsidies throughout the early stage of the product, so get pleasure from them whereas they final. Since X is an Elon Musk firm, it presumably has deeper pockets than the standard small fintech startup. Hopefully these unusually beneficiant advantages will stick round for some time quite than getting nerfed too rapidly!
Software Hyperlink
- X Cash — That is an informational web page. X Premium subscribers can entry X Cash by discovering Cash within the left sidebar of the X app.
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