Individual Contributions
Any adult can put money into the account, up to $5,000 total per year
530A (Trump) Account Rollovers
Count on our proven technology to handle most of the heavy lifting for you. Apex has built the 530A (Trump) Account infrastructure and we’re ready to support rollovers to Apex clients as soon as we receive government guidance on timing.
Add Embedded Financial Education From Zogo
Prepare now to accept 530A (Trump) Account rollovers by signing up for our waitlist and offering your clients financial and investing education from Zogo. Although not required, the Trump Account lessons will include details on how to initiate a rollover, which can help your investors understand the process, and are available at no cost to Apex clients.
Available to embed into your platform or app from our Integration Marketplace, Zogo provides:
- New lessons specifically about 530A (Trump) Accounts, which are free for Apex clients to offer
- 2,000+ bite-sized lessons for new investors, covering everything from investing basics to saving for major life events
- Gamified lessons with incentives that help make learning more fun
Learn Trump Account Basics
Keep scrolling to learn what we know so far — or use these links to jump to specific sections.
Interested in Accepting Trump Account Rollovers?
Why You Should Care About Trump Account Transfers
How to Open a 530A (Trump) Account
Who Can Contribute Funds to Trump Accounts?
Interested in Accepting Trump Account Rollovers?
Millions of families have already registered to open Trump Accounts — and we expect that many will be looking to roll over to trusted businesses like yours. Apex is here to help simplify the process with:
- Transfer infrastructure and ACAT processing
- Integrated Zogo financial education for young investors
If you’re an Apex client, reach out to your relationship manager.
If you’re not an Apex client, start a conversation with an Apex sales rep.
Why You Should Care About 530A (Trump) Account Transfers
As of early April 2026, over four million children have already been registered for Trump Accounts, with more than one million confirmed to receive the Treasury’s $1,000 pilot contribution.* And millions more are expected as this program gains traction. Many wealth businesses would like to serve these accounts.
That’s why Apex will be providing the transfer technology, support for 530A (Trump) Accounts, and embeddable end-investor education. When your business is positioned to support transferred Trump Accounts, you can potentially:
Establish Earlier Client Relationships
Serve families when children are young and grow with them over time
Build Multi-Generational Engagement
Strengthen loyalty by supporting parents or guardians who manage Trump Accounts until the child turns 18
Capture New AUM From Pilot Contributions
Some children are eligible for a $1,000 Pilot Contribution (see below for details) funded by the government
Note that neither Apex nor your firm can originate Trump Accounts, but you can accept rollovers from Robinhood and BNY. Apex will handle the mechanics and custody so you can focus on serving your clients.
* IRS.gov. “4 million children have been signed up for Trump Accounts with 1 million claiming the $1,000 pilot program contribution.” March 31, 2026. https://www.irs.gov/newsroom/4-million-children-have-been-signed-up-for-trump-accounts-with-1-million-claiming-the-1000-pilot-program-contribution#:~:text=4%20million%20children%20have%20been,Here’s%20how%20you%20know
What Are Trump Accounts?
Trump Accounts are IRA variants, known as 530A accounts, that are designed for children under 18 and created by federal law in 2025.
These accounts are intended for U.S. citizens under 18 with an Social Security Number.
Parents or guardians can initiate the process by filing IRS Form 4547 or by visiting trumpaccounts.gov. Parents establish and manage these accounts until the child turns 18, but the child owns the assets.
A child must meet all of the following criteria to be eligible:
- Born January 1, 2025 through December 31, 2028
- Be a U.S. citizen
- Have a valid Social Security Number issued before the account request is made
- Is a “qualifying child” under IRS Section 152(c) of the person making the election
- No prior pilot program election has been made and processed for that child
Funds must be invested in low-cost (≤0.10% fees) mutual funds or ETFs tracking broad U.S. equity indices. We are actively engaged with the government to ensure alignment with the laws and rules, so you can count on us to provide the necessary guardrails.
Funds are generally locked until the year the beneficiary turns 18, when they can be used for qualified expenses including education, first-time home purchases, or starting a business. Early withdrawals may be subject to ordinary income tax on earnings.
