U.S. Treasury Selects Bny And Robinhood To Run “Trump Accounts”
The U.S. Treasury has officially designated Bank of New York Mellon and @RobinhoodApp to manage the new "Trump Accounts" savings program for children.
BNY Mellon will serve as the primary financial agent, while Robinhood provides the technology, app design, and customer service operations.
This national savings initiative, established under last year’s tax law, is designed to incentivize long-term wealth building for minors.
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