Chime Joins Firms Matching Worker ‘Trump Account’ Contributions

Chime Financial Inc. will match the US government’s contributions to investment accounts for children of the financial-technology company’s eligible employees.

The government has pledged to seed so-called “Trump Accounts” with $1,000 for children, starting next year. Under the initiative, any parent can open an account for their child and contribute up to $5,000 annually. Employers can pitch in $2,500 a year without affecting a worker’s taxable income.

“The launch of Trump Accounts aligns with our mission to unlock financial progress for everyday Americans by teaching financial health and education from a young age,” Chief Executive Officer and founder Chris Britt ...