President Donald Trump promoted Trump Accounts during a summit on Jan. 28 to highlight the program’s official launch on July 5, 2026.

“We’re going to put $3 [trillion] to $4 trillion of wealth into the hands of young Americans who otherwise would have really started out with nothing,” Trump said during a speech at a Treasury event held at the Andrew W. Mellon Auditorium.

The federally funded pilot program puts $1,000 each into savings accounts that American-born babies will be able to access after they turn 18.

Here is how you can sign your child up.

Eligibility

The program officially starts on July 5, but any baby born in the United States between Jan. 1, 2025, and Dec. 31, 2028, is eligible.

The child must have a valid Social Security number to receive a Trump Account.

The accounts will be managed by parents or legal guardians after they open.

Sign-Up

​Parents and legal guardians have two ways to enroll their children.

​The first way is to use the newly created IRS Form 4547, which can be found online.

​The IRS form will be filed when a parent submits his or her taxes.

​The second way is to wait until the summer of 2026 and register through an online portal.

​The portal is not yet public, but a general website for the program has been activated.

Investments

​The federal government will deposit a one-time seed contribution of $1,000 to a savings account for every American child born within the range of eligibility.

​“Your account balance will grow over time on its own, whether you choose to contribute additionally or not,” the official website stated.

Family members are not required to pay for the accounts or contribute additional money but do have the option to donate a maximum of $5,000 per child annually to the accounts.

For example, if a child’s account receives the maximum contribution of $5,000 per year, by the time the child is 18, the account could have $303,800 in it, according to data provided by the Trump administration.

If a child does not receive any donations, the account is expected to have $5,800 in it by the time the child is 18.

Families will be able to deposit their Visa cash back rewards directly into Trump Accounts, the president announced during his Jan. 28 speech.

Some children may receive a boost in their accounts from other donations, such as money from philanthropists Michael and Susan Dell.

A White House announcement in December 2025 described the terms of the Dell gift: “The first 25 million American children age 10 and under living in ZIP codes with median incomes below $150,000 will receive an additional $250.”

Withdrawal

​Children won’t be able to access their Trump Account money until they turn 18.

The account holder will then be able to withdraw the funds or continue letting it grow with the advantages of a traditional IRA.

There won’t be any penalty if the child withdraws money for a qualified expense such as college or buying a home.

A parent will not be able to access his or her child’s account after the child turns 18.