Robinhood: Trump Account Dedicated App Now Live, Open to Eligible American Families

Odaily reported that Robinhood officially announced on X that the dedicated app for Trump Accounts (supporting iOS and Android) is now live and available to all eligible American families. Users can now activate their accounts, which will officially accept deposits on July 4, 2026.

Robinhood added that all U.S. children under the age of 18 with a valid Social Security Number are eligible to open a Trump Account; eligible children born between 2025 and 2028 will receive an initial $1,000 deposit from the U.S. Treasury; family, friends, and employers can contribute a combined maximum of $5,000 annually; the account is designed for long-term investment.

The so-called "Trump Account," also known as a 530A account, is a tax-deferred investment account plan authorized by then-U.S. President Trump on June 9, 2025, based on the "Big and Beautiful" Act. It aims to establish government-funded savings accounts for children of U.S. citizens born between January 1, 2025, and January 1, 2029. The Bank of New York Mellon serves as the designated financial agent for Trump Accounts, while Robinhood serves as the designated broker and initial trustee.