Modak: Kids & Teens Banking

Modak Live

About this app

Modak gives kids and teens a real Visa® debit card, plus the tools to earn, spend and save, while parents stay in control. Start free with a virtual card. Some features require a paid plan.²

A REAL VISA® DEBIT CARD FOR KIDS
Everywhere Visa® is accepted. Tap to pay with Apple Pay® or Google Pay™, shop online and in stores, cash at millions of ATMs. Operator fees may apply.⁴ Virtual card ready instantly; physical card available upon request.¹ Ages 0 to 17. Parents get a free virtual card too.

CHORES THAT PAY²
Set a task, set a reward, approve it when it’s done. The money lands on their account right away. Any task, no limit.

ALLOWANCE THAT RUNS ITSELF²
Set the amount and schedule once, daily to monthly, and it’s sent automatically, on time, every time. Change or pause anytime.

SAVING GOALS²
Open a goal, set the target, watch it grow. Kids and parents can both add money. On MoGold, every goal can earn up to a 4% annual boost.²

ALERTS, CONTROLS AND SAFETY
An alert the moment they spend: what, where and how much. Freeze the card in a tap. Biometric login and multi-layer protection. Kids can only spend what’s on their balance. Enhanced controls and analytics on paid plans.²

SEND AND MANAGE FAMILY MONEY
Add money from your bank, or in seconds from any debit or credit card (a small fee applies,⁴ free on MoGold²). Set auto-reload and the balance tops itself up. Send free between Modak users, and split any bill fairly.

CO-PARENTING²
Add another parent, a grandparent or a guardian to help manage a kid’s money. Each adult keeps a separate account.⁵

PLANS
MoBasic, $0/month: kids’ and parent virtual cards, ATM access, auto-reload, real-time alerts, card freeze, MBX rewards.
MoSilver, $2.99/month: everything in MoBasic, plus chores, allowance, saving goals, co-parenting, enhanced controls and analytics, premium card designs, physical cards included.
MoGold, $5.99/month: everything in MoSilver, plus 2% cashback on eligible purchases, up to a 4% annual boost on saving goals and your parent balance, instant funding fees reimbursed up to $25 a month.²

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Modak is a financial technology company and is not an FDIC-insured financial institution. Deposit account and the Modak Visa® debit card are issued by Legend Bank, N.A., Member FDIC

1. Physical card issuance requires either funding the teen’s account with at least $10 or subscribing to an eligible plan. A virtual card is issued free upon account creation.
2. Details on Subscription plans, including cashback purchase eligibility, saving goals, instant funding limits (waived up to $25 in fees per month), free physical card shipping and more are available in our Terms & Conditions (modakmakers.com/legal/terms). The Modak Boost program, can be found in our Terms & Conditions and Modak Boost Terms and Conditions (modakmakers.com/legal/goals-account-acknowledgement). The Bank does not pay interest on the account, and All incentive payments are funded and made solely by Modak, independent of the Bank.
3. Fees for expedited or premium services may apply. Find out more in our Cardholder agreement (modakmakers.com/legal/legend-agreements).
4. For eligibility, functionality, and other details regarding the Co-Parenting feature, please review our Terms and Conditions (modakmakers.com/legal/terms).
5. Modak uses Android's VpnService to support certain parental-control functionality, including the ability for parents to restrict internet access for selected apps on a child's device. VpnService is used only for this parental-control functionality and is not a general-purpose VPN. Availability of parental-control features may vary, and certain features may not yet be available to all users.
Apple Pay is a trademark of Apple Inc. Google Pay is a trademark of Google

Ratings and reviews

Was super excited to find an app that had a debit card and connected to chores. I hope future upgrades to this app is that kids don't require a phone to login. Perhaps a PC or tablet? Also, was stoked that it was free. The chore app is a bit clunky and I've had to contact support to resolve some quirky issues, and I've found other issues that haven't been easily resolved. Was very disappointed to see chores not longer free as it's what got us in the door, now bait and switch.

They just locked everything down. I chose this so because there was no fee just to be able to use it. I paid a fee every time I transferred money, but no other fees. today I went in to pay my kids for their chores, and that feature as well as the allowance feature has been locked. I have to upgrade for $3 a month to be able to use it.

Don't bother if your kid doesn't have their own phone number. The only way for my 3 kids to access their account is for me to login multiple times a day on their Chromebooks or give them my phone constantly so they can check for chores/rewards. There is an option to add an email address, but only if you have a separate phone number for each child, which is absolutely ridiculous. It is an issue I brought up when we signed up almost a year ago and was assured a fix was coming, but still no fix.

What’s new

Chores just got more flexible. Parents can now choose whether kids can mark overdue chores as done on their own, giving every family the right balance of independence and supervision.