A Trump Account is a long-term, tax-advantaged investment account that families can open for an eligible child. Once open, the account can accept contributions and grow over time.
A child is eligible if they:
Are a U.S. citizen
Are under 18 years old
Have a valid Social Security number (SSN)
Have not already had a Trump Account opened for them
The $1,000 seed contribution
Children born between January 1, 2025 and December 31, 2028 may receive a one-time $1,000 seed contribution from the U.S. Treasury. Children born before 2025 can still have a Trump Account opened but will not receive the seed contribution.
About the seed contribution: The $1,000 is paid by the U.S. Treasury — not Chime. It is not part of your tax refund and does not go to your Chime account. It goes directly into your child's Trump Account and is expected to be issued in summer 2026.
How to open a Trump Account
Through tax filing through Chime: During the tax filing process with Chime's partner April, you can opt in to open a Trump Account for an eligible dependent. This option appears as part of filing Form 4547. The account will open after your enrollment is processed.
Through the government portal: An online portal will be available at Trumpaccounts.gov to open accounts outside of tax filing. Enrollment is optional — if you don't enroll now, you may have future opportunities to do so.
*Chime does not provide tax advice. Please consult your accountant for tailored tax guidance.
Tax e-file services provided by April Tax Solutions Inc. (“april”).
These tax filing offers are not endorsed or offered by our partners, The Bancorp Bank, N.A. or Stride Bank, N.A.