Financial app for managing Trump Accounts set to launch Thursday
A new financial app for managing Trump Accounts is set to launch on Thursday, allowing families to manage tax-advantaged accounts. Nearly 6 million families have already signed up for these accounts, which will officially go live on July 4. The app, developed by Robinhood and BNY Mellon, will include features for scheduling contributions and financial literacy content.
- ▪The app will be available for download from Apple and Google app stores starting Thursday.
- ▪Every U.S. citizen born between January 1, 2025, and December 31, 2028, is eligible for a $1,000 federal contribution to their accounts.
- ▪Families can contribute up to $5,000 per year into the accounts, which cannot be accessed until the child turns 18.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onFinancial app for managing Trump Accounts set to launch ThursdayNearly 6 million families have already signed up for accounts.ByMichelle Stoddart and Elizabeth SchulzeMay 27, 2026, 7:13 PM5:32President Donald Trump speaks during a cabinet meeting in the Cabinet Room at the White House, in Washington, May 27, 2026.
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