JPMorgan Chase announced Wednesday that it will match the government’s $1,000 contribution to proposed “Trump accounts” for the children of its American employees.

The bank said it will deposit an additional $1,000 into Trump accounts for children born to eligible employees between Jan. 1, 2025, and Dec. 31, 2028.

The company said the of the Trump administration The program is designed to promote early saving and investing for children.

“JPMorgan Chase has demonstrated a long-term commitment to the financial health and well-being of all of our employees and their families around the world, including more than 190,000 here in the United States,” Jamie Dimon, chairman and CEO of JPMorgan Chase, said in a statement. “By matching this contribution, we’re making it easier for them to start saving early, invest wisely and plan for their family’s financial future.”

HOW TO KNOW IF YOUR CHILD QUALIFIES FOR A TRUMP ACCOUNT: “A FINANCIAL BET ON THE FUTURE”

JPMorgan Chase CEO Jamie Dimon announced that the bank will match the $1,000 contribution from the federal government’s Trump accounts for children of eligible employees. (Eva Marie Uzcategui/Bloomberg via Getty Images/Getty Images)

Trump’s accounts were included in the One Big Beautiful Bill last year as an initiative to provide newborns with a government-backed savings program and are scheduled to officially launch on July 4, 2026.

Under the program, accounts funded with $1,000 from the U.S. Treasury will be available to all American children born between January 1, 2025 and December 31, 2028. Accounts can be established by an authorized adult, including a parent, guardian, adult sibling or grandparent, as long as the child has a valid Social Security number.

Without any additional contributions, a child’s account is estimated to be worth about $5,800 at age 18 and about $200,000 at age 55.

With annual contributions of $5,000, the account could grow to $304,000 by the time the child turns 18 and about $2.7 million by age 55.

BANK OF AMERICA TO HELP GOVERNMENT DEPOSITS $1,000 FOR TRUMP ACCOUNTS

President Donald Trump speaks during the Trump Accounts Launch Summit in Washington, DC, Wednesday, Jan. 28, 2026. (Valerie Plesch/Bloomberg via Getty Images/Getty Images)

president donald trump celebrated the launch of Trump’s accounts on Wednesday, while urging employers across the country to help their workers’ children build savings.

“I’m officially calling on every business owner across America to follow the example of many of these amazing companies and make matching contributions to the Trump account to benefit the American worker, and they will benefit the American worker greatly,” the president said at an event Wednesday.

Several major companies have already backed the initiative, including Bank of America, which plans to contribute $1,000 to the children of eligible employees of its approximately 165,000 US workers.

Steak ‘n Shake, the Indianapolis-based fast food chain, as well announced plans to contribute $1,000 in Trump accounts for the children of his employees.

Treasury Secretary Scott Bessent speaks during the Trump Accounts Launch Summit in Washington, DC on January 28. (Valerie Plesch/Bloomberg via Getty Images/Getty Images)

Turning Point USA and Turning Point Action, nonprofits founded by the late Charlie Kirk, will match the federal government’s $1,000 contribution to the Trump accounts for newborns of eligible employees. CEO Erika Kirk said Wednesday that the groups will honor her late husband through a company-sponsored dollar-for-dollar match.

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Fox News Digital’s Rachel Wolf, Louis Casiano and Alexandra Koch contributed to this report.