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Treasury Taps BNY, Robinhood for Trump Accounts Program
The U.S. Department of the Treasury has selected BNY Mellon and Robinhood as financial agents for its new Trump Accounts program, aiming to boost family savings and financial access. The program will offer bonus savings accounts of up to $500 for eligible children, with BNY Mellon as custodian and Robinhood providing a mobile platform. It is set to launch nationwide in June 2026, with applications opening in May.