Chime Makes New Trump Accounts More Accessible for Working Families This Tax Season

At Chime, we focus on helping everyday Americans build long-term financial security, especially those unhappy with traditional financial systems. Making it easier to enroll in a Trump Account while filing taxes reflects that focus by meeting families where they already are, at a moment that matters.

Helping more Americans build long-term financial security is central to our mission as a company, and we see Trump Accounts as a meaningful opportunity to help millions of families begin investing in their children’s futures. Chime is proud to be an early and enthusiastic supporter of these new investment accounts, working to expand access, deepen understanding, and help it succeed at scale. To further support this effort, Chime recently submitted a comment letter to the U.S. Treasury and IRS focused on highlighting our readiness to work with the Administration to expand access to Trump Accounts for everyday families.

As further evidence of our belief in this program’s potential, Chime has committed to matching the government’s $1,000 contribution for every eligible child of a Chime employee.

Tax season is a key financial inflection point for millions of families. By integrating Trump Account enrollment into the filing experience for our members, Chime is helping expand access to long-term investing through infrastructure that meets people where they are.

It’s a practical, timely step that reflects our belief that long-term investing should be easier to start, earlier in life, and accessible to more families.

Trump Accounts are a new government investment program with tax benefits, available for children under 18. Launching in July 2026 and administered by the U.S. Department of the Treasury, they are structured like a traditional IRA and designed to help families start building wealth early to relieve the stress of future life expenses like education, a first home, or starting a business.

Any child who is a U.S. citizen under the age of 18 with a valid Social Security number and has not yet had a Trump Account opened for them is eligible to open and invest in a Trump Account. As part of a pilot program, eligible children born between 2025 and 2028 may qualify for a one-time $1,000 government contribution. Refer to trumpaccounts.gov/ for detailed eligibility requirements.

About the $1,000 seed contribution:

• The one-time $1,000 deposit is paid by the U.S. Treasury, not Chime.
• It is not part of a tax refund.
• It is expected to be issued in summer 2026 and goes directly into a child’s Trump Account, not a member’s Chime account.

Families can enroll in a Trump Account in two ways:

1. During tax filing: Enrollment begins by submitting IRS Form 4547, which can be completed as part of the tax filing process. Families may elect to open a Trump Account for an eligible dependent while filing their taxes by opting in through Form 4547.

For Chime members filing through the Chime app, Form 4547 is integrated directly into the in-app tax filing experience, so no separate paperwork is required.

2. Through the online portal: Beginning in summer 2026, families will also be able to open an account through an online portal at TrumpAccounts.gov. Once the Trump Account program launches in summer 2026, a child’s account can begin accepting contributions.

Trump Accounts officially launch on July 4, 2026.

Yes. Eligible members filing through the Chime app can submit the required enrollment form as part of their tax filing process. This program aligns with Chime’s mission to expand access to financial tools that support long-term financial progress.

Form 4547 is the IRS form required to enroll in a Trump Account. It captures basic information about the eligible child and can be submitted during the tax filing process.

Three quarters of Americans make under $100,000 a year², but many traditional financial systems aren’t designed to help them. Chime’s mission is to unite everyday people to unlock their financial progress, and we see Trump Accounts as an opportunity to help millions of our members start investing on behalf of their children.

Structured similarly to a traditional IRA, Trump Accounts are designed to provide families with a tax-advantaged way to set aside and invest funds for a child’s future. Funds may be used for qualified expenses such as education, the purchase of a first home, or starting a business, subject to Trump Account rules.

As part of a pilot program, children born between January 1, 2025, and December 31, 2028, may be eligible for a one-time $1,000 contribution from the U.S. Treasury.

Like other long-term investment accounts, balances have the potential to grow over time depending on contribution levels, investment selections, fees, and market performance. For example, consistent annual contributions—such as $250 per year in addition to the initial $1,000 contribution—could result in significant account growth over time. Actual outcomes will vary, values may increase or decrease depending on market conditions, and are not guaranteed.

No. There is no cost to submit IRS form 4547 or to open a Trump Account, and no family contribution is required to receive the initial $1,000 government deposit, if eligible. Ongoing investment related fees, if any, will be determined by the program administrator.

Yes. As part of an internal employee benefit program, Chime will match $1,000 for each eligible child of a Chime employee born between 2025 and 2028 who opens a Trump Account.