Trump Accounts app goes live for child savings accounts

May 28 (UPI) -- The U.S. Department of the Treasury announced the launch of the Trump Accounts app Thursday, setting up an interface for the new child savings accounts.

The Trump Accounts app will be the main way that parents and legal guardians interact with the 530A accounts, the department said. They will first be able to start funding the accounts on July 4.

"The Trump Administration is taking another step forward in expanding opportunity for American families," Scott Bessent, Treasury secretary, said in a statement. "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."

Sign ups for Trump Accounts have already opened. Those who have signed up will receive emails confirming that they have opted into the program to complete their activation beginning on Thursday.

Trump Accounts are open to any children under 18 with a Social Security number. Children born between 2025 and 2028 are eligible to receive $1,000 from the Treasury Department.

Some companies have pledged to match the $1,000 deposits from the Treasury Department, including SoFi, BlackRock, Robinhood and Charles Schwab.

The app is available in the Apple and Google app stores. Bank of New York Mellon and Robinhood partnered in designing the app.

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This story was originally published May 28, 2026 at 10:40 AM.