In an internal announcement circulated on Wednesday morning, Bank of America revealed its plan to match the $1,000 contributions made by the US government to specific Trump accounts for qualifying employees.

Additionally, the bank will facilitate the option for employees to make pre-tax contributions to these children’s savings accounts via payroll deductions, as detailed in the memo obtained by The Post.

Following the approval of President Trump’s One Big Beautiful Bill Act, a new initiative launched on July 4 enables parents to establish tax-advantaged investment accounts for children under 18 who possess Social Security numbers.

For those children born between 2025 and 2028, the US Treasury will kick-start these accounts with a $1,000 contribution.

“We commend the federal government for introducing innovative strategies that assist employees and families in planning for their future, and we are eager to support this initiative,” stated Bank of America in the memo.

The company earlier this year said it would award about $1 billion in equity to all employees, except senior management – coming to nearly 19 million shares of Bank of America stock.

As for the Trump accounts, the government will invest the savings in low-cost index funds.

Trump accounts do not have the same tax advantages as 529 accounts or Roth IRAs, however.

Withdrawals from the accounts are not permitted until the child turns 18. The assets will then be rolled into an IRA, and withdrawals will be taxed.

But the GOP’s tax-and-spending bill also makes it easier for major corporations and philanthropists to contribute to the investment accounts on a large scale.

The bill limits account contributions to $5,000 per year, with the employer portion of contributions expected to be restricted to $2,500 annually.

Rap star Nicki Minaj is set to contribute $150,000 to $300,000 to help her “Barbz” fans set up the accounts, joining President Trump at a summit touting the program on Wednesday, The Post reported.

In December, Michael and Susan Dell pledged to donate a historic $6.25 billion toward Trump accounts for 25 million American children, which would come to $250 per account.

Dell Technologies also announced it will match the US Treasury’s $1,000 grants for newborn children of US employees.