Treasury Launches Trump Accounts App for 6 Million Kids

A new mobile application for managing Trump Accounts, a federal savings and investment program for children, will launch on Thursday, Treasury Secretary Scott Bessent announced. The app will provide parents and guardians with a digital interface to monitor and manage accounts that are set to become active this summer.

Bessent made the announcement during a Cabinet meeting on Wednesday, stating the app would be available on all major platforms, including the Apple App Store and Google Play Store. He also revealed that nearly six million children have already been signed up for the program. The app was developed by Bank of New York Mellon in partnership with the investing platform Robinhood.

The Trump Accounts program was established by the One Big Beautiful Bill Act, which was signed into law on July 4, 2025. The initiative creates tax-advantaged investment accounts, similar to custodial IRAs, for American children under 18. The program’s official launch is scheduled for July 4, 2026, which coincides with the nation’s 250th anniversary.

A central feature of the program is an initial $1,000 deposit from the federal government for eligible newborns. To qualify for this seed money, a...