A new federal program offering financial support for children requires parents or guardians to take an extra step before receiving the $1,000 one-time payment. Unlike automatic distributions, eligibility for the payment means families must first claim their child’s account and then separately agree to opt in. The process introduces additional hurdles for those who may not yet be registered for the program. Those interested will need to verify their child’s eligibility and follow the government’s instructions to access the funds.
Parents, guardians have to claim the accounts and separately opt in to receive the federal government’s $1,000 seed contribution for eligible kids.
