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The Economic Times
The Economic Times
Shreya Biswas

Trump Accounts app for kids goes live: Who qualifies for $1,000 government deposit, how parents can apply, launch date, app features, contributions and withdrawal rules explained

Trump Accounts for kids app explained : Millions of families are already signing up for Trump Accounts as the newly launched mobile app begins rolling out ahead of the program’s official debut later this summer. The app went live on May 28 and is expected to give parents easier access to the government-backed savings accounts created for children.

Trump Accounts are designed to work similarly to IRA accounts for kids. Under the program, the federal government plans to provide a $1,000 seed contribution for eligible children born between 2025 and 2028, as per a report.

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