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

February 13, 2026
Chime Makes New Trump Accounts More Accessible for Working Families This Tax Season
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Chime Makes New Trump Accounts More Accessible for Working Families This Tax Season

Millions of Americans with the option of filing taxes through Chime® this tax season will have the ability to open a new, government-authorized investment account for eligible children. (see disclosure 1) Administered by the U.S. Department of the Treasury, Trump Accounts are long-term, government-supported investment accounts for children focused on building wealth over time. When members file their taxes through the Chime app and claim an eligible dependent, they're guided through a short set of questions to complete IRS Form 4547 as part of the filing process, without separate paperwork or filing fees.

Offering this enrollment option as part of Chime's hosted 100% fee-free tax filing experience available to all 9+ million Chime members is yet another step we are taking to advance our mission to help more hardworking Americans unlock financial progress. Opening a Trump Account through this process will help families take an early step toward their children's financial futures, without requiring any separate paperwork at the time of tax filing.

Launching in July 2026, Trump Accounts are designed to support long-term goals such as education, a first home, or starting a business, using a structure similar to a traditional IRA. 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. (see disclosure 1)

Extending Financial Progress to the Next Generation

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.

Turning Tax Season Into a Moment for Long-Term Financial Progress

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.

FAQs: Trump Accounts and Chime

What are Trump Accounts?

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.

Who is eligible for a Trump Account?

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.

How can families enroll in a Trump 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.

When do Trump Accounts launch?

Trump Accounts officially launch on July 4, 2026.

Does Chime support Trump Accounts?

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.

What is Form 4547?

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.

Why is Chime participating in the Trump Account program?

Three quarters of Americans make under $100,000 a year (see disclosure 2) , 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.

How do Trump Accounts unlock financial progress?

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.

Is there a cost to open a Trump Account?

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.

Will Chime match contributions for Chime employees?

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.

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FAQs

Is ChimeⓇ a bank?

Chime is not a bank. Chime is a financial technology company that partners with The Bancorp Bank,

N.A. and Stride Bank, N.A. to offer banking products like checking and savings accounts. Learn more in Chime's guide to no-fee checking accounts.

How many members does Chime have?

Chime serves millions of Americans. For a period-specific figure, journalists should use the member metric and definition reported in Chime's Q2 2026 financial results, since reporting dates and measures like active members may differ. Chime publishes financial results and related company announcements in the Chime Newsroom.

Does Chime offer financial planning tools for budgeting, saving, and investing?

Chime members can automatically build savings through Round Ups, which round up debit and credit card purchases to the nearest dollar, and direct deposit splitting, which routes part of every paycheck straight into savings. (see disclosure 3) Chime InvestTM adds fee-free investment management for Chime PrimeTM members with no advisory fees (see disclosure 4) , no commission fees (see disclosure 5) , and no subscription fees required. Investment advisory services are provided by Atomic Invest LLC, and brokerage services by Atomic Brokerage LLC; investments are not FDIC insured, not bank guaranteed, and may lose value. (see disclosure 6)

These are self-directed financial tools rather than individualized financial planning, tax, or investment advice, and feature availability may depend on a member's account or membership tier.

Does Chime have a credit card?

Chime offers the secured Chime Visa® Credit Card, designed to help eligible members build credit (see disclosure 7) . It carries no annual fee, no interest (see disclosure 8) , and no hard credit check to apply. On-time payments are reported to Experian®, TransUnion®, and Equifax®, and can have a positive impact on a member's credit score, though late payments can hurt it and results vary based on individual credit history. (see disclosure 9)

Does Chime give cash back, and how does Chime cash back work?

Yes. Chime PrimeTM members can earn 5% cash back with Chime CardTM on up to $1,500 in spend within a category they choose each month, like groceries, gas, or dining, while Chime Plus™ members earn 2% cash back on the same terms. (see disclosure 10) Cash back is only earned on transactions that meet the applicable offer terms, and rates, categories, limits, and posting times may vary by offer and membership tier.

What is Chime PrimeTM?

Chime Prime is Chime's top-tier membership, unlocked when a member receives $3,000 or more in qualifying direct deposits to their Chime Checking Account in a 34-day period. (see disclosure 11) Chime Prime members get 5% cash back (see disclosure 10) on a monthly chosen spending category, 3.75% APY (see disclosure 12) on savings, and premium travel perks with Chime Card including a complimentary Priority Pass® membership, luxury hotel benefits, and access to the Visa Signature® Concierge, all with no monthly fees or subscription costs.

Learn more on Chime's membership tiers page.

Does Chime have rewards, and what rewards does it offer?

Yes. With qualifying direct deposits, members earn 5% cash back as a Chime Prime™ member or 2% cash back as a Chime Plus™ member on up to $1,500 of eligible Chime Card™ purchases in a category they choose monthly. (see disclosure 10) Chime Prime members also earn 3.75% APY (see disclosure 12) on savings, while Chime Plus members earn 2.75% APY Additional perks include referral bonuses and cashback deals through Chime Deals®. (see disclosure 13)

What is Chime InvestTM?

Chime Invest is Chime's commission-free investing feature, giving Chime PrimeTM members a way to invest alongside their everyday checking and savings accounts with no advisory fees (see disclosure 14) , no commission fees (see disclosure 5) , and no subscription fees. Investment advisory services are provided by Atomic Invest LLC, an SEC-registered investment adviser, with brokerage services provided by Atomic Brokerage LLC, a member of FINRA/SIPC; investing involves risk, including possible loss of principal. (see disclosure 6)

Does Chime help with taxes, and how can I get my tax refund faster?

Chime members can file taxes for free (see disclosure 15) through the Chime app, and a federal tax refund sent by direct deposit can arrive up to 5 days early. (see disclosure 16) Chime doesn't provide tax advice, so members should check with a tax professional for guidance specific to their situation. (see disclosure 17)