Treasury Picks Robinhood & BNY As Trump Account Custodians, May Leave Expats Behind [Forbes]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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US:NYSE Investor Relations:
bnymellon.com/us/en/investor-relations/index.jsp
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Source: Forbes
However, as Robert Levitt, a Chartered Financial Analyst and cross-border investment advisor specializing in Americans living abroad, recently shared with me, the hurdle isn't just legislative. This is a barrier potentially impacting all U.S. children living overseas, resulting in the ultimate "Expat Wall." The Department of the Treasury's April 2026 designation of Bank of New York Mellon Corporation as the financial agent and Robinhood as the brokerage and initial trustee for Trump accounts creates the barrier. Although the Treasury has not yet released detailed onboarding criteria for the platform, existing account-opening frameworks at institutions such as Robinhood and Bank of New York Mellon typically require a U.S. residential address, which may effectively exclude citizens living abroad from using the official app-based infrastructure currently being developed. While the Trump Account legislation found in Internal Revenue Code Section 530A grants eligibility to all U.S. citize
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BK
Earnings
- 4/17/26 - Beat
BK
Sec Filings
- 4/23/26 - Form 8-K
- 4/21/26 - Form 4
- 4/21/26 - Form 4
- BK's page on the SEC website