Trump Accounts App Launches Thursday With BNY, Robinhood Infrastructure

The Trump Accounts mobile app goes live Thursday, giving millions of American families instant access to manage their children’s federally seeded investment accounts. Built by Bank of New York Mellon and Robinhood Markets Inc., the app arrives on Apple and Google app stores as the delivery mechanism for the administration’s 530A program, which deposits $1,000 into accounts for every child born between January 1, 2025, and December 31, 2028.

Families who enrolled early can activate accounts immediately. Federal contributions hit on July 4, after the official rollout. Account holders get financial literacy materials baked into the interface.

What the 530A Program Actually Delivers

The 530A accounts hand eligible U.S. citizens with Social Security numbers a $1,000 federal stake. Parents, relatives, employers, and charities can add up to $5,000 annually on top of that. The default investment at launch is an S&P 500 exchange-traded fund.

Treasury Department projections estimate the initial $1,000 alone could grow to roughly $5,800 by age 18 and nearly $200,000 by age 55 without additional contributions, assuming historical market returns. President Trump framed the program in January as a birthright: