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International Business Times UK
International Business Times UK
Business
Akshay Puri

60 Million US Children Get Trump Accounts: What Parents Must Do to Claim the Money

The Trump account may offer long-term benefits, but families should understand contribution limits, withdrawal rules, and impacts on future circumstances. (Credit: X/ The Treasury Department)

More than 60 million US children have been automatically enrolled in Trump Accounts, but parents and authorised adults must take action before they can manage the accounts or allow others to contribute.

The Treasury Department says parents must verify their identity, confirm their relationship to the child, review the child's information, and accept the account terms through the official Trump Accounts app.

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