The Trump Accounts app is set to go live on all major platforms starting Thursday, a key milestone in the national initiative aimed at giving young Americans a chance at financial freedom.
During a Cabinet meeting on Wednesday, Treasury Secretary Scott Bessent announced the app would be available in the morning, noting that nearly six million children already have their accounts set up. Account activation will begin for those who have already enrolled in the Trump Accounts program.
Thursday’s announcement marks the official implementation of what Bessent has described as the “most groundbreaking policy innovation of modern times.”
The app can be used by parents to view account balances and make investing decisions for the money, Bessent said.
The goal is to build long-term financial security for millions of children by creating tax-advantaged investment accounts for U.S. citizens under the age of 18.
The White House has touted the new app as a significant investment tool for families and a “jump start” to the American Dream.
“Manage everything. Watch the growth. All in ONE place,” the White House wrote on X on Wednesday.
Trump Accounts were included in the president’s tax and spending legislation, known as the Big Beautiful Bill. The legislation was passed and signed into law by the president over the summer.
Bessent has previously noted that Trump accounts are not a government program, rather a new platform anchored in individual ownership where everyone starts life on an investing journey.
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 Associated Press contributed to this report.
