Can you move a Trump account to Fidelity, Vanguard or Schwab? Where each firm stands

Every Trump account opens at the same place. You do not open one at a brokerage: you file IRS Form 4547, with a tax return or through your IRS online account, and Treasury creates the account. Treasury designated BNY as its financial agent for the program, and Robinhood is the brokerage and initial trustee.

As of September 22, 2026 (Eastern time):

• No other firm accepts Trump account transfers yet, and none has announced a start date. Robinhood's customer agreement says transfers will be available “as soon as it is administratively possible” to complete them.
• Three firms say on their own sites that they will take transfers: Fidelity, Vanguard and J.P. Morgan, each after Treasury issues guidance. UNest, a children's investing app, says it plans to offer Trump accounts and runs a waitlist.
• Schwab and E*TRADE explain that transfers should become possible but do not say they will accept them. Acorns and Wealthfront say they do not offer Trump accounts, and moomoo offers no IRAs of any kind. Merrill, Ally, Interactive Brokers, Betterment, M1, Public, SoFi and Webull say nothing about holding them on the pages we read.
• A 529 plan or a Roth IRA is not an option before the year your child turns 18. Until then, the only transfer the rules allow is the whole balance into another Trump account for the same child (or, in the year the child turns 17, into an ABLE account).

What the rules allow

IRS Notice 2025-68 sets out how a Trump account can move. A new Trump account at another firm, which the notice calls a rollover Trump account, “must be funded by a trustee-to-trustee transfer of the entire account balance from the individual’s existing Trump account”, a step the notice calls a qualified rollover contribution. It “may be established only after the initial Trump account is created by the Treasury Department or its agent for the account beneficiary and only during the growth period of the account beneficiary.” Because the whole balance moves, “there can only be one funded Trump account for an individual at any time.”

• The growth period is the period “that ends before January 1 of the calendar year in which the account beneficiary attains age 18”. During it, the notice allows only four kinds of payment out of the account: a transfer to another Trump account, a transfer to an ABLE account in the year the child turns 17, a refund of excess contributions, and a payment on the child's death. A 529 plan, a Roth IRA and a regular IRA are not among them.
• After the growth period, the notice says the account follows the rules for traditional IRAs, “such as the rules related to contributions, distributions, required minimum distributions, rollovers, Roth conversions, ordinary income taxation, and reporting”. At Robinhood, the customer agreement keeps the account locked until the child's 18th birthday and then moves it to a Robinhood IRA (see Robinhood).
• Into a Trump account: the official app support center says “529 plans and custodial IRAs cannot be rolled over into a Trump Account.”
• Firms other than Robinhood can hold transferred accounts without being picked by Treasury: “The trustees of rollover Trump accounts are not subject to the selection process of section 530A(g).”

Sources: IRS Notice 2025-68 (PDF) (sections A-3 to A-7, E-1 and E-2); Robinhood, Trump Account Customer Agreement (PDF, listed June 26, 2026) (sections 6.03, 9.01 and 12.01); Trump Account App Support Center, overview.

How an account is opened

The IRS instructions say: “The fastest, safest, and easiest way to make the election(s) is to file Form 4547 with your current-year e-filed tax return.” Since May 28, 2026, the form can also be submitted in an IRS Individual Account. Treasury said that at launch “all contributions to Trump Accounts will be invested in the State Street SPDR Portfolio S&P 500 ETF (SPYM)”, and named four more index ETFs (IVV, VTI, SPTM and ITOT) that parents will be able to choose once it makes that option available.

Sources: IRS, Instructions for Form 4547; IRS, IR-2026-68 (May 28, 2026); U.S. Treasury, Treasury Announces Investment Lineup for Trump Accounts (July 1, 2026).

Firm by firm

Each section quotes what the firm itself publishes and links the page we read.

Acorns

Acorns' article comparing Trump accounts, 529 plans and custodial accounts says: “Acorns does not offer Trump Accounts or 529 plans.” Its product for children, Acorns Early Invest, is a UTMA custodial account.

Source: Acorns, Trump Account vs. 529 vs. Custodial Account.

Ally Invest

Ally's investing help pages (IRAs, opening an account, transfers) and its articles on saving for children do not mention Trump accounts, and the words do not appear in Ally's site maps.

Source: Ally, Invest help: IRAs.

Betterment

None of the 1,692 pages in Betterment's site map is about Trump accounts, and its help page on retirement account types does not mention them.

