KEY POINTS
- JPMorgan and Bank of America will match the federal $1,000 Trump account deposit for employees’ newborn children.
- Trump accounts are federally backed IRA style investment accounts for US citizen children born from 2025 through 2028.
- Wisconsin Republicans are exploring a separate state match, drawing both bipartisan interest and Democratic caution.
JPMorgan Chase and Bank of America will each match a $1,000 federal deposit into so-called Trump accounts for eligible US employees who become parents.
Expanding corporate participation in a new child investment program created under a federal tax and spending law signed by President Donald Trump in July 2025.
The corporate matching decisions by JPMorgan Chase and Bank of America mark the first large scale private sector endorsement of Trump accounts, a federal initiative designed to encourage early life investing and long term asset building for American families.
The program applies to children born on or after Jan. 1, 2025, and requires parents to opt in by opening an account in their child’s name.
Trump accounts were authorized under a wide ranging federal tax and spending bill enacted in July 2025.
The law directs the federal government to deposit $1,000 into an IRA style investment account for each eligible newborn who is a US citizen with a valid Social Security number.
Funds are invested in low cost index funds tied to the US stock market and managed by a private firm selected through a federal process.
Account holders cannot access the money until age eighteen. Annual contributions from parents, relatives, employers or others are capped at $5,000 per child. Permitted uses include higher education, a home down payment or business formation.
JPMorgan said Wednesday it would match the federal contribution for eligible US employees, confirming earlier media reports that Bank of America plans to offer a similar benefit. Both banks declined to disclose estimated participation or total costs.
Supporters argue Trump accounts could narrow wealth gaps by normalizing early investing.
Rep. Elijah Behnke, a Republican representing the Town of Chase in Wisconsin, said the accounts are “designed to help families build long term financial security” and allow children to “grow alongside the American economy.”
“Starting early makes a powerful difference,” Behnke said, adding that even modest monthly contributions could compound significantly over time.
Sarah Bloom Raskin, a former Federal Reserve governor now at Duke University’s Center for Financial Economics, said employer matches increase take up.
“When employers participate, it sends a signal that this is a legitimate, long term savings vehicle rather than a symbolic policy,” she said.
Critics, however, question fiscal timing and administrative readiness. Rep. Alex Joers, a Democratic lawmaker from Waunakee, cautioned against states committing funds before the federal program launches.
“It’s fiscally concerning to dedicate state money to a federal program that isn’t technically set up yet,” he said.
Trump Accounts at a Glance
| Feature | Detail |
|---|---|
| Eligible births | Jan. 1, –Dec. 31, 2028 |
| Federal deposit | $1,000 per child |
| Annual contribution cap | $5,000 |
| Access age | Eighteen |
| Investment type | U.S. stock market index funds |
Behnke is leading legislation in Wisconsin that would add a $1,000 state match for Trump accounts, funded from the state’s budget surplus.
He said Wisconsin could allocate about $60 million annually, based on an estimated 60,000 births per year.
Wisconsin Legislative Fiscal Bureau projections show the state surplus could reach $2.37 billion by June 2027. Gov. Tony Evers has urged lawmakers to prioritize property tax relief, education funding and child care.
Joers contrasted the Trump accounts proposal with a separate bipartisan “WisKids” bill that would deposit $25 into a state managed 529 college savings account for newborns. “WisKids is designed to be sustainable year after year,” he said.
The Trump administration has said the accounts are expected to become available July 4, 2026.
State level matches would require legislative approval and gubernatorial sign-off. Corporate participation may expand as details are finalized.
With JPMorgan and Bank of America committing to match federal deposits, Trump accounts are moving from policy concept toward practical adoption.
How widely they are used may depend on employer participation, state support and whether families view early investing as a reliable path to future financial stability.
FAQs
What are Trump accounts?
Trump accounts are government backed investment accounts for US children born between 2025 and 2028, starting with a $1,000 federal deposit.
Is Trump’s Instagram account real?
Yes. Donald Trump’s official Instagram account is verified and real.
How much money does Donald Trump have in his account?
His exact bank balance is not public, but his net worth is estimated at several billion dollars.
What is Trump’s currency value?
If referring to the TRUMP cryptocurrency, its value changes daily based on the market.
Author’s Perspective
In my analysis, employer matched Trump accounts signal a broader shift toward early life asset building becoming a mainstream benefits strategy, blending public policy with corporate compensation design.
From a strategic perspective, banks backing this model are positioning themselves at the center of long term household wealth flows.
I predict wider employer adoption and potential regulatory standardization around child investment accounts. For families, this lowers the entry barrier to investing.
NOTE! This report was compiled from multiple reliable sources, including official statements, press releases, and verified media coverage.
