JPMorgan joins the list of companies matching $1,000 contributions to employee 'Trump accounts'

"The bank announced on Wednesday that it will match the government's one-time $1,000 contribution to investment accounts for newborns, known as "Trump Accounts," for the children of its employees. The announcement coincides with a "Trump Accounts Summit," where President Donald Trump and Treasury Secretary Scott Bessent are speaking. It also comes justone week after the president sued JPMorgan and its CEO, Jamie Dimon, for $5 billion over allegations of politically motivated debanking. A source familiar with the bank's plans said that the firm has been planning the contributions since Trump Accounts were announced in June."

"Through the program, the Treasury-funded accounts are available to every American citizen born between January 1, 2025, and December 31, 2028. Parents can contribute up to $5,000 a year, and the program will start on July 4, 2026. JPMorgan employs more than 190,000 people in the United States alone, Dimon said in a press release about the announcement. "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," he said in the release."

"Earlier this year, the bank gave eligible employees earning less than $80,000 a year a $1,000 grant, depositing the money into US workers' 401(k) accounts, according to the press release. JPMorgan joins a list of companies that have committed to matching their employees' $1,000 contributions to Trump Accounts for their children, including BlackRock and Charles Schwab."

JPMorgan will match the government's one-time $1,000 contribution to Treasury-funded "Trump Accounts" for newborn children of its U.S. employees, becoming one of several firms to pledge such support. The program covers American citizens born between January 1, 2025, and December 31, 2028, permits parental contributions up to $5,000 annually, and begins July 4, 2026. The bank's commitment coincides with a Trump Accounts Summit and follows a recent lawsuit from the president against JPMorgan and CEO Jamie Dimon. The bank previously deposited $1,000 grants into 401(k) accounts for employees earning under $80,000.

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