Treasury Secretary Scott Bessent celebrated the launch of the Trump Accounts app, touting it as “the most important benefit for young people since the GI Bill.”
The app went live on all major platforms Thursday morning, a key milestone in the national initiative aimed at giving young Americans a chance at financial freedom.
For too long, according to Bessent, financial markets felt out of reach for too many. Bessent pointed out that 38 percent of Americans have no exposure to equities.
The Treasury secretary touted the Trump administration’s goal of building long-term financial security for millions of children by creating tax-advantaged investment accounts for U.S. citizens under the age of 18.
Under Trump Accounts, every child in the United States born between Jan. 1, 2025, and Dec. 31, 2028, is eligible to receive a $1,000 contribution from the Treasury Department that will be immediately invested in an index fund. That child can access the funds when they turn 18 to put toward their education, to buy a home, or to start a business.
The app can be used by parents to view account balances and make investing decisions for the money, Bessent said. He predicted that the program will create a generation of shareholders.
The Trump administration has noted that Trump Accounts are not a government program, but rather a new platform anchored in individual ownership. The app was created by Robinhood, a commission-free trading and investing platform, and the Bank of New York. The Treasury Department selected both to manage the accounts in the initial phase.
The Trump Accounts app works in conjunction with the original TrumpAccount.gov website.
While the mobile app has already launched to help families manage Trump Accounts, the program officially begins on July 4, 2026. Starting that date, families can open and fund eligible accounts, and qualifying children will receive a one-time $1,000 contribution from the U.S. Treasury.
The Trump Accounts app is available for download for both iPhone on the Apple Store and for Android users on the Google Play Store.