Banks could face new verification requirements as Trump mulls executive order | The IndependentNotifications can be managed in browser preferences.Jump to contentIndependentSwipe for next articleIndependent Bulletin homepageDownload ourSocial PartnerWe are 8 logo (opens in a new tab)AllNewsSportCultureLifestyleMike BediganWednesday 25 February 2026 00:25 GMTThe order would require banks to make sure customers are U.S. citizens to create or keep their accounts (Getty Images/iStockphoto)President Donald Trump's administration is reportedly considering an executive order that would require banks to verify customers' US citizenship to open and use their accounts.Banks would be forced to require documentation to establish a customer's citizenship status in order to open an account.Currently, US banks are not obliged to gather citizenship information, and non-citizens face no restrictions on opening accounts.When approached for comment, the White House dismissed unannounced policy discussions as “baseless speculation.”The potential executive order is viewed as a new facet of the administration's immigration enforcement strategy and has reportedly caused apprehension among some banking institutions.In fullTrump team weighs order to force banks to make sure customers are citizens to keep or create accountsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in