Treasury Secretary Scott Bessent said during Wednesday's Cabinet meeting that the Trump Accounts app will be available "on all major platforms tomorrow morning."
Bessent called Trump Accounts "the most important government benefit for young people since the GI Bill" and said nearly 6 million children have already signed up for the program. He compared it to the GI Bill, the long-running U.S. benefits program that helps veterans pay for college, housing and job training.
The app was developed by Robinhood Markets (HOOD) and BNY (BK), which were selected by the Treasury Department to manage the accounts during the program's initial phase.
Trump Accounts are tax-deferred investment accounts for children created under President Donald Trump's One Big Beautiful Bill Act. The program gives eligible children a $1,000 government-funded investment account that families, employers and outside donors can contribute to over time.
Parents, relatives and employers can contribute up to $5,000 annually into the accounts. The funds will be invested mainly in low-cost U.S. stock index funds and ETFs, and children cannot access the money before age 18.
