New Trump Accounts App Launches for Children's Investment Savings

The newly launched Trump Accounts app aims to assist children in building investment funds with a $1,000 government contribution. Parents can manage these tax-advantaged accounts, with eligibility for children born between 2025 and 2028. The app is designed to promote long-term financial stability, allowing families to engage in saving and investing from an early age. With a straightforward sign-up process and clear guidelines on contributions and withdrawals, this initiative seeks to empower young Americans financially. Learn more about how to enroll and the benefits of this program.

By Narendra Chaudhary May 31, 2026, 22:46 IST

Introduction to the Trump Accounts App

The Trump Accounts app has been introduced as part of a federal initiative aimed at assisting children in establishing investment funds prior to reaching adulthood. This app, which became available on Thursday, enables parents and guardians to oversee tax-advantaged investment accounts for eligible minors. Starting July 4, the U.S. government will contribute $1,000 to qualifying accounts, with these funds being invested in the stock market. Additionally, account holders will have the opportunity to start making their own contributions from that date onward. Treasury Secretary Scott Bessent emphasized that the Trump Accounts app provides a straightforward and secure method for families to engage with a program focused on fostering long-term financial stability from an early age.

The Treasury Department has indicated that parents who enroll their children in this program will receive email guidance on how to activate and utilize the Trump Accounts app. The application can be downloaded from the Apple App Store, Google Play, and the official Trump Accounts website. Activation emails will be distributed in phases leading up to July 4. Officials have also cautioned families to be vigilant against scams, stating, "Treasury will not reach out via text or phone regarding Trump Account activation." They advised that any unsolicited calls or texts about Trump Accounts should be disregarded as potential scams.

Eligibility Criteria for Trump Accounts

Who Can Open a Trump Account?

Children born between January 1, 2025, and December 31, 2028, are eligible for the government's $1,000 contribution. Families with children under 18 can also create Trump Accounts, although these children will not qualify for the federal payment. To be eligible, children must possess a valid Social Security number. The accounts must be set up and managed by a parent or legal guardian until the child turns 18. Once they reach adulthood, account holders can utilize the funds for specific approved purposes, such as educational expenses, home purchases, or starting a business. Contributions can also be made by parents, employers, charities, and other sources. Treasury Secretary Scott Bessent has referred to this initiative as a potential "rainy day fund" for young Americans. Besides the initial government contribution, annual deposits are typically capped at $5,000 per child, with some exceptions.

How to Enroll in the Program

Steps to Sign Up

According to the Treasury Department, millions of Americans have already signed up for the program. To establish an account, parents or guardians need to log into their IRS account and fill out Form 4547, which is specifically designed for creating a Trump Account. Opening an account incurs no fees.

Withdrawal Policies for Trump Accounts

Can Funds Be Withdrawn Before Age 18?

Generally, withdrawals are not allowed until the account holder turns 18. However, the Treasury Department has outlined a few exceptions:

Complete rollover of the account to another Trump Account brokerage provider

Specific rollovers to an Achieving a Better Life Experience (ABLE) account during the year the child turns 17

Distribution of funds in the event of the account holder's death

After reaching 18, withdrawals will follow the standard regulations applicable to Individual Retirement Accounts (IRAs).