A Trump Account is a government investment account you can elect to open for an eligible child when you file your taxes using Chime’s tax filing partner, April.
This program lets families set up a long-term, tax-advantaged account for a child under age 18. You can open a Trump Account for a dependent child who:
Is a U.S. citizen
Is under 18
Has a valid Social Security number (SSN)
Has not already had a Trump Account opened for them
In addition, children born January 1, 2025 - December 31, 2028 may also receive a one-time $1,000 seed contribution from the U.S. Treasury.
Children under 18 born before 2025 can still have a Trump Account opened, but won’t get the $1,000 seed contribution.
About the $1,000 seed contribution
The one-time $1,000 deposit is paid by the U.S. Treasury, not Chime.
It is not part of your tax refund.
It is expected to be issued in summer 2026 and goes directly into your child’s Trump Account, not your Chime account.