JPMorgan Chase (JPM) said Wednesday it will match the US government's one-time contribution of $1,000 to the retirement savings accounts of children of eligible US employees.

Bank of America will also match the government's contribution under the program, known as "Trump Accounts," Reuters reported Wednesday, citing an internal memo it saw.

Bank of America (BAC) shared the referenced memo with MT Newswires in response to a request for comment.

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