Confirm the exact account type you mean, since “Trump account” is not a standard banking or investment term
If you mean a custodial account for a baby, choose the account type you want, such as a UTMA/UGMA, 529 plan, or custodial brokerage account
Select a bank, credit union, or brokerage that offers accounts for minors
Gather the baby’s information, including full legal name, date of birth, Social Security number, and address
Gather the parent or guardian’s information, including government-issued ID, Social Security number, and contact details
Decide who will be the custodian or guardian on the account
Complete the application online or in person
Provide the required documents and identification
Fund the account with the minimum opening deposit, if required
Review the account terms, ownership rules, and withdrawal restrictions
Keep the account records and monitor statements regularly
If you meant a specific “Trump account” product, contact the provider directly to confirm eligibility and opening steps