10/20/2026
It costs $0 to open a Trump Account for a child. You don't have to deposit any money to get started.
There's also a government-funded benefit:
$1,000 free contribution: Children born between January 1, 2025, and December 31, 2028, who meet the eligibility requirements can receive a one-time $1,000 government deposit.
Children born before 2025: Can qualify for an account, but generally won't receive the $1,000 federal contribution.
Additional contributions: Parents, grandparents, and others can contribute, subject to annual limits.
The account is intended to invest money for the child's future, generally until age 18.
One important update: As of October 2026, the Treasury Department has automatically created accounts for eligible children. You may only need to claim and activate the account. 
How old are the children you're considering opening accounts for? Their ages determine whether they're eligible for the government money or other possible contributions.