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

Odaily Planet Daily News: Robinhood officially announced on X that the Trump Account application (supporting iOS and Android) is now live and open to all eligible American families. Users can now activate their accounts, which will officially begin accepting deposits on July 4, 2026.

Robinhood added that all U.S. children under 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 contribution from the U.S. Treasury; family, friends, and employers can contribute up to a combined total of $5,000 per year; 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 Donald Trump on June 9, 2025, based on the "Big and Beautiful" Act. It aims to establish government-funded savings accounts for the children of U.S. citizens born between January 1, 2025, and January 1, 2029. The Bank of New York Mellon is the designated financial agent for the Trump Account, while Robinhood is the designated broker and initial trustee.