Bank of America, JPMorgan Chase to Match $1,000 Contributions to Children’s Accounts

The Wall Street giants joined a growing list of other companies and individuals matching seed money deposits.

Treasury Secretary Scott Bessent speaks during the Trump Accounts summit at the Andrew W. Mellon Auditorium in Washington on Jan. 28, 2026. Madalina Kilroy/The Epoch Times

Bank of America and JPMorgan Chase said on Jan. 28 they would match the U.S. government’s one‑time $1,000 contribution to children’s retirement accounts—also known as Trump Accounts—for eligible employees.

The current administration’s pilot program sets aside a $1,000 Treasury-funded deposit in a tax‑advantaged account for eligible children born in the United States between Jan. 1, 2025, and Dec. 31, 2028.