Trump Accounts app now available for iPhone and Android

https://fed.brid.gy/r/https://nerds.xyz/2026/05/trump-accounts-app/

US Top News and Analysis | Robinhood, BNY to build Trump Accounts app

Robinhood, BNY to build Trump Accounts app
The U.S. Department of the Treasury announced Monday that Bank of New York Mellon (BNY) will be the designated financial agent for Trump accounts. BNY will manage the initial accounts and has partnered with Robinhood to develop a yet-to-be-released Trump Accounts app, according to an announcement on CNBC's "Squawk on the Street." The initiative, launched on July 4, provides tax-deferred investing accounts for children born between 2025 and 2028, featuring a one-time $1,000 Treasury deposit for eligible participants.

As of March 31, more than 4 million children had been signed up for Trump accounts, with over 1 million eligible for the Treasury’s $1,000 pilot program contribution, per the IRS. Parents or guardians can enroll by filing IRS Form 4547 with their 2025 tax returns or via TrumpAccounts.gov. The authentication process is expected in May, with seed money arriving on July 4. BNY, alongside other large employers, previously pledged to match the Treasury’s $1,000 contribution for employees’ children, reinforcing the program’s goal of expanding financial opportunity.

Robinhood CEO Vlad Tenev affirmed the company’s support for Trump accounts “from the very beginning,” citing its technology resources and commitment to the program’s success. Contributors can add up to $5,000 annually in after-tax dollars, with employers able to deposit up to $2,500 pre-tax yearly for employees’ children. The contribution limit is indexed for inflation after 2027, and philanthropists in multiple states have committed to seeding accounts for qualifying families. The IRS emphasized collaboration with the Treasury to simplify enrollment through a one-page tax return form.

Read more: https://www.cnbc.com/2026/04/06/treasury-trump-accounts-bny-robinhood.html

#robinhood #bny #trumpaccounts #u.s.departmentofthetreasury #irs

💵 Larry Page Just Became The 2nd Richest Person In The World
“Zootopia 2” just became the highest worldwide debut for an animated film, and Michael Dell donated $6.25 billion dollars to 25 million children’s 'Trump Accounts'

#zootopia2 #larrypage #michaeldell #trumpaccounts

https://thebusinessbehindthenews.com/p/larry-page-just-became-the-2nd-richest-person-in-the-world