The U.S. Treasury has officially launched the highly anticipated Trump Accounts app nationwide to help American families build wealth.
Breitbart reported what Treasury Secretary Scott Bessent posted in a video on the social media platform X. Bessent had said, “This groundbreaking new app will make it easy for millions of Americans to sign up, contribute and watch their investments grow in value.”
He also added, “This launch marks an important milestone towards expanding financial access and delivering parallel prosperity for Main Street, Wall Street, and all Americans.”
The Trump Accounts app will serve as the main interface for the historic policy and will be available on all major mobile app stores. The program will encourage long-term investing from an early age through government-backed starter accounts. According to Reuters, the program will see the U.S. Treasury deposit $1,000 in seed money for children born between 2025 and 2028 with a valid Social Security number. Major banks like JPMorgan Chase, Wells Fargo, and Bank of America have pledged contributions to the accounts of their U.S. employees’ children.
In a press release, Bessent shared, “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 described the program as “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.”
Starting today, parents who signed up for the accounts began receiving emails notifying them to activate and download the app. Starting on the official launch day, July 4, the Trump Accounts app will accept contributions from parents, family members, employers, and other eligible contributors, subject to annual limits.
According to the U.S. Department of the Treasury, accounts can be opened for eligible children at any age before they turn 18. There is no cost to open an account, although additional deposits of up to $5,000 per year are encouraged.
