Bank of America and JPMorgan Chase on Wednesday agreed to match $1,000 contributions to President Donald Trump’s new “Trump accounts.”
Trump accounts include a $1,000 stipend for eligible children born between Jan. 1, 2025, and Dec. 31, 2028. The Trump administration has pitched it as an important pro-natalist move to help families financially. Bank of America and JPMorgan Chase, the two largest U.S. banks by assets, are the latest banks to throw their weight behind the measure.
“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,” JPMorgan Chase CEO Jamie Dimon said in a release. “By matching this contribution, we’re making it easier for
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