Chime CEO says hundreds of thousands of its members are setting up Trump accounts as it pushes into investing
Key takeaways
- Trump Accounts are custodial-style traditional IRAs for children under 18, owned by the child but administered by a parent or guardian.
- US citizen children born between 2025 and 2028 are eligible for a $1,000 seed contribution directly from the US Treasury.
- The accounts officially debut on July 4, coinciding with the 250th anniversary of the United States.
Chime CEO says hundreds of thousands of its members are setting up Trump accounts as it pushes into investing Brian Sozzi · Executive Editor Mon, June 1, 2026 at 11:11 PM GMT+7 3 min read CHYM ^GSPC Chime Financial (CHYM) founder and CEO Christopher Britt is locked in on becoming a major player in the Trump Account game.
The analysis: “The Treasury Secretary announced this weekend that there have now been 6 million signups for Trump Accounts … We also know through surveys that we have hundreds of thousands of our members have already begun the process to set up the Trump Accounts,” Britt said on Yahoo Finance’s Opening Bid (video above).
Trump Accounts are custodial-style traditional IRAs for children under 18, owned by the child but administered by a parent or guardian. Investments are limited to low-cost index funds and ETFs tracking broad US equity indexes like the S&P 500. There are no withdrawals permitted before age 18.