Trump Accounts App Launches Nationwide (June 2026): Who's Eligible & How to Sign Up

The Trump Accounts app is now available across the United States.

This new app lets parents open and manage investment accounts for their children.

The program highlights how a $1,000 federal starter deposit could grow into a larger amount over time through compound growth.

The Treasury Department announced the launch on Thursday.

The app works on both iPhone (iOS) and Android phones. It will be the main way people access the new savings program.

What Are Trump Accounts?

Trump Accounts were created through the Working Families Tax Cuts law. They are special investment accounts for children under 18 who have a valid Social Security number.

Simple Explanation: Think of Trump Accounts as a long-term savings account for your child. The government gives eligible newborns $1,000 to start. You can add more money over the years. The money grows through investments, and your child can use it when they turn 18.

Learn more about Social Security numbers at ssa.gov.

 

Who Can Get the $1,000 Federal Starter Deposit?

Your child must:

What parents must do:

• Fill out IRS Form 4547 to open the account

• Choose (elect) to receive the $1,000 starter payment

  Important: The $1,000 does not come automatically. You must file IRS Form 4547 to get it.

Read about tax forms at IRS.gov.

 

How to Sign Up (Step-by-Step)

Step 1: Download the App

• Get the Trump Accounts app from the App Store (iPhone) or Google Play Store (Android)

• The app was built by the Treasury Department with help from BNY and Robinhood

• Robinhood will manage the investments for the accounts

Step 2: Open Your Account

• Use the app to fill out IRS Form 4547

• Enter your child's Social Security number and birth date

• Choose to receive the $1,000 federal starter deposit

Step 3: Wait for the Program to Start

• The program officially opens for contributions on July 4, 2026

• Your $1,000 will be deposited after your account is approved

Step 4: Add More Money (Optional)

Parents, relatives, employers, and others can add money to the account:

How Could $1,000 Grow Over Time?

The main benefit of Trump Accounts is compound growth. This means your money earns returns, and those returns earn more returns over time.

Example: If $1,000 Grows at 10% Per Year

This is before taxes, fees, or penalties. It is not guaranteed.

Important: The stock market goes up and down. Your child's actual balance depends on:

• How well investments perform

• Fees charged by the account

• How much money you add

• When you withdraw money

Learn about investing basics at Investor.gov.

 

What Can You Invest In?

Trump Accounts can only invest in approved options, which include:

• Low-cost funds that invest in U.S. companies

• Diversified portfolios (similar to index funds)

You cannot invest in just any stock or cryptocurrency. The options are limited to keep things simple and safer.

When Can You Withdraw Money?

After age 18, Trump Accounts follow rules similar to traditional retirement accounts (IRAs).

Read about IRA rules at IRS.gov/Retirement.

Trump Accounts vs. Other Savings Options

Here's how Trump Accounts compare to other ways to save for your child:

• Learn about 529 plans at Investor.gov/529.
• Learn about Roth IRAs at IRS.gov/Roth-IRA.

What Parents Should Know Before Signing Up

Trump Accounts might be right for you if:

• You want a simple way to start investing for your child

• Your child qualifies for the $1,000 free deposit

• You're thinking 18+ years ahead (long-term)

Keep in Mind:

• Trump Accounts are not the only option—529 plans might be better if you're saving specifically for college

• The market can go down—your child's balance depends on how investments perform

• Money is locked until age 18—you cannot withdraw it early

• After age 18, there are tax rules you need to follow

Final Thoughts

If your child qualifies, the $1,000 federal deposit is just the starting point.

The real question is whether time, regular contributions, and careful investing can turn it into something meaningful.

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