The proposed executive order by former President Donald Trump aims to require U.S. banks to verify the citizenship status of all account holders, impacting both new and existing customers. With over 5% of U.S. households already unbanked or underbanked, experts warn that this could exacerbate financial exclusion, particularly for vulnerable groups such as the elderly and low-income individuals who may lack standard documentation like passports or birth certificates. The proposal, which aligns with the Trump administration's immigration enforcement priorities, has sparked debate among financial experts and policymakers. While supporters argue it could enhance national security and reduce fraud, critics contend that the new rules may drive legitimate banking activity into less regulated sectors, increasing overall risks. Additionally, banks may face rising compliance costs, leading to stricter account requirements and potential closures. The uncertainty surrounding the implementation of these rules raises concerns about their real-world impact on millions of Americans who rely on banking services for daily transactions.