I wish there was a brokerage account as part of it. If its ever really going to be a “one stop place for finance” it needs an associated brokerage account. At the big banks (like Wells Fargo) your home screen shows all of your accounts (checking, brokerage, IRA etc) and its easy to move money from cash into stocks and from stocks into cash. It would be great to park cash at 6% until im ready to put it in stocks. I cant get rid of my other accounts unless there is a brokerage account as part of xmoney.
@LockheedMartin Why is LMT’s market cap only 120bb? Its stock has certainly made me a good bit of money over the last 10 years and it pays a nice dividend, but how is it that spacex is worth over a trillion (and makes no money) but LMT is only worth a fraction of that?
Can someone tell me: how much money can I move from an xmoney account to my linked chacking account at a major bank via simple ach transfer through the app per transfer or per day? To me, the xmoney account only makes sense if you can put considerable cash in it, but to do that U want to be able to get it out immediately. My underatanding was its $2 million so no material transfer limit but I’ve seen other posts saying its only $7,500 per day.
@tannycalifornia@XMoney I put money in the account to get 6% interest. Plus there is a debit card for the account (actually 2, one “virtual” and one physical hard card) that pays 3% cash back. So basically everything I buy with the card is at a 3% discount.
@snova8421@XMoney I cant remember the exact number of days, but it was roughly a week. I signed up for premium+specifically to get xmoney. I did not have an X account before this.