Trump Account App Goes Live Ahead of July 4 Launch, Treasury Secretary Scott Bessent Says

The Trump Accounts app has launched in U.S. app stores ahead of the program’s planned rollout. According to a Treasury spokesperson cited by CNBC, the app was developed with BNY Mellon and Robinhood Markets. Eligible children are set to receive $1,000 in Treasury seed funding through the tax-deferred 530A account plan, and funding for new accounts is scheduled to begin in July. Treasury Secretary Scott Bessent had previously said the program would allow up to $5,000 in annual contributions and could channel $30 billion to $50 billion into U.S. equities in its first year. A new report also says the initiative could reshape intergenerational wealth dynamics by giving children early investment exposure and financial literacy support.

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