JPMorgan, BofA to Match Workers’ Trump Account Contributions (1)

JPMorgan Chase & Co. and Bank of America Corp. said they will match the US government’s $1,000 “Trump Account” contributions for eligible employees with children born between the beginning of last year and the end of 2028.

Bank of America said it will also enable eligible staffers with children under the age of 18 to make pretax contributions to Trump accounts through payroll deductions, according to the memo sent to employees, the contents of which were confirmed by a Bank of America representative.

President Donald Trump introduced the accounts as part of his One Big Beautiful Bill Act, offering $1,000 ...