- Robinhood has launched the Trump Account app on iOS, Android, and trumpaccount.com.
- Youngsters born between 2025 and 2028 will obtain their first $1,000 contribution from the Treasury Division.
- Household, buddies, and employers can now collectively contribute as much as $5,000 per 12 months.
Robinhood has formally launched its Trump Account app, opening entry to all eligible U.S. households forward of this system’s official launch on July 4, 2026. The app is at the moment obtainable on iOS, Android, and thru trumpaccount.com.
What your account affords
The Trump Account is a tax-advantaged funding account designed to offer youngsters a monetary head begin. U.S. youngsters underneath the age of 18 with a sound Social Safety quantity are eligible to open a Social Safety quantity. Youngsters born between 2025 and 2028 are eligible for the primary $1,000 contribution, which is funded immediately by the U.S. Treasury.
Past your preliminary deposit, household, buddies, and employers can collectively contribute as much as $5,000 per 12 months to every account. Contributions are robotically invested in a default low-cost index fund constructed for long-term progress, and account holders can monitor contributions, efficiency, and anticipated progress immediately by the app.
As soon as the kid turns 18, she or he positive aspects management of the account and may select to withdraw funds or proceed investing them, topic to guidelines much like these governing conventional IRAs.
get began
Households should file IRS Kind 4547 except it has already been accomplished once they file their taxes. This manner is out there on the IRS web site. After downloading and registering for the app, customers will obtain a notification when their Trump Account opening election is processed. As soon as authorised, you possibly can activate your account by the app and donations will start on July 4, 2026.
The primary wave of activation emails might be despatched from (electronic mail protected) and extra invites will proceed to be rolled out over the approaching weeks to everybody who has submitted the required type.
Who’s operating it?
This system, formally often called 530A accounts, was approved underneath the “Large and Lovely” Act of 2025, which President Trump signed into regulation. Robinhood Securities acts because the preliminary trustee on behalf of the U.S. Treasury and holds and manages the account belongings in a fiduciary capability. BNY Mellon has been appointed because the designated monetary agent for this program.
Robinhood Monetary LLC and Robinhood Securities LLC are each registered broker-dealers and members of SIPC and supply brokerage and clearing companies. Each corporations are subsidiaries of Robinhood Markets, Inc., which is listed on the Nasdaq underneath the ticker HOOD.
The corporate emphasizes that each one investments contain threat and that the hypothetical progress projections proven in promotional supplies are illustrative solely, primarily based on assumptions resembling biweekly contributions of $50 for 13 years at 7% annual curiosity, and don’t take into consideration inflation, taxes, charges or real-world market modifications.
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