President Donald Trump onstage at the Treasury Department’s Trump Accounts Summit, in Washington, Jan. 28, 2026.<\/p>\n
Kevin Lamarque | Reuters<\/p>\n
Families can now download the Trump Accounts\u00a0app<\/a> \u2014 a key next step in the launch of the investing accounts for children that could include seed money of up to $1,000<\/a>. \u00a0<\/p>\n The app’s debut on Thursday comes a little more than a month out from the July 4 official\u00a0launch of the new\u00a0tax-deferred<\/a>\u00a0accounts. The initial deposit from the U.S. Department of the Treasury could arrive “as early as July 4,” according to an image of the app that the agency shared with CNBC.<\/p>\n The Trump Accounts app, which is now available in Apple and Google app stores, was designed in partnership with Bank of New York Mellon<\/a>\u00a0and Robinhood<\/a>, a Treasury spokeswoman said. <\/p>\n “This groundbreaking new app will make it easy for millions of Americans to sign up, contribute and watch their investments grow in value,” Treasury Secretary Scott Bessent said in a video posted on X<\/a> Thursday.<\/p>\n Families have signed up nearly 6 million children for\u00a0Trump Accounts<\/a>, according to the Treasury’s latest tally.<\/p>\n How to use the Trump Account app<\/p>\n While Trump Accounts \u2014 also known as 530A accounts \u2014 cannot be funded until July, parents or guardians can open accounts<\/a> now by filling out IRS Form 4547 on TrumpAccounts.gov<\/a>. <\/p>\n Zoom In IconArrows pointing outwards<\/p>\n The Trump Accounts app. <\/p>\n Courtesy: U.S. Treasury<\/p>\n The initial app sign-up process requires entering the email address you used for your account application and verifying it with a code sent to that account. You’ll add a phone number and undergo verification for that, too. You’ll also create a password, and can opt in for push notifications. From there, parents and guardians will receive an email sometime before July 4 with instructions to complete the account setup process. <\/p>\n After undergoing the initial steps in the live app on Thursday morning, a CNBC reporter encountered a screen titled “Stay tuned for an invite.”<\/p>\n “We’re rolling out Trump accounts in waves,” the text read. “In the next few weeks, we’ll send you an invite from no-reply@trumpaccounts.treasury.gov to activate your child’s account. You can also turn on push notifications to get notified about account updates. Be sure to complete IRS Form 4547 if you haven’t already.”<\/p>\n For that activation, you’ll need to verify your identity by providing details such as dates of birth and Social Security numbers. You’ll take the same steps for the account beneficiary.<\/p>\n All communication will come via email from no-reply@trumpaccounts.treasury.gov, the Treasury said in a press release announcing the app’s launch: “If you receive a call or text about a Trump Account, do not respond, it is likely a scam.”<\/p>\n The live app’s look and experience is a departure from an early mockup<\/a> of the interface on TrumpAccounts.gov, which tracked gains of individual stocks like Nvidia. That interface was still on the site as of Thursday morning. <\/p>\n An early mockup of Trump Accounts seen on a cellphone, captured in February 2026 on TrumpAccounts.gov.<\/p>\n Courtesy of Trump Accounts<\/p>\n Who is eligible for free money<\/p>\n Trump Accounts are available to all U.S. children with a Social Security number, and babies born between 2025 and 2028 are eligible for the initial deposit from the Treasury.<\/p>\n A growing number of companies have\u00a0pledged to match<\/a>\u00a0the accounts’ $1,000 Treasury deposit, and\u00a0philanthropists in multiple states<\/a>\u00a0have committed to seed the accounts for qualifying families.<\/p>\n Children 10 or under and born before Jan. 1, 2025 \u2014 who wouldn’t qualify for the $1,000 contribution \u2014 could get $250<\/a> if they live in a ZIP code where the median income is $150,000 or less, courtesy of a $6.25 billion<\/a> pledge from tech CEO Michael Dell<\/a> and his wife, Susan.\u00a0<\/p>\n Zoom In IconArrows pointing outwards<\/p>\n The Trump Accounts app. <\/p>\n Courtesy: U.S. Treasury<\/p>\n Starting on July 4, parents, guardians, grandparents and others will be able to contribute up to $5,000 a year in after-tax dollars up until the year before the beneficiary turns 18. Contributions can be preset through the app, according to another image of the interface shared with CNBC.<\/p>\n Employers can also contribute up to $2,500 per worker<\/a>, per year, which is part of the $5,000 limit and won’t count as taxable income, according to the IRS. Additionally, qualifying charitable organizations and state and local governments may make contributions that do not count toward the $5,000 limit.<\/p>\n Treasury guidance says Trump accounts will be invested in “broad U.S. equity index funds,” such as mutual or\u00a0exchange-traded funds<\/a>.<\/p>\n \u2014 CNBC’s Kelli Grant contributed reporting.<\/p>\n