Feb 5 (Reuters) - Citigroup ( C/PN ) will match the U.S.

government's initial $1,000 contribution to the proposed Trump

Accounts for eligible employees' families, the U.S. lender

announced on Thursday.

Trump Accounts, created as ‌part of President Donald Trump's

One Big Beautiful Bill Act and ​expected to be rolled out on July

4, will ‍see the U.S. Treasury deposit $1,000 ⁠of seed ⁠money into

investment accounts for all children born between 2025 and ‌2028

with a valid social ​security number.

Citi's joins rivals Bank of America ( BAC ), Wells Fargo ( WFC )

and JPMorgan Chase ( JPM ), who have ⁠all launched

similar match programs.

The ‍Citi ​Foundation is also commiting $5 million to create

awareness of the program, encourage participation and provide

enrollment support, ‍especially for low-income families.

Trump has urged American businesses to contribute to

employees' family accounts. The president and his Republican

Party have been seeking to address voters' affordability

concerns ahead of the ​November ‍midterm elections.

The accounts have been pitched by backers as a long-term

wealth-building tool to help ​children build savings early in

life.

Supporters argue that starting investments at birth can

improve economic mobility and give future workers a stronger

chance to climb the economic ladder.

Critics, however, have flagged the risks of letting

eighteen-year old ​adults freely access what could by then grow

into a considerable sum of money.