This Privacy Policy describes how Trump Accounts, accessible through TrumpAccounts.gov (and its operational domain trumpaccounts-gov.online) and any associated mobile applications or login portals (collectively, the “Service”), collects, uses, and shares information about you and your child. Trump Accounts is a new U.S. government-backed investment savings program designed to help children build long-term financial security. By using our Service, you agree to the collection and use of information in accordance with this policy.
Who We Are
Trump Accounts is a program established by the U.S. government. While the operational website for this policy may be trumpaccounts-gov.online, the official program is “Trump Accounts” and adheres to U.S. government privacy standards and regulations.
Information We Collect
To administer the Trump Accounts program and provide its services, we collect various types of information, including personal data, financial information, and usage data.
Information You Provide to Us
- Identification and Contact Information: For parents/guardians: Name, address, phone number, email address, Social Security Number (SSN) or Taxpayer Identification Number (TIN), date of birth, government-issued ID details. For children: Name, date of birth, SSN/TIN (required for account establishment).
- Financial Information: Bank account details (for contributions and withdrawals), investment preferences, contribution history, and other financial details required to establish and manage an investment account.
- Account Credentials: Usernames, passwords, and security questions for accessing the Service.
- Communication Data: Information you provide when you contact us for support, inquiries, or feedback.
Information Collected Automatically
When you access or use our Service, we may automatically collect certain information about your device and usage patterns.
- Device and Usage Information: IP address, browser type, operating system, device identifiers, referring URLs, pages viewed, time spent on pages, and other interaction data with the Service.
- Location Information: General geographic location derived from your IP address.
Information from Third Parties
We may receive information from third parties, such as government agencies (e.g., to verify eligibility for the $1,000 government-funded deposit), financial institutions (e.g., custodians for investment accounts), or identity verification services, to facilitate the program and ensure compliance with legal and regulatory requirements.
How We Use Your Information
We use the information we collect for the following purposes:
- Program Administration: To establish, maintain, and manage Trump Accounts for eligible children, including processing government-funded starting deposits for children born between 2025 and 2028, and parent/guardian contributions.
- Account Management: To allow parents/guardians to access, monitor, and manage the investment accounts, view statements, and initiate transactions.
- Verification and Eligibility: To verify the identity and eligibility of parents/guardians and children for the program.
- Communication: To send important notices, updates, account statements, and respond to your inquiries.
- Security and Fraud Prevention: To protect against unauthorized access, fraud, and other illegal activities.
- Compliance: To comply with applicable laws, regulations, and government reporting obligations.
- Service Improvement: To analyze usage patterns, troubleshoot technical issues, and improve the functionality and user experience of the Service.
- Research and Analysis: For internal research, analytics, and reporting related to the program’s effectiveness and reach (always in an aggregated and anonymized form where possible).
How We Share Your Information
We are committed to protecting your and your child’s privacy. We will not sell or rent your personal information to third parties. We may share information in the following limited circumstances:
- Government Agencies: With relevant U.S. government agencies responsible for the oversight, funding, or administration of the Trump Accounts program, or as required by law.
- Financial Institutions and Service Providers: With third-party service providers and financial institutions (e.g., custodians, investment managers for low-cost stock market index funds, identity verification services, payment processors) who perform services on our behalf and are contractually bound to protect your information and use it only for the purposes for which we disclose it to them.
- Legal Requirements: When required by law, court order, or governmental regulation, or if we believe such action is necessary to comply with legal processes or protect our rights, property, or safety, or that of our users or the public.
- Aggregated or Anonymized Data: We may share aggregated or anonymized data that does not directly identify you or your child for research, analytical, or reporting purposes.
Cookies and Tracking Technologies
Our Service uses “cookies” and similar tracking technologies (like web beacons and pixels) to enhance your experience and collect information about how you use the Service.
- What are Cookies? Cookies are small text files placed on your device by a web server.
- How We Use Them:
- Essential Cookies: Necessary for the operation of the Service, enabling core functions like security, network management, and accessibility.
- Analytical/Performance Cookies: Allow us to recognize and count the number of visitors and see how visitors move around our Service, helping us improve its functionality.
- Functionality Cookies: Used to recognize you when you return to our Service, enabling us to personalize content and remember your preferences.
- Your Choices: Most web browsers are set to accept cookies by default. You can usually modify your browser setting to decline cookies or alert you when cookies are being sent. However, disabling cookies may impact the functionality and features of the Service.
Data Security
We implement robust administrative, technical, and physical safeguards designed to protect your personal information from unauthorized access, use, alteration, and disclosure. These measures include encryption, access controls, secure networks, and regular security assessments. However, no method of transmission over the Internet or electronic storage is 100% secure, and we cannot guarantee absolute security.
Children’s Privacy
The Trump Accounts program is specifically designed for children, but accounts are established and managed by their parents or legal guardians until the child turns 18. We do not knowingly collect personal information directly from children under 13 without verifiable parental consent. All personal information pertaining to children within the Service is provided by and managed by their parents or legal guardians. Parents/guardians are responsible for the information they provide about their children and for managing their child’s account.
Your Rights
As a user of the Trump Accounts Service, you have certain rights regarding your personal information, subject to applicable laws and regulations:
- Access and Correction: You have the right to access and update your personal information and your child’s personal information stored within the Service. You can typically do this through your account settings or by contacting us.
- Data Portability: You may have the right to request a copy of the personal information you have provided to us in a structured, commonly used, and machine-readable format.
- Deletion: You may have the right to request the deletion of your personal information, though this right is subject to legal and regulatory retention requirements, especially for financial accounts managed by government programs.
- Withdraw Consent: Where we rely on your consent to process your information, you have the right to withdraw that consent at any time.
To exercise any of these rights, please contact us at [email protected]. We may require you to verify your identity before processing your request.
Changes to This Privacy Policy
We may update this Privacy Policy from time to time to reflect changes in our practices, technology, legal requirements, or other factors. We will notify you of any material changes by posting the new Privacy Policy on this page and updating the “Last Updated” date. We encourage you to review this Privacy Policy periodically for any changes.
Contact Us
If you have any questions or concerns about this Privacy Policy or our data practices, please contact us at:
Email: [email protected]
Last Updated: October 26, 2023