Source: Betterment, retirement account types.

BNY

BNY runs the program for Treasury, which said “BNY will manage the initial accounts and help develop the new Trump Accounts app”. It does not offer Trump accounts to families.

Sources: U.S. Treasury, Treasury Department Designates BNY as Financial Agent (April 6, 2026); BNY press release, July 6, 2026.

Charles Schwab

Schwab has no Trump account product page. Its July 29, 2026 article answers the question of moving an account to a preferred brokerage: “Eventually, yes. Once the account is established with the Treasury, you should be able to roll it over to another brokerage using a trustee-to-trustee transfer of the entire account balance.” It adds: “However, the rules governing this process are still a work in progress.” The article does not say that Schwab will accept transfers.

Source: Charles Schwab, What to Know About Trump Accounts.

E*TRADE (Morgan Stanley)

E*TRADE's August 13, 2026 article says Treasury has not yet released guidance on the details or timing of transfers, and: “Until then, our understanding is that all Trump Accounts will remain at the initial trustee (Robinhood), through their partnership with the Treasury.” It does not say whether E*TRADE will accept transfers.

Source: E*TRADE, What to Know About Trump Accounts.

Fidelity

Fidelity's Trump account page says: “Pending guidance from the US Treasury, you’ll eventually be able to transfer your Trump Account to Fidelity.” In its comparison table the Trump Account column reads “Coming soon”, and the page offers email updates on “when transfers to Fidelity are available”. Fidelity's June 23, 2026 press release announced “plans to introduce rollover functionality for Trump Accounts”.

Sources: Fidelity, 530A Trump Accounts; Fidelity press release, June 23, 2026.

Interactive Brokers

Interactive Brokers' account guide lists individual, joint, trust, IRA and UGMA/UTMA accounts. Neither it, nor its IRA page, nor its 2026 press releases mention Trump accounts.

Sources: Interactive Brokers, Account Guide; Interactive Brokers, press releases.

J.P. Morgan (Chase)

The Trump account page on chase.com says: “Rollovers to J.P. Morgan are not yet available but will be in the future.” It sends families to trumpaccounts.gov to open the account. The page does not say which kind of J.P. Morgan account would hold a transferred Trump account.

Source: J.P. Morgan, Trump Accounts.

M1

M1's help center lists the account types it supports: individual and joint brokerage accounts, traditional, Roth and SEP IRAs, trust and custodial accounts, a high-yield cash account and crypto. A Trump account is not among them.

Source: M1, frequently asked questions.

Merrill (Bank of America)

We found no statement from Merrill or Bank of America that they will hold Trump accounts or accept transfers. Bank of America's Better Money Habits article sends readers to the official account portal to open an account. We read Merrill's articles on the 2025 tax law at ml.com and merrilledge.com, that article, and the site maps of ml.com, merrilledge.com and Bank of America's newsroom.

Source: Bank of America, Better Money Habits: What Is a Trump Account?.

moomoo

moomoo's US help center says: “Please note, Moomoo Financial Inc. does not offer individual retirement account (IRA) or joint account.” A Trump account is a kind of IRA, so it could not be held there as things stand.

Source: moomoo, account types.

Public

Public's help center says “Public.com offers two types of retirement accounts: a Roth IRA and a Traditional IRA.” and “Public does not offer custodial accounts at this time.” The pages listed in the site maps of public.com and help.public.com do not include one about Trump accounts.

Sources: Public, What retirement accounts does Public offer?; Public, Does Public offer custodial accounts?.

Robinhood

Robinhood Securities, LLC is the trustee of every initial Trump account. Treasury designated BNY as its financial agent for the program and said “BNY has partnered with Robinhood, which will serve as brokerage and initial trustee for Trump Accounts.” Robinhood's customer agreement for Trump accounts names the trustee as “Robinhood Securities, LLC (or its successors in interest or assigns)”. Families manage the account in the official Trump Accounts app, which Treasury calls “a custom, white-label product designed exclusively for Treasury.” In its request to SEC staff, Robinhood described the accounts as having “no associated account-level fees”.

