Trump Accounts App Launched in U.S. App Stores

The Trump Accounts application was launched on Thursday in major U.S. app stores. According to Odaily, U.S. Treasury Secretary Bessent stated, "The Trump administration has taken another step in expanding opportunities for American families. The Trump Accounts app provides families with a simple and secure way to participate in a plan aimed at building long-term financial strength from the start." A Treasury Department spokesperson, as reported by CNBC, revealed that the app was developed in collaboration with BNY Mellon and Robinhood Markets. Starting in July, parents or guardians will be able to fund new Trump Accounts, also known as 530A accounts. Parents must first complete a form on the Trump Accounts website to open an account for their children. While all U.S. children under 18 with a Social Security number can register, only those born between 2025 and 2028 will receive a $1,000 starter fund from the Treasury Department.