Trump Accounts, the government-sponsored savings account for children, are now accessible with a new app that makes working with the IRA-like accounts even easier. Available for download on all mobile app stores, the Trump Account app works in conjunction with the original TrumpAccount.gov website.
Here’s what happens next if you’ve already signed up, some tips on avoiding scams, and how to sign up for a Trump Account if you haven’t already.
Read more: These are all the companies pledging matching funds to Trump Accounts
What happens next if you’ve already enrolled in a Trump Account
If you’ve already signed up your child for a Trump Account, activation will begin on July 4. Here’s what happens next:
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Before that date, you will receive an email with details on how to complete the account setup.
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The emails will come from no-reply@trumpaccounts.treasury.gov. Be sure to note the official address in the email to avoid any impostors (see below).
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Follow the instructions in the email to complete the activation process.
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Starting July 4, eligible accounts will receive the $1,000 government contribution.
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Account contributions will be accepted beginning July 4. Those contributions can be made by parents, family members, employers, and other eligible donors, subject to the annual contribution limits.
Read more: Trump Accounts vs. IRAs and 529s: How do they stack up?
How to avoid imposter scams
No doubt, scammers are looking to defraud Trump Account participants. The U.S. Department of the Treasury reminds enrollees to be aware that:
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Official emails will only come from no-reply@trumpaccounts.treasury.gov.
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The Treasury will not contact you about Trump Accounts by mail, text messaging, or by phone.
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Always access your account using the official Trump Account app or by visiting TrumpAccounts.gov directly.
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Customer support is available, but only through secure in-app messaging or by requesting a callback online. Don’t use Trump Account contact information found through an internet search.
How to sign up for a Trump Account
Trump Accounts were established under the One Big Beautiful Bill Act as tax-deferred individual retirement accounts for children under 18. The biggest draw is that enrollees born between 2025 and 2028 receive a one-time government grant of $1,000. Some companies are matching that amount for their employee’s children.
Deposits to a child’s account may be up to $5,000 annually, and as the parent, you are the sole custodian of the account until they turn 18.
Treasury Secretary Scott Bessent has said that with just the initial $1,000 government grant, and assuming “historical growth rates continue,” a Trump Account could grow to “at least half a million dollars by the age of retirement.”
According to the U.S. Treasury Department, all funds in a Trump Account will be automatically invested in the State Street SPDR Portfolio S&P 500 ETF (SPYM), which tracks the performance of the S&P 500 index.
Read more: Here’s how Trump Accounts work
If you haven’t signed up yet, you can do so at TrumpAccounts. gov.
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