What bank does the president use?
What bank does the president use?
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The President of the United States does not have an exclusive banking relationship, instead using a variety of banking institutions to handle the financial needs of the President and the White House. Typically, these banking institutions will offer services such as checking accounts, deposit accounts, cash management tools, investment and retirement accounts, mortgage, and credit card products.
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What bank does the president use?
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The President of the United States does not have a preferred bank. According to The Washington Post, the President and First Lady maintain two checking accounts, one at JPMorgan Chase and one at First Trust. These accounts are used to deposit the President's salary and other money earned by the First Family. The accounts also allow them to write checks, receive Social Security benefits and keep track of their financial holdings.
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