Parents who signed up for the Trump accounts will soon start receiving email instructions on activating the account, the Treasury Department said.
WASHINGTON — Trump Accounts, the federal program aimed to help children save money before they reach adulthood, launched its mobile app on Thursday.
The Treasury Department announced the Trump Account apps are now available in app stores nationwide, including the Apple App Store and Google Play, ahead of the official accounts’ launch on July 4, 2026. The app will be the primary place where parents can manage their children’s tax-preferred investment accounts.
“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 news release. “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.”
How to activate your child’s Trump Accounts
Activation emails for the accounts will be distributed to those who signed up using the IRS Form 4547 between now and July 4, the official launch date. According to the Treasury Department, millions of families have already signed up.
The activation emails will come from “no-reply@TrumpAccounts.Treasury.gov. The agency urged parents and legal guardians to beware of scams tied to the federal program.
“Treasury will not contact you by text message or phone call about Trump Account activation. If you receive a call or text about a Trump Account, do not respond, it is likely a scam,” the department said in a news release.
How to sign up for the Trump Accounts
Parents must complete IRS Form 4547 to elect to establish an initial Trump Account for eligible children. The form will also allow parents to elect the $1,000 contribution from the U.S. Treasury, if applicable to the child.
After the election is made, the Treasury or its agent will send information to activate the account through an authentication process and complete the opening of the initial Trump account.
No contributions can be made until July 4, 2026, according to the official website.
When will the $1,000 contribution be added?
If applicable to the child, the U.S. Treasury will deposit the $1,000 pilot program contribution into the Trump Accounts on July 4.
Who is eligible for a Trump Account?
The federal government created the new investment accounts for all U.S. citizens and children born in the U.S. between 2025 and 2028, administration officials said on the program’s website. Each account will start with $1,000 from the federal government and will allow families to contribute $5,000 annually and employers to contribute $2,500 per year per employee.
The program got a $6.25 billion boost from billionaires Michael and Susan Dell in December. The Dells’ gift will use the “Trump Accounts” infrastructure to give $250 to each qualified child under 11.
“This is a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation, and they’ll really be getting a big jump on life,” President Donald Trump said in a statement posted on the website.
Who is eligible for the additional $250?
The Dells said they’d put money into the accounts of children 10 and younger who live in ZIP codes with a median family income of $150,000 or less and who won’t get the $1,000 seed money from the Treasury.
Because federal law allows outside donors to target gifts by geography, the Dells said using ZIP codes was “the clearest way to ensure the contribution reaches the greatest number of children who would benefit most.”
IRS Form 4547 can be filed at any time during the year before the child turns 18, according to the Treasury Department.
Can older children get a Trump Account?
The $1,000 federal money deposit into a Trump Account is only available for children born between 2025 and 2028, but other children under the age of 18 can still sign up for an account.
Backers of the accounts say they want to introduce more people to the stock market and give even children born into poverty a chance to benefit from it. Supporters also say the accounts bolster capitalism at a time when openly socialist candidates are growing more popular.
About 58% of U.S. households held stocks or bonds in 2022, according to the U.S. Securities and Exchange Commission, though the wealthiest 1% owned almost half the value of stocks in that same year.
Can I withdraw the money before a child turns 18?
Families cannot withdraw money from a Trump Account before a child turns 18, though there are some exceptions. According to the Trump Accounts page, families can withdraw if there’s a rollover of the entire account to a Trump Account with another brokerage, certain rollovers to an “Achieving a Better Life Experience” account in the year the child turns 17 or if a child dies before they reach 18.
After a child is of age, standard IRA withdrawal rules apply.