JPMorgan and Bank of America will match the $1,000 federal deposit into "Trump Accounts" for eligible children born 2025–2028, launching July 4, 2026.

Bank of America and JPMorgan Chase declared they would match the U.S. For qualified employees' children born between 2025 and 2028, the government will initially contribute $1,000 to "Trump Accounts." Established under the One Big Beautiful Bill Act, the accounts grow tax-deferred until the age of 18 and start with a federal deposit invested in inexpensive stock index funds. Families can contribute up to $5,000 annually, and employers can contribute up to $2,500. Visa is investigating a feature that would enable these accounts to receive credit card rewards. Major financial firms and private donors have backed the program, which is scheduled to launch on July 4, 2026; however, detractors contend that it may primarily benefit wealthier families and worsen inequality.