Parents or guardians’ employers can contribute directly or via payroll deduction.
Probably not. We anticipate that investors will initially need to open the account with the IRS (via form 4547 that sends the data to BNY and Robinhood), but our correspondent clients will not have to establish additional relationships. We also expect that the transfer process will be very similar to how we handle other rollovers today.
We plan to set up a workflow that allows investors to add their information directly, and Apex will handle most of the rollover process. Our clients will also have access to Zogo modules they can provide to end investors, which are designed to educate them on the process and walk them through the steps required to rollover their accounts.
How to Open a 530A (Trump) Account
Unlike other IRA accounts, 530A (Trump) Accounts must be opened through the IRS because federal law structures the $1,000 pilot contribution as a tax refund that the IRS processes and verifies to ensure eligibility and prevent fraud. Here’s how it works:
- Parent or guardian makes election via IRS Form 4547 or by visiting the Trump Accounts website
- IRS processes election and sends approved forms to BNY Mellon and Robinhood, the initial operational administrator and trustee, respectively
- Treasury opens initial account through BNY Mellon and Robinhood — we expect this process to begin on July 5, 2026
- Government deposits $1,000 into eligible children’s accounts, if applicable
- Rollover to other qualified trustees is expected becomes available; current guidance says the account must be funded (from any source, including the government) before it’s eligible to be transferred
Who Can Contribute Funds to Trump Accounts?
Money can come from different places — parents, family members, employers, and even non-profits. Each source has its own rules.
The yearly contribution limit is $5,000 per child:
- Two exceptions that DO NOT count toward the yearly cap:
- The government’s $1,000 Pilot Program Contribution
- Charitable and other government-sourced contributions
- All other contributions from different sources (listed below) count toward the limit
Employer Contributions
Employers can contribute up to $2,500 per year for each employee (may be split between multiple children), before taxes
Employee Paycheck Contributions
Through a workplace benefits plan, employees can have part of their paycheck go directly into a child's Trump Account
What Are the Trump Account Withdrawal Rules?
Trump Accounts are meant for long-term investing. These funds are designed to help with big life moments when the child becomes an adult.
- As a general rule, money can’t be taken out of a Trump Account until January 1 of the year the child turns 18
- There are a few exceptions, such as moving money into an ABLE (529A) account for a child with a qualifying disability
- Keep good records of where contributions came from — this information can affect taxes later
- Starting on January 1 of the year the child turns 18, they can take money out for specific expenses without paying a penalty (see below)
- Because Trump Accounts are technically retirement accounts, taking money out before age 59½ usually means paying a 10% penalty plus taxes — unless withdrawn for qualified expenses
Penalty-Free, Qualified Trump Account Expenses Include:
- Education Expenses: Tuition, fees, books, and other school expenses
- First Home: Up to $10,000 (lifetime limit) toward buying a first home
- Certain Medical and Disability Expenses
- Starting a Business: Certain costs for starting a small business or farm
- Major Life Events: Costs for having or adopting a baby, or recovering from a federally declared disaster
On January 1 of the calendar year a child turns 18, the Trump Account behaves as a traditional IRA for the remainder of the life of the account. At that point, 530A (Trump) Accounts will then follow similar rules for withdrawals as traditional IRAs, with exceptions for qualified expenses listed above. For eligible account holders, the 530A (Trump) Account can also be rolled into an ABLE (529A) Account in the calendar year the child turns 17.
- Withdrawals before the age of 59½ are generally subject to a 10 percent early withdrawal penalty
- Certain exceptions to this penalty are listed above; these withdrawals are taxable as income but do not incur the early withdrawal penalty
What Do We Know About Rollovers Today?
- Entire balance of account must be transferred; no partial transfers are allowed because a child may only have one 530A (Trump) Account
- The delivering broker (most likely Robinhood and BNY Mellon) will forward any residual amounts (such as dividends) that hit the account for 180 days (or longer, at their discretion) after the transfer date
Apex is still working with the administration to confirm:
- Exactly when investors may begin transferring accounts into Apex’s ecosystem
- Additional details around eligible investment options
- Any other requirements to support 530A (Trump) Account rollovers
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