The official Trump Accounts app launches today, May 28, 2026, in the Apple App Store and on Google Play. Built by Bank of New York Mellon (as Treasury's financial agent) and Robinhood (as brokerage and initial trustee), the app is the only way to manage a Trump Account at launch – and the gateway for families who have already enrolled to actually set up their child's account.
Here's what you can do with the app starting today, what still has to wait until contributions officially open July 4, and what's planned for later.
What the app does today
Activate your child's account
If you've already filed Form 4547 (either with your 2025 tax return or at form.trumpaccounts.gov), this is your moment. Treasury has been sending activation materials throughout May; the app is where you'll actually use them.
Expect to:
Verify your identity as the authorized individual on the account.
Confirm your child's details (name, Social Security Number, date of birth).
Designate investment preferences – though for now, the default is the only option for most families (see below).
Set up authentication for ongoing access.
You won't be able to fund the account today. Account opening is unlocked; deposits aren't.
Heads-up: Treasury is rolling out activations in waves over the next few weeks. If you've filed Form 4547 but see a “Stay tuned for an invite” screen instead of activation steps, that's normal — you'll get an email from no-reply@trumpaccounts.treasury.gov when your account is ready. You can also enable push notifications in the app to get an alert sooner.
Explore financial literacy materials
The launch app ships with eight financial literacy modules aimed at helping parents and (eventually) children learn the basics of investing, compounding, and long-term wealth building. Treasury is positioning these as part of the program from day one – a “what is investing” on-ramp before any money actually moves.
Schedule future contributions
You can set up automated contributions ahead of the July 4 funding window so they hit the account as soon as it opens. This includes:
One-time contributions scheduled for July 4 or later.
Recurring contributions (weekly, monthly, etc.) up to the $5,000 annual cap.
Future-balance projections – the app shows what your child's account could grow to under various contribution scenarios.
View account details
For families with eligible children born 2025-2028, the app will show your status for the $1,000 federal Pilot Program Contribution – pending until July 4, when seed deposits begin.
What still has to wait until July 4
Everything that requires money to move waits until July 4, 2026 — the statutory program-opening date. That includes:
Family contributions deposited — The program officially opens for funding on that date.
The $1,000 federal seed for eligible children — Seed deposits begin alongside contributions.
Employer contributions deposited — Same as family contributions.
Investment activity — No money in the account means nothing to invest yet.
What's coming later
A few things are not in the launch app and are expected later in 2026 or beyond:
Rollovers to other brokerages. Trump Accounts will eventually be portable to other participating financial institutions (any nonbank IRA trustee approved as of December 31, 2025 is automatically eligible). The mechanics – including sample rollover language – will be released by Treasury in future guidance.
Additional investment options. The launch default is a broad S&P 500 ETF. Treasury has said other broad-based index options will roll out afterward, but hasn't named tickers or timing.
Employer benefit integrations. A growing list of employers (58 as of late April per Americans for Tax Reform) have committed to matching contributions. The IRS guidance for how these flow operationally through the app is still expected later in 2026.
Investments: what to expect at launch
For families who plan to contribute on July 4 (or after), here's what to know about how the money will be invested:
Default investment: A broad S&P 500 ETF. Treasury hasn't publicly named a specific ticker.
Fee cap: Annual management fees on any allowed investment are capped at 0.10%.
What's allowed: Low-fee mutual funds or ETFs tracking U.S. equities (S&P 500 or comparable broad equity index).
What's not allowed during the growth period: Cash holdings and money market funds (except temporarily for dividends or sale proceeds), leverage, and any investment outside a broad U.S. equity index.
The growth period runs from when the account is established through December 31 of the year your child turns 17. After that, the account behaves like a traditional IRA and your child takes control.
A few things the app doesn't do (yet)
Multi-account dashboards. If you're managing accounts for multiple children, expect basic account-by-account views at launch rather than a consolidated family view.
Sharing access with co-parents or other family members. Only the authorized individual on the account has access. Gifting from grandparents, friends, or others is on the contribution roadmap but not the account-access roadmap.
Tax document delivery. Trump Accounts use a tax-deferred structure (taxed on withdrawal, not contribution), so there's no annual deduction to claim. Year-end tax forms for any 2026 activity will arrive in early 2027.
What you should do today
If your child was born 2025-2028 and you've already filed Form 4547: Download the app for iOS or Android, complete activation, and verify your information. You're now positioned for the $1,000 seed deposit on July 4.
If you've filed but your child wasn't born in the 2025-2028 window: Download the app for iOS or Android and complete activation. You won't receive the $1,000, but you'll be ready for contributions on July 4.
If you haven't filed Form 4547 yet: Read our complete guide to Form 4547 and file at form.trumpaccounts.gov. You have plenty of time – the election window runs through December 31 of the year your child turns 17 – but you'll want to file before you can use the app.
If your employer offers a Trump Account match: Ask HR what you need to do on your side. Some employer programs (like IBM's $1,000 + bonus structure) require you to contribute a minimum amount within a window. See our timeline article for the full employer list.
Trump Accounts vs. 529 plans
This is worth saying clearly: Trump Accounts are useful for general long-term wealth building, but 529 plans remain the better vehicle for education savings. 529s allow significantly larger contributions, are state-tax deductible in many states, can be used for K-12 and college expenses tax-free, and have more flexible beneficiary rules.
If education is the primary savings goal, start with (or stay with) a 529. Use a Trump Account as a complement, not a replacement. Learn more about 529s at savingforcollege.com.
The bottom line
The app launch is a real milestone – Trump Accounts are no longer a tax-form-and-a-promise. Families who've enrolled can now actually see their account, plan contributions, and start engaging with the program. But the actual money – your contributions, the $1,000 federal seed, employer matches – all waits for July 4. Use the next five weeks to download the app, complete activation, decide your contribution strategy, and ask your employer what they're doing.
Sign up for email alerts so you don't miss the July 4 funding window or any major program updates.
TrumpAccounts.com is an independent information resource and is not affiliated with the IRS, Treasury Department, Bank of New York Mellon, Robinhood, or any other financial institution.