The U.S. Department of the Treasury has introduced the Trump Accounts app on major mobile platforms, with plans to activate accounts for millions of American families ahead of the official program launch on July 4. This initiative is designed to provide children with hands-on investment experience, helping them build a strong financial foundation and secure their future.
Program Details and Eligibility
Children born between January 1, 2025, and December 31, 2028, are eligible for a one-time $1,000 deposit from the U.S. Treasury as part of a pilot program to seed their Trump accounts. The app, available on the Apple App Store and Google Play, will serve as the primary interface for parents and young participants.
Treasury Secretary Scott Bessent emphasized the program’s goal of expanding opportunities for American families. “The Trump Accounts app delivers a simple, secure way for households to begin engaging with a program designed to build long-term financial strength from day one,” Bessent stated. The app aims to include America’s youth in a new era of economic participation.
Activation and Contributions
Parents and legal guardians who enrolled their children by submitting IRS Form 4547 will receive activation instructions via email, distributed in phases until July 4. Account activation can be completed through the app or at TrumpAccounts.gov. Starting July 4, the accounts will accept contributions from parents, family members, employers, and other eligible contributors, subject to annual limits.
The Treasury advises families to access accounts only through the official app or by typing TrumpAccounts.gov directly into a browser. Legitimate communications during the activation phase will come only by email from [email protected], and families are urged to disregard any text messages or phone calls as potential scams.
Opening and Managing Accounts
Parents, guardians, and other authorized individuals can open an account at any time before an eligible child turns 18 by submitting IRS Form 4547. There is no cost to open an account, and contributions can be made by employers, charitable organizations, and governments. Customer support is available through secure in-app or online callback requests.
Original reporting: The Dallas Express — read the source article.
