Svmuu News: Robinhood announced via X that the dedicated Donald Trumps app (available on iOS and Android) is now live and open to all eligible U.S. households. Users can now activate their accounts, which will officially begin accepting deposits on July 4, 2026.
Robinhood added that all U.S. children under the age of 18 with a valid Social Security number are eligible to open a “Donald Trump” account;eligible children born between 2025 and 2028 will receive an initial $1,000 contribution from the U.S. Department of the Treasury; family members, friends, and employers can collectively contribute up to $5,000 per year; and the account is designed for long-term investing.
The so-called “Donald Trump” account, also known as the 530A account, is a tax-deferred investment account program authorized by then-U.S. President Donald Trump on June 9, 2025, under the “Big and Beautiful” Act,aimed at establishing government-funded savings accounts for children of U.S. citizens born between January 1, 2025, and January 1, 2029. The Bank of New York Mellon serves as the designated financial agent for the “Donald Trump” accounts, while Robinhood acts as the designated broker-dealer and initial trustee.