economy
Trump Accounts app launches today. Here's what to know.
Updated on: May 28, 2026 / 5:55 PM EDT / CBS News
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- Funds can be withdrawn after age 18 for qualified expenses, with specific withdrawal rules applying before then.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.