On July 4, 2026, the Trump administration officially launched Trump Accounts — investment accounts for children under 18 that include a $1,000 federal government deposit for babies born between January 1, 2025 and December 31, 2028. What many families do not know is that these accounts were created by the same law that cut SNAP — the "One Big Beautiful Bill" — and that any U.S. citizen child with a Social Security number may be eligible, regardless of household income.
In the first week since launch, more than 6 million children had already been registered in the program, with 1.4 million of them eligible for the $1,000 government deposit. 86% of the accounts opened belong to families earning less than $200,000 per year — indicating the program is reaching mostly middle and lower income families, including many who also receive SNAP.
Trump Accounts, also known as 530A accounts, are tax-advantaged investment accounts designed to help children start building wealth from the very beginning of their lives. The money is invested in stock market index funds — primarily funds that track the S&P 500 — and cannot be withdrawn until the child turns 18, at which point the account converts into a traditional IRA.
To open an account, any parent, legal guardian, grandparent, or older sibling can do so through the official Trump Accounts app, designed in partnership with Robinhood. The app is available for iOS and Android. Once the account is open, the Treasury Department will automatically deposit the $1,000 if the child meets the eligibility requirements.
In addition to the government deposit, the Michael & Susan Dell Foundation has pledged $6.25 billion to add $250 to the accounts of children born before 2025 who live in ZIP codes with median incomes of $150,000 or less — which includes many communities where SNAP families are most concentrated.
To receive the $1,000 government deposit, your child must meet three conditions: be a U.S. citizen, have been born between January 1, 2025 and December 31, 2028, and have a valid Social Security number. There is no income requirement — any family, regardless of how much they earn, can open an account and receive the money if the baby meets those conditions.
For children born before 2025 — who do not qualify for the $1,000 government deposit — it is still possible to open a Trump Account and potentially receive the $250 from the Dell Foundation if they live in an eligible ZIP code. The deadline to open an account is the year before the child turns 18.
There is a fact that is generating a lot of controversy and that families receiving SNAP need to know: Trump Accounts and the SNAP cuts were born from the same law. The "One Big Beautiful Bill" signed on July 4, 2025 cut $187 billion from the SNAP program over ten years — leaving millions of families without access to food benefits — and at the same time created Trump Accounts with the $1,000 deposit.
Critics point out that the $1,000 in Trump Accounts will not be available until the child turns 18, while the SNAP cuts are affecting families right now. Additionally, the poorest families — who cannot afford to make additional contributions to the account — will benefit least from the program in the long run, since the growth of the money depends heavily on additional contributions made by the family over 18 years.
If you want to take advantage of this opportunity for your child, the process is straightforward. Download the Trump Accounts app on your phone (available on iOS and Android), create an account using your email address and your child's Social Security number, and follow the steps to verify your identity. Once registration is complete, the Treasury Department will process the initial deposit if your child meets the requirements.
Important: all official communications about Trump Accounts will arrive by email from no-reply@trumpaccounts.treasury.gov. If you receive a phone call or text message about these accounts, do not respond — it is very likely a scam. Always access your account through the official app or by typing TrumpAccounts.gov directly into your browser.