If you're looking to upgrade your X-Account on the Wirex app to enjoy higher interest rates and increased limits, you'll be pleased to know that it's a simple process that can be completed in just a few easy steps. In this article, we'll walk you through the two methods to upgrade your X-Account.
Method 1: Upgrade to X-Accounts Plus
Step 1: Go to the Grow tab
To upgrade to X-Accounts Plus, start by navigating to the Grow tab on the Wirex app.
Step 2: Select the X-Account you want to upgrade
Under the Grow -> Earn select the Flexible X-Account you want to upgrade.
Step 3: Click on the 'Manage' button
Once you've selected the X-Account you want to upgrade navigate to ’Manage' -> ’Upgrade to Plus X-Account'.
Step 4: Confirm the upgrade
On the explanation screen, confirm the upgrade by clicking on the ‘Upgrade’ -> 'Upgrade X-Account' button.
Step 5: Wait for the upgrade to be processed
After confirming the upgrade, wait for it to be processed. This usually takes only a few minutes.
Method 2: Upgrade to X-Account Fixed
Step 1: Go to the Grow tab
Start by navigating to the Grow tab in the Wirex app.
Step 2: Choose the X-Account you want to upgrade
In the Earn tab, find your list of X-Accounts and select the Flexible or Plus X-Account you want to upgrade.
Step 3: Tap ‘Upgrade to Fixed’
There are two ways to initiate the upgrade:
1) Tap the banner showing ‘Upgrade to Fixed X-Account’
2) Or go to Manage → ‘Upgrade to Fixed X-Account’
Step 4: Select your term
Choose the fixed term that best suits your savings goal — options vary depending on the currency and may range up to 24 months.
The longer the term, the higher the interest rate you’ll receive.
Step 5: Confirm the upgrade
Review the details of your selected term, interest rate, and payment currency. Then tap ‘Upgrade X-Account’ to confirm.
Step 6: Wait for confirmation
Once confirmed, your Flexible X-Account will be upgraded to Fixed. This typically takes just a few moments.
Your funds will be locked for the full term. Once the term ends, your account will automatically convert to Flexible and you’ll be able to withdraw your funds.
Method 3: Choose interest in WXT
Step 1: Go to the X-Accounts tab
Start by navigating to the Grow -> Earn tab on the Wirex app.
Step 2: Select the X-Accounts you want to upgrade
Under the X-Account tab, select the X-Account you want to upgrade.
Step 3: Click on the 'Manage X-Account' option
Once you've selected the X-Account you want to upgrade, click on the 'Manage' option near ‘Add Funds’ ‘Withdraw’ tabs.
Step 4: Tap 'Boost interest to WXT'
Tap 'Boost interest to WXT' to increase the interest.
Step 5: Confirm the upgrade
On the explanation screen, confirm the upgrade by clicking on the 'Upgrade X-account' button.
Step 6: Wait for the upgrade to be processed
After confirming the upgrade, wait for it to be processed. This usually takes only a few minutes.
Please note that if you choose to receive interest in WXT, you won't be able to switch back to interest in kind. However, you can open another X-Account on the same currency and toggle 'interest in kind', or simply close the existing X-Account and open a new one.
In conclusion, upgrading your X-Account is a simple process that can be completed in just a few easy steps. By following either of these methods, you can upgrade your X-Account and enjoy the benefits of a higher interest rate and increased limits.