US Treasury Launches Trump Accounts App
The US Department of the Treasury this week announced the launch of the Trump Accounts app on app stores across America. The app serves as the main interface for these accounts and is available on all major mobile app stores. Treasury Secretary Scott Bessent stated, "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." He added, "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."
Next Phase and Activation
The next phase of the Trump Accounts program includes account activation for millions of American families ahead of the official launch on July 4, 2026. Parents and legal guardians who have signed up their children by submitting IRS Form 4547 will begin receiving emails with instructions to complete the account setup process. Activation emails will be sent in phases between now and July 4, 2026. Contributions to the investment accounts, signed into law on July 4, 2025, as part of President Donald Trump's massive spending bill, can be made starting this year's American Independence Day. Children born between January 1, 2025, and December 31, 2028, will receive $1,000 in seed money from the federal government.
Dell's Historic Commitment
Late last year, President Donald Trump joined top lawmakers and philanthropists Michael and Susan Dell at the White House to celebrate a historic $6.25 billion charitable commitment from the Dells for Trump Accounts. This gift is one of the largest direct investments ever made in American families.
How Trump Accounts Work
Trump accounts function similarly to retirement accounts. Children cannot withdraw before age 18. Withdrawals incur a penalty unless used for qualifying reasons such as higher education expenses or purchasing a first home. The accounts are managed by the Treasury Department's designated financial agent, but parents can transfer accounts to their own brokerage at a later date. Money is invested in stock market indexes like the S&P 500.
What Parents Who Have Signed Up Need to Know
Parents who have signed up should look for an email confirming that their election to open their child's Trump Account was processed, prompting them to complete account activation. During the initial rollout, activation emails come only from no-reply@TrumpAccounts.Treasury.gov. Follow instructions in the email to set up the account via the Trump Accounts app (available on Apple App Store and Google Play) or by visiting TrumpAccounts.gov. Beginning July 4, 2026, the account can accept contributions from parents, family members, employers, and other eligible contributors, subject to annual limits. Also starting July 4, 2026, eligible children will receive the $1,000 pilot program contribution from the U.S. Department of the Treasury deposited directly to their Trump Account.
What Parents Who Have Not Signed Up Need to Do
Parents, guardians, and other authorized individuals can open an account at any time by submitting IRS Form 4547, Trump Account Election(s), including enrollment in the pilot program. You can open a Trump Account for an eligible child at any time before the child turns 18. Visit TrumpAccounts.gov for the latest information. There is no cost to open an account. Employers, charitable organizations, and governments can contribute free money to Trump Accounts, and your child can only receive those contributions if you open an account.
