The Treasury Department launched the Trump Accounts app on May 28, delivering on a major policy for American families.
While parents and legal guardians can access and download the app, accounts will be officially activated on July 4. Those who have already signed their children up for a Trump Account will receive emails with instructions on how to set up the account. Emails will be sent out between now and July 4.
“The Trump Administration is taking another step forward in expanding opportunity 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,” Treasury Secretary Scott Bessent said in a statement. “By putting easy access to Trump Accounts directly in the hands of parents and young Americans, we are helping to ensure that America’s youth are included in this new era of economic participation.”
As of Tax Day, more than 5 million children have enrolled in Trump Accounts. All accounts opened for children born between January 1, 2025, and December 31, 2028, will automatically receive a $1,000 seed investment from the Treasury Department. Of the 5 million enrolled, 1.2 million qualify for that seed money.
In August, the White House unveiled its detailed plan for the Trump Accounts as described under the “One Big Beautiful Bill.”
The Council of Economic Advisers (CEA) explained in a report that deposits in the Trump Accounts “must be invested in stock mutual funds or exchange-traded funds mirroring the S&P 500 or another American stock index.” Deposits cannot be withdrawn before the child turns 18. “After that point, the account generally is treated as a traditional IRA (Individual Retirement Account) and generally is subject to the same withdrawal rules as other traditional IRAs.”
