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Trump Accounts Program For Children Moves Forward With New Mobile App Launch


 

WASHINGTON—The Treasury Department on Thursday announced the launch of the new Trump Accounts mobile app, marking the next phase of the Administration’s rollout of its new federally backed investment savings program for children ahead of the program’s official July 4 launch date.

trump

Donald Trump

The app, now available through major mobile app stores, will serve as the primary platform for families to manage and activate Trump Accounts.

Treasury Secretary Scott Bessent said the app is intended to give parents and guardians a “simple, secure way” to participate in the program, which was created under the 2025 Republican tax-and-spending package. Families that already submitted IRS Form 4547 to enroll children in the program will begin receiving phased activation emails between now and July 4, according to Treasury.

Under the program, eligible children born between Jan. 1, 2025, and Dec. 31, 2028, can receive a one-time $1,000 federal seed contribution into a tax-deferred investment account. Parents, relatives, employers and other contributors may add up to $5,000 annually, with investments initially directed into low-cost index funds. Treasury and IRS guidance previously said contributions cannot begin until July 4, 2026.

The rollout comes as Treasury and IRS continue issuing guidance tied to the accounts, including rules governing trustees, contribution limits and enrollment procedures. Treasury has described the initiative as part of a broader push to expand household investing and long-term savings participation among younger Americans. Media reports have also noted partnerships involving firms such as Bank of New York Mellon and Robinhood to support the platform’s launch and account infrastructure. 

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