08/11/2026
These are simple to set up and takes about 5-15 minutes if you already have an ID.me.
Set up an ID.me account if you have not already. This is used by the IRS and since you’ll be filling out an IRS form, you’re going to need to have this set up. As a bonus to your new ID.me, you can also see how much you’ll get in Social Security Benefits (if it’s still around when you retire) and pay your taxes. You’ll need a passport or drivers’ license as well as a quality smartphone or we**am. You must take a selfie without anyone else in the picture. If you’re not sure how to do that, you ask everyone looking over your shoulder to go away and then take a selfie. Finally, some peace and quiet. Usually, you’ll hear back from ID.me in 10 minutes approving your ID.me account. Once you have this, you are off and running.
Download the Trump Account App on Play Store or App Store on your phone/computer. You’ll get asked who you are and who your kids are. You probably know their date(s) of birth but will have to get out their social security cards. Though, if you have your taxes handy the SSNs should be easy to locate. Fill out the information for the first kid and keep selecting “add child” until you don’t have any more qualifying children. Having more children usually takes about nine months, that timeline was not figured into the initial estimate of 5-15 minutes. Press the done button and take another selfie and another picture of your government ID. Then wait.
It says 3-days for approval of the accounts, but it took me about ten minutes to get approved. Then I got an email from my ID.me address that gave me access to the Portal. Once there I was able to link my checking account and set up recurring deposits and make one-time deposits. For you firm owners out there, you may be able to set up a situation where you’re partially funding the kids’ accounts with pre-tax dollars, though you probably have to treat everyone in your firm the same. See IRS section 128 and your local tax guru. Otherwise, this is post-tax money, but your kids don’t pay taxes on growth until they turn 18. This method is not tax deductible to you, the employee. Again, consult your local tax pro. I’m not trying to give tax advice.
There is a $5,000 annual limit per account, except those fortunate children who get the $1,000 seed. They receive $6,000 in deposits in the first year. Also, from the nerds (us) who watch CNBC in the morning there is talk of companies donating shares. For example, there is some rumor out there that some tech bros who may be giving shares of their companies to the kids as individual shares. There has been some dodging on using the government’s shares of AMD to help deposit money in the accounts... Otherwise, the accounts have to be invested in ETFs, index funds, or other broad holdings.
Let me know if you have any questions.
