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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Wall Street Giants Join Forces For Trump Accounts App — $1,000 Offer Draws Millions

Trump BNY Robinhood The US Treasury Department United States IRS
Early investment opportunities through Trump Accounts give families a potential head start on education or first home costs. (Credit: Maitree Rimthong/Pexels)

The US Treasury Department designated Bank of New York Mellon as the financial agent for Trump accounts, entrusting the bank to manage the initial accounts that are slated to be launched on 4th July.

BNY will also collaborate with Robinhood Markets to develop the Trump account app. 'We are honoured to be selected as the financial agent for Trump Accounts,' said BNY CEO Robin Vince. 'In collaboration with Robinhood, a leading financial technology platform committed to democratizing the markets for investors, we are helping to expand access to financial opportunity for all Americans.'

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