President Donald Trump’s Trump Accounts, which offer $1,000 in seed money to every child born during his second term, have been available since July 4. However, some parents are still waiting for the money to arrive. The accounts are part of the One Big Beautiful Bill and are designed to give every parent the chance to invest in their children’s future.

Delays in Funding

For babies born since Trump took office last year, $1,000 from the U.S. Treasury is supposed to kick off the accounts. While some parents report receiving the money, others said in interviews and on social media they’re still waiting for the accounts to receive $1,000. Masaki and Kristina McLellan, new parents from Bergen County, New Jersey, said they applied for the account on July 6 but were initially rejected. After spending an hour on the Trump Account hotline, the account was activated, but they were told it would take up to four weeks to receive the funding.

The Treasury Department said the lag between opening an account and receiving the seed funding constitutes ‘standard processing time, like receiving a tax refund.’ The department likes to give parents a conservative estimate for how long it might take for the money to be transferred.

Program Details

The tax-advantaged accounts can be opened for any child under the age of 18. The Treasury Department boasts 6.5 million sign-ups for Trump Accounts, with 1.5 million of those eligible for the $1,000 seed funding for babies born from 2025 through 2028. After the Trump Accounts are set up, parents, relatives, friends, and employers can contribute to them. The money is turned over to private firms that invest it in index funds, a type of mutual fund that tracks the performance of the stock market.

Original reporting: Dallas TX News (HLL/CB) — read the source article.