Trump Account App Released — Here’s How to Get Started

Families can now download the Trump Account app. This is an important next step in opening an investment account for children, which can include up to $1,000 in seed money.

The app’s debut on Thursday comes a little more than a month after the official July 4 launch of the new tax-deferred account. The first deposits from the U.S. Treasury Department could arrive “as early as July 4,” according to an image of the app shared with CNBC.

The Trump Account app, currently available in the Apple and Google app stores, was designed in partnership with Bank of New York Mellon. robin hoodsaid a Treasury spokesperson.

“This groundbreaking new app will make it easy for millions of Americans to register, donate, and watch their investments grow in value,” Treasury Secretary Scott Bessent said in a video posted Thursday.

Families have registered nearly 6 million children with Trump accounts, according to the Treasury Department’s latest tally.

Trump accounts, also known as 530A accounts, cannot be funded until July, but parents or guardians can open an account now by filling out IRS Form 4547 at TrumpAccounts.gov.

The initial app sign-up process requires you to enter the email address you used for your account application and authenticate with a code sent to your account. Add your phone number and also get verified for it. You can also create a password and opt in to push notifications. From there, parents will receive an email with instructions to complete the account setup process by July 4th.

After taking the first steps in the Live app Thursday morning, a CNBC reporter encountered a screen titled “Please wait for your invitation.”

“We are rolling out Mr. Trump’s account in stages,” the text said. “In the coming weeks, you will receive an invitation to activate your child’s account from no-reply@trumpaccounts.treasury.gov. You can also turn on push notifications to receive notifications about account updates. Be sure to fill out IRS Form 4547 if you haven’t already done so.”

This activation requires you to verify your identity by entering details such as date of birth and social security number. Perform the same steps for the account beneficiary.

All communications will be made via email from no-reply@trumpaccounts.treasury.gov, the Treasury Department said in a press release announcing the app’s release. “If you receive a call or text message regarding your Trump account, please do not respond. It is likely a scam.”

The look and experience of this live app differs from earlier mockups of TrumpAccounts.gov’s interface, which tracked the rise in the value of individual stocks like NVIDIA. That interface was still on the site as of Thursday morning.

The Trump account is available to all U.S. children with a Social Security number, and infants born between 2025 and 2028 will be eligible for an initial deposit from the Treasury Department.

A growing number of companies are pledging to match every $1,000 in state deposits in the account, and philanthropists in several states have pledged to fund the account for eligible families.

Children aged 10 and under and born before January 1, 2025 (not eligible for the $1,000 contribution) can receive $250 if they live in a ZIP code with a median income of $150,000 or less. That’s courtesy of a $6.25 billion pledge from tech CEO Michael Dell and his wife Susan.

Starting July 4, parents, guardians, grandparents, and others will be able to contribute up to $5,000 a year after taxes until the year before the beneficiary turns 18. Donation amounts can be preset through the app, according to another interface image shared with CNBC.

Employers can also contribute up to $2,500 per year per worker, but this is part of the $5,000 limit and will not be counted as taxable income, the IRS said. Additionally, eligible charities and state and local governments may make donations that do not count toward the $5,000 limit.

According to Treasury guidelines, Mr. Trump’s account will be invested in “broad-based U.S. stock index funds,” including mutual funds and exchange-traded funds.

—CNBC’s Kelly Grant contributed reporting.

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