The U.S. Department of the Treasury officially launches the “Trump Accounts” official app for the “Trump Accounts” program: fully launched on 7/4, encouraging everyone to start stock trading from a young age

U.S. Treasury Secretary Scott Bessent announced today (28th) the official launch of the "Trump Accounts" official app. This welfare policy, originating from a new law in 2025, will provide free $1,000 "seed funds" to American children born between 2025 and 2028, directly invested in U.S. stock index funds. The Treasury Department has partnered with well-known broker Robinhood and New York Mellon Bank to develop a dedicated app, aiming for a full rollout on July 4th, Independence Day, to allow ordinary families' next generations to participate in the financial markets from a young age without pain.
(Background recap: Trump stock trading details exposed! Q1 bought 3,642 orders, spent money on Nvidia Dell, and publicly announced buy-ins)
(Additional background: Trump once again makes big promises: new Federal Reserve Chair Powell can stimulate 15% U.S. economic growth)

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• Partnering with Robinhood and New York Mellon Bank to lower financial barriers
• What are Trump Accounts? The government gives away $1,000 in seed funds for free
• Turning 18 into a traditional IRA, laying the foundation for generational wealth

To realize the "American Dream" and promote financial literacy for every ordinary family, the U.S. government has launched an unprecedented national-level children’s financial management policy.

U.S. Treasury Secretary Scott Bessent (@SecScottBessent) announced today (May 28, 2026) on social media that the official dedicated application @TrumpAccounts has been launched on major app stores, with a full rollout scheduled for July 4th of this year (America’s 250th Independence Day).

For too long, financial markets felt out of reach for too many. We are proud to launch the @TrumpAccounts app, a historic tool that brings the President’s vision directly to the kitchen table.

This app ensures that every American family has a direct and easy way to be involved…

— Treasury Secretary Scott Bessent (@SecScottBessent) May 28, 2026

Partnering with Robinhood and New York Mellon Bank to lower financial barriers

Bessent emphasized in his post: "For too long, financial markets have been out of reach for too many." This historic app will bring President Trump’s vision directly to every household’s dinner table, ensuring that the American public has the most direct and simple way to participate in this historic initiative.

It’s worth noting that this national-level financial infrastructure involves top technology and financial giants. The Treasury Department specifically thanked the development team ndstudio, traditional financial custodian giant New York Mellon Bank (BNY Global), and the popular zero-commission broker Robinhood for their technical contributions to this project.

What are Trump Accounts? The government gives away $1,000 in seed funds for free

"Trump Accounts" (Trump Accounts) are a new type of tax-advantaged children’s investment account (also called 530A accounts) created by the U.S. in the 2025 "One Big Beautiful Bill Act" (OBBBA). Its operation logic is similar to a children’s version of a traditional individual retirement account (IRA), designed to let the next generation enjoy compound interest effects and learn financial literacy from a young age.

This account has several highly attractive core features:

• Government provides free user funds: As part of a pilot program, any U.S. child born between January 1, 2025, and December 31, 2028, will automatically receive $1,000 in seed money from the U.S. Treasury, directly invested in low-cost U.S. stock index funds (ETFs).
• High contribution limits with no income restrictions: Parents, grandparents, or friends can contribute up to $5,000 annually. Children do not need any income to qualify, and there are no household income limits.
• Tax advantages: Funds within the account enjoy tax-deferred growth, and investment gains are completely tax-free during the growth period.

Turning 18 into a traditional IRA, laying the foundation for generational wealth

To ensure that the funds are truly used for long-term wealth accumulation, Trump Accounts stipulate that funds cannot usually be withdrawn before the child turns 18 (except in special emergencies), with parents or guardians acting as custodians.

When the child reaches adulthood, the account will automatically convert into a standard traditional IRA, at which point the long-term growth funds can be used for retirement planning, education expenses, first-time home purchases, or startup capital.

By combining "government seed funds + family voluntary contributions + long-term U.S. stock investments," the U.S. Treasury aims to establish a solid wealth starting point for every American child. Eligible parents can already open accounts early via the newly launched app or official channels, preparing for the full launch in July.