The official app for Trump Accounts, a new U.S. federal program offering tax-advantaged investment (530A) accounts for American children, is set to launch on Thursday on Apple’s App Store, according to the U.S. Treasury Department.
Trump Accounts were created by the One Big Beautiful Bill Act (OBBBA) of 2025. U.S. President Trump signed it into law on July 4, 2025.
Built by Bank of New York Mellon in partnership with Robinhood, the app will be available in the Apple App Store and Google Play Store. It supports iPhone and iPad on iOS, as well as Android devices. No dedicated Mac app is mentioned, though users may access related tools via web on macOS. Families who have already enrolled can begin activating accounts right away, while new enrollments are handled at TrumpAccounts.gov.
Actual funding and contributions won’t start until July 4, 2026 (when accounts officially open and eligible children begin receiving their $1,000 federal seed money), but the app will provide access to financial literacy resources in the meantime.
What Are Trump Accounts?
• Tax-advantaged investment accounts for kids: Similar to a custodial traditional IRA, owned by the child but managed by a parent/guardian until age 18.
• Grow tax-deferred: Investments (often in low-cost index funds like S&P 500) can compound over decades with taxes deferred until withdrawal (typically in retirement).
• Government seed money: Eligible children are those born between January 1, 2025 and December 31, 2028 who are U.S. citizens with a Social Security number receive $1,000 from the federal government.
• Additional contributions: Parents, family, friends, employers, philanthropists, or states can add up to $5,000 per year per child. No contributions are required.
• One per child: Only one Trump Account allowed per eligible child.
• Long-term focus: Funds are restricted until the child approaches adulthood (treated like a traditional IRA after age 18), encouraging saving for education, homeownership, or retirement.
Who Can Get a Trump Account?
• Any child under age 18 with a valid Social Security number is eligible to have one opened.
• $1,000 federal seed is limited to U.S. citizen children born 2025–2028 with a SSN.
• Parents, legal guardians, or certain family members (in priority order: parents/guardians, adult siblings, grandparents) can open and manage the account.
• Enrollment is done via IRS Form 4547 (when filing taxes) or online at TrumpAccounts.gov.
MacDailyNews Take: This is a very important program that will give millions of American children a head start on building real wealth through investing. With the Trump Accounts app launching this week, families can soon monitor growth, learn about investing, and prepare for contributions starting Independence Day 2026.
Every parent, especially those with children born between January 1, 2025 and December 31, 2028 who are U.S. citizens with a Social Security number, should enroll via the official site: TrumpAccounts.gov.
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