Trump Accounts app launches today. Here's what to know.

TL;DR

The Trump Accounts app allows parents to manage investment accounts for children.
A $1,000 federal contribution will be made to eligible children's accounts starting July 4.
Eligible children must be born between January 1, 2025, and December 31, 2028, and have a Social Security number.
Accounts must be managed by parents or guardians until the child turns 18.
Funds can be withdrawn after age 18 for qualified expenses, with specific withdrawal rules applying before then.
Parents can access the app through the Apple App Store, Google Play, or TrumpAccounts.gov.
The Treasury Department will send emails with activation instructions, and advises caution against potential scams via text or phone.

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