Archive · 28 Jan 2026
Trump Accounts: Corporate Matches and Details
The Trump Accounts program is a new initiative where the US government will give $1,000 to every child born between 2025 and 2028.
This money will be put into an investment account that grows until the child turns 18.
Big companies like JPMorgan and Bank of America are also matching this $1,000 for their employees' children born between 2023 and 2028.
These companies will also let employees put money into these accounts directly from their paychecks before taxes.
The money is invested in special funds that track US companies.
The program aims to help children have more money for the future, like for college or buying a home.
Some people think this will help kids have better chances in life, while others might worry it doesn't help families who need money right now.
Trump Accounts program offers $1,000 initial deposit for children born between 2025 and 2028.
JPMorgan and Bank of America will match the $1,000 contribution for eligible employees' children born between 2023 and 2028.
Bank of America allows employees to contribute to Trump Accounts directly from their salary before taxes.
JPMorgan granted a special $1,000 award to employees earning less than $80,000 annually.
Program aims to promote economic mobility and narrow the wealth gap by starting investments at birth.
- Who
- US President Donald Trump, JPMorgan, Bank of America, Visa, Chime, BlackRock
- What
- Launch of the Trump Accounts program with corporate matches for eligible employees
- When
- July 4, 2024
- Where
- United States
- Why
- To provide financial support for children's future through investment accounts and promote economic mobility
Supporters
Critics
Economic Mobility
Supporters
Supporters argue that starting investments at birth can improve economic mobility and give future workers a stronger chance to climb the economic ladder.
Critics
Critics may argue that the program does not address immediate financial needs and could widen the wealth gap for those who cannot contribute additional funds.
- Program Name
- Trump Accounts
- Initial Deposit
- $1,000 per child
- Eligible Birth Dates
- January 1, 2025 - December 31, 2028
- Annual Contribution Limit
- $5,000
- Investment Options
- Low-cost index funds tracking US companies
- Account Maturity
- Child turns 18
- Eligibility
- All US children under 18 with a valid Social Security number
- Account Opening
- IRS Form 4547 or online portal (summer 2026)
- Corporate Matches
- JPMorgan, Bank of America, Visa, Chime, BlackRock
- Special Award
- $1,000 to employees earning less than $80,000 annually
- Program Launch Date
- July 4, 2024
Sources
US President's remarks on Trump Accounts shortly: What to know about the children savings program
JPMorgan, Bank of America pledge matching funds for new ‘Trump accounts’ – What it means