On moving an account out, the agreement says the responsible party “will request a transfer of this Account through the receiving financial institution”, that the trustee “shall not charge a fee to do so”, and that transfers “will only be available as soon as it is administratively possible to complete the transfer and rollover to qualified trustees and custodians.” The official Trump Account app support center lists “Transfer (rollover) to another authorized Trump Account trustee (when available).” In its May 2026 request to SEC staff, Robinhood wrote that the accounts “cannot be transferred to another broker-dealer during the period in which Robinhood acts as the sole broker-dealer and initial trustee.”

The agreement also sets a “Restricted Period” from the end of the growth period until the child turns 18, during which “no rollover will be permitted from this Account”. After that, Robinhood will move the account to a traditional IRA that Robinhood maintains, which the agreement calls a “Successor IRA”. From then on it is an ordinary IRA, and the IRA rules on transfers apply.

Sources: U.S. Treasury, Treasury Department Designates BNY as Financial Agent (April 6, 2026); Robinhood, Trump Account Customer Agreement (PDF, listed June 26, 2026); Trump Account App Support Center, account closure and transfers; SEC staff no-action letter to Robinhood on Form CRS, with Robinhood's request (May 5, 2026, PDF).

SoFi

SoFi's August 4, 2026 article on Trump accounts carries the note “This content may include information about products, features, and/or services that SoFi does not provide and is intended to be educational in nature.” It tells readers to open an account through TrumpAccounts.gov or with IRS Form 4547. We found no SoFi statement about accepting transfers.

Source: SoFi, Trump Accounts for Kids.

UNest

UNest's Trump account page says “UNest plans to offer these accounts so families can add another tax advantaged way to invest for kids.” It invites families to join a waitlist, and still reads “Launching July 2026”. Because every account starts at Robinhood, a firm like UNest could hold only transferred accounts, and transfers have not started.

Source: UNest, 530A Trump Accounts for Kids.

Vanguard

Vanguard's July 1, 2026 press release says: “Upon receiving guidance from Treasury, Vanguard intends to support Trump Account rollovers.” The same release announced that Treasury “selected Vanguard Total Stock Market ETF (VTI) as an alternate investment option for Trump Accounts.” That makes VTI one of the funds Treasury picked for the accounts; it does not mean Vanguard holds Trump accounts.

Source: Vanguard press release, July 1, 2026.

Wealthfront

Wealthfront's post introducing its custodial accounts says: “Section 530A Accounts (Trump Accounts) are not available through Wealthfront.” It adds that they are offered by the US Department of the Treasury through its designated financial agents.

Source: Wealthfront, Introducing Wealthfront Custodial Accounts.

Webull

Webull's site maps, including 348 help articles, 1,005 learning pages and 147 blog posts, have no page about Trump accounts, and its custodial account and rollover FAQs do not mention them.

Sources: Webull, Custodial Accounts FAQ; Webull, General Rollover Questions.

Employer contributions are a different thing

Several of these firms have announced money for Trump accounts of their own employees' children. Schwab said it “will match the U.S. government’s one-time $1,000 contribution to eligible newborn children of Schwab’s U.S. employees”, and Vanguard lets its employees “direct their $1,500 as an employer contribution to an eligible Trump Account”. These are employee benefits paid into the account wherever it is held. They do not mean the firm holds Trump accounts, and several websites that list providers of Trump accounts mix the two up.

Sources: Charles Schwab press release, December 23, 2025; Vanguard, corporate support for Trump Accounts.

How we checked

• Each firm's status was read on September 22, 2026 (Eastern time) from the firm's own product pages, help pages, articles and press releases. We did not use other websites' lists.
• Where a firm says nothing, we name the pages we read. A firm can announce a plan at any time; that is why this page carries a date and a change log.
• The rules come from IRS Notice 2025-68, the IRS instructions for Form 4547, Treasury's press releases and Robinhood's customer agreement for Trump accounts. Proposed regulations published in 2026 are not final, and we do not rely on them.

What this page does not cover

• Whether moving an account would be worth it for your family. We report what each firm says, not which to use.
• State taxes. Some states do not follow the federal treatment; see our state-by-state table, and our calculator for how a Trump account compares with a 529, a Roth IRA and a custodial account in your state.

Rechecks and changes

We will recheck every firm at least once a month, and as soon as Treasury or the IRS issues guidance on transfers. Every change will be listed here with its date. If a status is wrong, tell us.

• September 22, 2026. First published.

This page reports what firms and government agencies publish about Trump accounts. It is not a recommendation of any firm or account, and it is not financial or tax advice. We have no business relationship with any firm on this page.