WASHINGTON, D.C. — The U.S. Department of the Treasury on Saturday launched the full version of its Trump Accounts mobile application, expanding access to a federally backed savings and investment program aimed at increasing stock ownership among children and allowing families to manage accounts and contributions digitally.
The rollout coincides with the 250th anniversary of the founding of the United States and marks the first nationwide release of the app’s full functionality, including account funding, balance tracking, recurring contributions and bank account linking, according to the Treasury Department.
The program is designed to give children access to long-term investment accounts that can receive contributions from parents, employers, charities and government entities. Treasury said there is no cost to open an account.
Children enrolled in the program will be able to track their investments beginning Monday, July 6, through performance dashboards and account management tools available on mobile devices.
Treasury Secretary Scott Bessent said the accounts are intended to give “every child a stake in the American Dream from day one.” The updated app now includes the ability for families to fund accounts and access educational content, he said.
The launch also adds 15 financial education modules covering topics including saving, investing, compound growth and diversification. Treasury said the lessons are designed to connect financial education with real investment accounts in an effort to encourage long-term participation in capital markets.
The department cited uneven stock ownership in the United States as a rationale for the program, saying many lower-income and younger households have had limited exposure to investing despite rising rates of stock ownership among adults.
Treasury said more than 50 companies have committed to contributing to Trump Accounts for employees’ children. Employer contributions could become a tax-advantaged benefit for businesses seeking to attract and retain workers, according to the department.
Children can receive employer, charitable or government contributions only if they have an account established through the program. Families can enroll and review eligibility requirements and program safeguards through the government’s website at TrumpAccounts.gov.
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