The U.S. Department of the Treasury said it has launched the Trump Accounts app on major mobile platforms and will begin activating accounts for millions of American families in the weeks leading up to an official program launch on July 4.
Trump accounts are intended to give children hands-on experience with investing, help them build a strong foundation for their financial future, and give them a jumpstart in establishing financial security, as The Dallas Express previously reported. Children born between January 1, 2025, and December 31, 2028, are also eligible for a one-time $1,000 lump sum deposit from the U.S. Treasury as part of a pilot program to seed their Trump accounts.
The new app, available through the Apple App Store and Google Play, will serve as the primary interface for parents and young Americans participating in the program, the Treasury announced.
Treasury Secretary Scott Bessent said the rollout is intended to give families a direct way to engage with the program from the outset.
“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,” Bessent said. “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.”
Parents and legal guardians who previously enrolled their children by submitting IRS Form 4547 will begin receiving activation instructions by email, with messages distributed in phases between now and July 4, according to the Treasury. Account activation can be completed through the app or at TrumpAccounts.gov.
Beginning on July 4, the accounts will be able to accept contributions from parents, family members, employers, and other eligible contributors, subject to annual limits. Eligible children will also begin receiving a $1,000 contribution from the Treasury as part of a pilot program, deposited directly into their accounts on that date.
Treasury said legitimate communications during the initial activation phase will come only by email from [email protected]. The agency said it will not contact families about account activation by text message or phone call, and it urged recipients of such messages to disregard them as likely scams.
Families were advised to access accounts only through the official app or by typing TrumpAccounts.gov directly into a browser. Customer support is offered through secure, in-app or online callback requests, the agency said.
Parents, guardians, and other authorized individuals may elect to open an account at any time during the year before an eligible child turns 18 by submitting IRS Form 4547. There is no cost to open an account, and employers, charitable organizations, and governments may contribute to the accounts, according to the Treasury.
