The U.S. Department of the Treasury announced the launch of the Trump Accounts app Thursday, setting up an interface for the new child savings accounts. File Photo by Shawn Thew./UPI | License Photo
May 28 (UPI) -- The U.S. Department of the Treasury announced the launch of the Trump Accounts app Thursday, setting up an interface for the new child savings accounts.
The Trump Accounts app will be the main way that parents and legal guardians interact with the 530A accounts, the department said. They will first be able to start funding the accounts on July 4.
"The Trump Administration is taking another step forward in expanding opportunity for American families," Scott Bessent, Treasury secretary, said in a statement. "The Trump Accounts app delivers a simple, secure way for households to begin engaging with a program designed to build long-term financial strength from day one."
Sign ups for Trump Accounts have already opened. Those who have signed up will receive emails confirming that they have opted into the program to complete their activation beginning on Thursday.
