People move about the office of BNY Mellon investment banking company in New York City on July 10, 2024. David ‘Dee’ Delgado/File Photo/Reuters
The U.S. Department of the Treasury has named The Bank of New York Mellon Corp. as a financial agent to assist the launch of the new Trump Accounts program, which will provide families easy access to bonus accounts for eligible children.
BNY is tasked with managing initial accounts and partnering on the development of a Trump Accounts app, a custom, white-label product made for the Treasury Department. Robinhood will also act as a brokerage and initial trustee for the Trump Accounts.
