Guide
Can I move a 530A account to another broker?
Last checked October 8, 2026
The short answer
Not yet. The law allows a 530A account to move to another provider,1 but Fidelity, Vanguard and Chase each say they cannot accept transfers yet, and none gives a date.2,3,4 For now, accounts opened through the government stay where Treasury put them.
Where accounts are held now
Treasury named BNY as its financial agent for the program, working with Robinhood as the brokerage and initial trustee.5 Robinhood describes itself as the sole initial trustee.6
All contributions go into one default fund, an S&P 500 exchange-traded fund from State Street with the ticker SPYM. Treasury has named four more index funds and said the ability to choose among them would be added later.7 Treasury says there is no cost to open an account.8
What the law allows
- The whole balance must move, directly from one trustee to the other, into a 530A account for the same child.1
- A transfer like this is available only during childhood, through December 31 of the year the child turns 17.9
- A child can have only one funded 530A account at a time, so a transfer moves the account. It does not split it.9
What the firms say
| Firm | Its position |
|---|---|
| Fidelity | Transfers to Fidelity will come later, pending guidance from Treasury. No date.2 |
| Vanguard | Intends to support rollovers once it has guidance from Treasury. No date.3 |
| Chase (J.P. Morgan) | Rollovers are not yet available. No date.4 |
We read each firm’s own page on October 8, 2026. This list is not complete, and it will go out of date as firms open up.
Fees to watch for
The law caps a fund’s yearly fees and expenses at 0.1% during childhood.1 Proposed rules say that cap does not cover fees charged by the company holding the account, and ask for comments on whether such fees should be banned.10 Those rules are not final, and no private provider has published its fees.
After 18
Once childhood ends, the account can be rolled over to another IRA under the ordinary IRA rules.9 See what happens at 18.
Sources
- 26 U.S.C. § 530A, Trump accounts (Cornell Legal Information Institute)
- Fidelity, Trump Accounts page (read October 8, 2026)
- Vanguard press release, July 1, 2026
- Chase, Trump Accounts page (read October 8, 2026)
- U.S. Treasury press release, April 6, 2026: BNY designated financial agent
- Robinhood newsroom, July 6, 2026: Trump Accounts officially launch
- U.S. Treasury press release, July 1, 2026: investment lineup
- U.S. Treasury press release, July 4, 2026: official launch
- IRS Notice 2025-68, in Internal Revenue Bulletin 2025-52 (December 2025)
- Proposed regulations on eligible investments (Federal Register, August 21, 2026)
Last checked October 8, 2026. The rules for these accounts are still being written, so check the sources before acting.