The US Treasury Department announced Thursday that the Trump Accounts app has officially launched. To access the accounts, which will activate on July 4th, guardians of minors will need to visit the official website and fill out IRS Form 4547.
Treasury Secretary Scott Bessent posted a short video clip on ‘X’ Thursday, encouraging parents to begin the process of opening Trump Accounts for each minor that they are the legal guardians of. “This groundbreaking new app will make it easy for millions of Americans to sign-up, contribute, and watch their investments grow in value,” stated the Treasury Secretary on Thursday.
The @TrumpAccounts app launches today—the main interface for the most historic policy for American families in decades. This app is designed to be accessible for every household, ensuring that even our youngest shareholders can monitor their path to prosperity. While the accounts themselves will officially launch on July 4th, today we put the power of information in your hands. This app is available on all app stores now, and Treasury will continue to release information ahead of our nation’s 250th anniversary.
— Treasury Department (@USTreasury) May 28, 2026
Bessent added that “your account will go live on July 4th, which is fittingly the 250th anniversary of our great nation.” Individuals who are interested in accessing Trump Accounts can consult the official press release for a step-by-step breakdown on how to begin the process.
Below, our readers can find answers to several FAQs related to Trump Accounts.
Any individual who is currently a US citizen and below the age of 18 can open a Trump Account. However, the $1,000 government stipend only applies to those who were/are born between January 1, 2025, and December 31, 2028. Guardians act as “stewards” for the accounts until their children become adults.
No. It is not necessary to have a Robinhood account to access the Trump Accounts portal. You can sign-up directly through the Trump Accounts app, but you’ll need to fill out IRS Form 4547 in order to activate the funds, starting July 4th.
No, not until the minor whose name is listed as the account holder turns 18 years of age. Parents and guardians who open Trump Accounts in the names of minors are custodians of the funds, but cannot withdraw any amount. Once the minor turns 18, that individual will then take over full ownership of the Trump Account, which will automatically convert into a Traditional IRA at that time.
Yes. In fact, this is encouraged. The maximum amount that can be deposited into a minor’s Trump Account is capped at $5,000 per year, per child.
The links published above within this article are a great source of additional information for those who are interested in opening one or more Trump Accounts. If you are a Robinhood account holder, then the brokerage’s official ‘X’ thread is also a good source of information.
If you are interested in hearing Robinhood CEO Vlad Tenev’s thoughts on Trump Accounts, you can read our Robinhood Q1-2026 earnings report. Trump Accounts can be accessed starting now by downloading the app from Google Play (Android) or the App Store (iOS).
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