The US Department of the Treasury launched the Trump Accounts app nationwide on May 28, 2026, enabling parents and guardians to open government-backed investment accounts for children. The app is now available on Apple and Google app stores, with official funding and investing starting on July 4, 2026 [1, 2, 3, 4, 5].

The program was created by the 2025 One Big Beautiful Bill Act, a GOP-backed tax and spending law. Treasury Secretary Scott Bessent called the launch "an important milestone towards expanding financial access and delivering parallel prosperity for Main Street, Wall Street and all Americans," adding that the app "will make it easy for millions of Americans to sign up, contribute and watch their investments grow in value" [1].

The Trump Accounts platform was designed in partnership with Robinhood, which will manage investments through Robinhood Securities, and Bank of New York Mellon serves as custodian bank. Funds are automatically invested in low-cost, diversified US stock index funds or ETFs [1, 6, 3, 4, 5, 7].

Parents and legal guardians can open accounts now by submitting IRS Form 4547, but actual funding and investing will begin July 4. On that date, the Treasury will seed each eligible child’s account with $1,000. The initial deposit applies to children born between 2025 and 2028 with a valid Social Security number [1, 2, 3, 4, 8, 5].

Nearly 6 million children have already been signed up as of May 28. Additional contributions can be made by parents or guardians up to $5,000 annually. Some employers and philanthropists have pledged further funds. Billionaires Michael and Susan Dell have pledged $6.25 billion to support the program. Children 10 or under in lower-income zip codes who were born before 2025 may receive $250 from billionaire contributions. Major banks including JPMorgan Chase, Wells Fargo, Bank of America, and Visa have pledged contributions to employee children’s accounts [1, 3, 4, 8, 5, 7].

Accounts are tax deferred, with funds locked until age 18. Withdrawals after 18 are subject to tax and possible penalties if not used for qualified expenses. Ray Boshara from the Aspen Institute Financial Security Program said research shows having a child savings account "can have benefits beyond just the money itself" [8, 9, 10].

The rollout aims to address affordability concerns ahead of the November 2026 midterm elections [1, 4]. The first official government deposits and contribution permissions begin July 4, 2026 [1, 2, 8].