Trump Accounts Program Sends First $1,000 Government Payments to Eligible Children

The Trump Accounts program distributed its first $1,000 federal contributions to eligible children on July 6, 2026, two days after the official launch. Business Insider reported that one parent received notification that her daughter's account had been funded and automatically invested. The parent signed up through the Trump Accounts app on May 28 after completing IRS Form 4547.

She was redirected from InvestAmerica.org to the IRS portal and verified her identity using ID.me by uploading a driver's license photo and recording a live video selfie. The program is open to children born between 2025 and 2028. All contributions are placed in SPYM, an index fund that holds shares of NVIDIA, Amazon, and Microsoft.

The parent had spoken with financial advisors earlier in 2026 before deciding to open the account. Funds cannot be withdrawn until the child turns 18, at which point the child controls the money. Business Insider reported that 6 million Trump Accounts have been opened overall, with more than 1.5 million participants opting in for the government contribution, according to Time.

Families and outside donors may add further amounts to the accounts.