Set to be launched this year, Trump Accounts will be tax-advantaged investment accounts for U.S. citizens under the age of 18, according to a U.S. government website about the program.
“I’m also pleased to announce that Visa is creating a brand-new platform which will allow credit card holders to deposit their cash-back rewards directly into Trump accounts,” President Donald Trump said in a video clip shared in a Wednesday (Jan. 28) post on X from an account affiliated with his political operation.
“JPMorgan Chase and Bank of America to match $1,000 U.S. contributions to employee ‘Trump accounts,’” the White House Rapid Response account said in a Wednesday post on X, sharing a link to a CNBC report.
“Dozens of major employers have signed up to add [Trump Accounts] contributions to their employee benefit packages — including Uber, Schwab, Charter, Intel, Nvidia, Broadcom, IBM, Steak ‘N Shake, Coinbase, Continental Resources, Comcast and many others,” the White House Rapid Response account said in another Wednesday post on X.
Visa said in a Dec. 17, 2025, post on X that it will offer the new 530A Trump Accounts. “We plan to include these accounts in our benefits package for U.S. employees when they become available,” the company said in the post.
Bloomberg reported that Wednesday’s announcements from Visa, JPMorgan Chase, Bank of America and others were made at an event promoting the new accounts.
Visa CEO Ryan McInerney said at the event, speaking of the company’s platform for depositing cash-back rewards into the accounts, per the report: “It’s a simple and powerful way to turn rewards into savings to help families save for their children’s future through everyday spending.”
The establishment of Trump Accounts was enabled by the “One Big Beautiful Bill,” the White House said in an Aug. 29, 2025, press release.
Trump Accounts established for eligible children will receive an initial $1,000 deposit from the government, will allow parents to contribute up to an additional $5,000 per year annually, and will allow employers to contribute up to $2,500 per year, according to the release. The employer’s contribution will not affect the employee’s taxable income, per the release.