U.S. Treasury Launches Trump Accounts App for Children's Investment Program
On May 28, 2026, the U.S. Treasury launched a mobile app for "Trump Accounts," a government-backed children's investment program under President Trump's One Big Beautiful Bill Act. The app, developed with Robinhood and BNY Mellon, allows families to manage accounts receiving a $1,000 Treasury deposit for children born 2025-2028. Nearly 6 million children have signed up. Contributions up to $5,000 annually are invested in low-cost index funds, with children gaining control at age 18. Billionaires Michael Dell and Ray Dalio pledged additional funds for low-income areas. Critics cite enrollment barriers and restricted access until age 30.
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Trump Accounts Are Seeding Robinhood with Millions of Customers
The Trump Accounts app launched on May 28, 2026, as part of the Administration's initiative to help American children save for the future. The app, powered by Robinhood and built with BNY, allows parents to manage investment accounts for their kids. Under the Big Beautiful Bill signed into law on July 4, 2025, the federal government will seed eligible accounts with $1,000 invested in the stock market. Children born between January 1, 2025 and December 31, 2028 are eligible for the federal money, while any child under 18 can open an account without the seed funding. Parents must download the app and sign IRS Form 4547 to create the account. Funds cannot be withdrawn until the child turns 18. The article highlights Robinhood as a major beneficiary, gaining millions of young customers through the app.
Yahoo FinanceUS Treasury launches Trump Accounts app nationwide for children's investment accounts
The U.S. Department of the Treasury announced on May 28, 2026, the nationwide rollout of the Trump Accounts app, a key initiative under President Trump's One Big Beautiful Bill Act of 2025. The program provides $1,000 in seed money from the Treasury for children born between 2025 and 2028 with valid Social Security numbers. Developed in partnership with Robinhood and BNY, the app allows contributions up to $5,000 annually from parents, employers, or charities, automatically invested in a low-cost index fund. Funds grow tax-deferred, with children gaining control at age 18. Major banks including JPMorgan Chase, Wells Fargo, Bank of America, and Visa have pledged contributions for employees' children. The program officially begins on July 4, 2026, aiming to encourage long-term investing and address affordability concerns ahead of midterm elections.
Yahoo FinanceUS Treasury rolls out Trump Accounts app nationwide
The U.S. Department of the Treasury announced on May 28, 2026, the nationwide launch of the Trump Accounts app, a key initiative under President Donald Trump's One Big Beautiful Bill Act of 2025. The program creates government-backed investment accounts for children, with the Treasury depositing $1,000 in seed money for children born between 2025 and 2028 who have a valid Social Security number. The app was developed in partnership with Robinhood and BNY. Users who signed up began receiving activation emails, and the program officially starts on July 4, 2026. Contributions up to $5,000 annually from parents, family, employers, or charities are automatically invested in a low-cost index fund. Funds grow tax-deferred, and children gain control at age 18. Major U.S. banks including JPMorgan Chase, Wells Fargo, Bank of America, and Visa have pledged contributions to employees' children's accounts. Supporters say the program aims to improve economic mobility and build long-term wealth from birth.
Yahoo FinanceTreasury Debuts App For Billionaire-Backed Trump Accounts
The U.S. Treasury Department launched a mobile app on May 28, 2026, for managing Trump Accounts, a government investment program for children. Developed with Bank of New York Mellon and Robinhood, the app is available on Apple and Google stores. Nearly 6 million children have signed up for the accounts, which were part of President Trump's One Big Beautiful Bill Act. Eligible children (born 2025-2028) receive an initial $1,000 deposit from the Treasury. Billionaires Michael Dell and Ray Dalio have pledged additional funds for children in low-income ZIP codes and Connecticut. The program has faced criticism from experts at NYU's Tax Law Center and Washington University, who argue it may fail to help financially vulnerable children due to enrollment barriers and restricted access to funds until age 30.
Forbes - BusinessTrump Accounts App Launches for Children's Investment Accounts
The Trump Accounts app launched on Thursday, allowing families to manage new 530A investment accounts for children. Developed in partnership with Bank of New York Mellon and Robinhood, the app is available on Apple and Google app stores. Parents must first open accounts via IRS Form 4547 on TrumpAccounts.gov. The Treasury will deposit $1,000 for children born between 2025 and 2028, with deposits starting as early as July 4. Nearly 6 million children have been signed up. Children born before 2025 may qualify for $250 deposits in low-income ZIP codes through a pledge from Michael and Susan Dell. The app requires email and phone verification, with users receiving invites in waves.
US Top News and AnalysisWhat is a Trump Account? How the new savings program for kids works
The article details the Trump Account, a new U.S. government-backed investment savings program for children set to launch in July 2026. Established under a GOP tax law, the program provides a $1,000 government contribution for newborns born between 2025 and 2028. Parents or guardians can open accounts via IRS Form 4547 and contribute up to $5,000 per year per child, with funds invested in low-cost index funds. Accounts are controlled by adults until the child turns 18, at which point the child can withdraw or continue investing. Additional contributions from private donors like Michael Dell and credit card rewards from Visa are also noted.
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