"Consumers are paying, in some cases, hundreds of dollars more beyond what they would pay just by going straight to the DMV website," said one consumer advocate.
Treasury Secretary Scott Bessent released a rendering of a commemorative coin featuring President Donald Trump on Wednesday.
The tax-deferred accounts are invested in low-cost index funds and are available to people under 18.
Fostering the Future Accounts are a spinoff of Trump Accounts investment funds meant to give $1,000 to every newborn whose parent opens an account.
Administration officials have pushed to move forward with designing a $250 bill with Donald Trump's portrait and signature, should legislation pass.