The CMAA offering is set to enable BNY Mellon customers to handle their banking and self-directed investment capabilities through a web-based access point. The CMAA is a brokerage account that holds investment assets and directs uninvested cash balances to a “sweep account”.
The CMAA includes capabilities, such as a FDIC-insured interest bearing account, deposit capabilities at bank branches, cheque writing, online bill payment, ATM withdrawals, overdraft protection, as well as a secure client website for online trading.
BNY Mellon is a global financial services company operating in 36 countries and serving 100 markets. It provides asset management and wealth management, asset servicing, issuer, clearing and treasury services.
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