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Rewards-to-Savings Trump Accounts Rely on Interchange and Credit Cards
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Visa, JPMorgan Chase and Bank of America are among the companies that will support Trump Accounts.
Set to be launched this year, Trump Accounts will be tax-advantaged investment accounts for U.S. citizens under the age of 18, according to a U.S. government website about the program.
“JPMorgan Chase and Bank of America to match $1,000 U.S. contributions to employee ‘Trump accounts,’” the White House Rapid Response account said in a Wednesday post on X, sharing a link to a CNBC report.
“We plan to include these accounts in our benefits package for U.S. employees when they become available,” the company said in the post.
Advertisement: Scroll to ContinueBloomberg reported that Wednesday’s announcements from Visa, JPMorgan Chase, Bank of America and others were made at an event promoting the new accounts.