For several months, the Trump administration has been encouraging American families to establish new investment accounts for their children, and the Trump Accounts app is now officially available for download.
On Thursday, May 29, the U.S. Department of the Treasury announced the launch of the Trump Accounts app. This app, developed in collaboration with BNY and Robinhood, is currently available in app stores nationwide.
President Donald Trump established tax-deferred savings accounts for children under the age of 18 through the One Big Beautiful Bill Act (OBBBA), which was passed by Congress last summer. Certain eligible children are expected to receive initial funding of up to $1,000.
Trump Accounts have been promoted as a way for families to provide their children with a financial advantage and observe the growth of their savings over time. Families can now accomplish this directly from their smartphones using the dedicated app.
The announcement comes in advance of the official launch of Trump Accounts on July 4, 2026 — coinciding with the 250th anniversary of American independence. Additionally, the Treasury will be making a $1,000 contribution to the Trump Accounts of newborns born in the U.S. between January 1, 2025, and December 31, 2028, who possess Social Security numbers.
These $1,000 deposits could potentially be included in Trump Accounts 'as early as July 4,' based on visuals from the app displayed on the Trump Accounts website.
Any child in the United States under 18 years of age who possesses a Social Security number is eligible to establish a Trump Account. Infants born between 2025 and 2028 are entitled to a complimentary initial deposit of $1,000 from the Treasury.
Parents and other contributors are allowed to make an annual after-tax contribution of up to $5,000 for each child until they reach the age of 18, with withdrawals from these contributions remaining tax-exempt. However, any earnings accrued from these contributions will be subject to taxation at the time of withdrawal.
