PANews June 30 news, according to posts and screenshots from well-known investor Sawyer Merritt, who focuses on Tesla and the electric vehicle sector, X platform's payment service X Money has announced limits for transfers, deposits, withdrawals, and the X Card. Users may apply for higher limits.
- For transfers, wire transfers have a daily limit of $75,000 and a 30-day limit of $250,000; checks have a daily limit of $40,000 and a 30-day limit of $75,000.
- X Card has a daily spending limit of $25,000 and a daily cash withdrawal limit of $2,000.
- For deposits, bank card deposits are unlimited; checks have a per-transaction and daily limit of $20,000 and a 30-day limit of $45,000; cash deposits are limited to $990 daily and $4,500 over 30 days.
- For withdrawals, bank card withdrawals are limited to $5,000 daily and $15,000 over 30 days; checks have a per-transaction limit of $25,000.
X Money offers a 6% annual yield on eligible balances, with no upper limit, no lock-up period, and no minimum balance requirement.