Enrollment Is Open For Trump Accounts, And Some Kids Get $1,000 On Day One
on May 30, 2026 • Updated Jul 10, 2026
The Federal government is giving $1,000 to all eligible children born from Jan. 1, 2025, to Dec. 31, 2028, whose parents sign them up for the new Trump Accounts program.
On July 6, it was announced that eligible children born between 2016 and 2024 will receive $250 as well.
With Trump Accounts, which officially launch on America’s 250th birthday, July 4 of this year, the aim is that parents will be able to invest in their child’s future.
Already, 6 million children have been signed up for accounts, and many more are expected to be enrolled for this unique investment opportunity that was established by the One, Big, Beautiful Bill in 2025.
As of July 6, the app for Trump Accounts is accessible on mobile phones with accounts open and running.
Here’s what parents should know about this new program…
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What To Know About Trump Accounts
Children born during President Donald Trump‘s second term in office are receiving $1,000 from the Treasury as a seed investment.
These children must be American citizens with a Social Security number.
“We’re Giving this money to children so they can have a good life,” declared Trump at a news conference on Monday, July 6.
During the news conference in the Oval Office, Michael Dell, entrepreneur and CEO of Dell Technologies, made a significant investment announcement.
“250 years ago, our founders in the Declaration of Independence … pledged their fortunes to an idea,” Dell said. “Today, we’re pledging our fortune to the next generation of children.”
Announcing that he was making a a contribution of $6.25 billion to the Trump Accounts at the Treasury, he said this will mean that 25 million eligible American children born prior to Trump’s second term, going as far back as 2016, will qualify for a $250 seed investment.
Writing on X, formerly Twitter, Dell said:
“This makes every child a shareholder in the greatest prosperity-creating engine the world has ever known — American capitalism. Through this public-private partnership, we’re giving the next generation a real stake in our economy and a path to the American Dream: education, a first home, starting a business, and building lasting wealth.”
In his Oval Office remarks, Dell added that for many American families with children that this is a big deal, saying, “Your American story starts now.”
Watch the moment Dell announced the additions to Trump Account seed funding, here:
.@MichaelDell: "Today, every newborn American child will start their life with $1,000 invested in America’s greatest companies, compounding for the future. But Susan and I didn’t want the children that were born just before to be completely left out, so we are contributing… https://t.co/EB7pkNJKLD pic.twitter.com/qOS4Unf5Ea
— Rapid Response 47 (@RapidResponse47) July 6, 2026
Trump then rang a bell positioned on the Resolute Desk, officially opening the Trump Accounts.
Sec. of the Treasury Scott Bessent said that 1.4 million children would be receiving $1,000 on July 6 from the U.S. Treasury in their Trump Accounts.
Enrollment remains open.
Funds in a child’s Trump account will be “invested in a diversified investment vehicle designed to maximize long-term growth while minimizing risk,” the Trump Accounts website states.
Further, annual contributions into a child’s account not exceeding $5,000 may be made by parents, family members, friends, employers, charities, local governments, and more.
Funds in accounts can be accessed by the child upon their 18th birthday with no penalty, allowing for them to apply the funds toward education, the purchase of their first home, or even starting a business.
Without adding any funds, the Trump Accounts website estimates that by the time a child who qualified for the $1,000 initial investment turns 18, that $1,000 will have grown to $6,000. Similarly, adding $250 each year to the account could see it reach $19,000 by the time that two-year-old is 18.
While the funds can be accessed when a child turns 18, if someone who was invested in with a Trump Account chooses to keep the funds in the Trump Account or continue investing in themselves, those funds may be withdrawn without penalty after they turn 59 1/2.
Funds withdrawn after turning 18, but before turning 59 1/2, will be subject to a 10% tax.
During a press briefing at the White House on May 28, Sec. of the Treasury Scott Bessent made the case for Trump Accounts.
“Trump Accounts, I believe, are the most important benefit for young people since the GI Bill,” Bessent said.
On May 28, the Trump Accounts app became available, with Bessent saying that nearly 6 million Americans have already been signed up for Trump Accounts.
Bessent added that, presently, 38% of Americans do not engage with the stock market, but Trump Accounts could “create a generation of shareholders” as it has the potential to provide a “real-time financial literacy education” for many.
As of July 9, just five days since the July 4 launch of the program, the White House shared on X that $125 million has already been contributed to Trump Accounts by American families.
THIS is what investing in the future looks like.
— The White House (@WhiteHouse) July 9, 2026
In just five days since launch, American families have contributed nearly $125 million to Trump Accounts. 🚀💸 pic.twitter.com/ndHzjPaa5H
This was reported on by the Washington Examiner, which cites a senior official of the Treasury who said that there have been 500,000 new Trump Accounts opened since July 4, bringing the number to approximately 6.5 million children with Trump Accounts.
See how to set up a Trump Account below…
Watch President Trump and Sec. Scott Bessent’s news conference on the start of Trump Accounts, here:
How To Set Up A Trump Account
Setting up a Trump Account for a child is a simple process.
Begin by downloading the free Trump Accounts app from your phone provider’s app store.
The app will then prompt for your information, as a parent or guardian of a child under the age of 18.
Upon entering your Social Security number, the app will (in many cases) list your dependents. From there, you can confirm or add a child for starting a Trump Account.
The child’s Social Security number will need to be entered to proceed with establishing the account.
From there, your work should be done, after confirming your mailing address and the address of the child in question.
Parents can also set up an account for a child under 18 by filing IRS Form 4547.
For more information on Trump Accounts, and how to download the app, visit TrumpAccounts.gov.
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