Modak: Kids & Teens Banking

Modak Live

About this app

Free debit card for kids. Real money skills for life.

Modak gives kids a real Visa® debit card and the tools to earn, spend, and save — while parents stay in full control. Build genuine money habits from day one, with chores that pay out, automated allowance, savings goals, and rewards that turn healthy activity into real pocket money.

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FREE VISA® DEBIT CARD FOR KIDS
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Your child gets a Visa® debit card accepted everywhere — in stores, online, and with Apple Pay & Google Pay. A virtual card is ready instantly. Upgrade to MoGold for 2% cashback on eligible purchases.

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CHORES & ALLOWANCE, AUTOMATED
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Assign chores, set an allowance schedule, and let Modak handle the rest. When a task is done and approved, money lands on your kid’s card immediately. No cash. No forgetting. No manual transfers.

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SAVINGS GOALS THAT GROW
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Kids set a goal, track progress, and watch it grow. Parents can chip in at any time. Upgrade to MoGold for a 4% annual boost on every goal.

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EARN REWARDS FOR GOOD HABITS
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Kids earn MBX — Modak’s rewards currency — by walking daily steps, completing challenges, opening scratch cards, and more. Points convert directly into real money on their card.

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PARENTAL CONTROLS & REAL-TIME SAFETY
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Get notified the moment your child spends. Freeze or unfreeze their card instantly. Kids can only spend what’s on their balance.

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SEND & RECEIVE MONEY
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Transfer money to your kid’s card for free from your parent balance, any time. Share a Get Paid link so grandparents or family can send money directly — no Modak account needed. Kids and parents can split expenses with friends.

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GO FURTHER WITH MOGOLD — $5.99/mo
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Unlock free instant funding (save up to $25 in transfer fees per month), 2% cashback on eligible kid spending, a 4% annual savings boost, and a free physical parent card.

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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.

Details on MoGold features, including cashback purchase eligibility, saving goals and instant funding limits (waived up to $25 in fees per month), are available in our Terms & Conditions.

Fees for expedited or premium services may apply. See Cardholder Agreement for details.

Ratings and reviews

It's honestly a good card to have, but it does freeze here and there sometimes . For example, I can't use cash back at the moment, but I can still use the card. They have challenges where you can earn points and turn that into cash, which is nice . If you earn 100 points, that's 1$, 500 points, that's $5. I think that's my favorite thing about the app. You can also take just 1$ to put that towards goals or emergencies. The only thing I wish they would add is to add another parent to the card.

The features are barebones. There's no way to get the money off your child's card. These are strictly "spend only" cards, so if you have to buy something as a parent because your kid forgot their card or you didn't bring it, there's no way for them to "pay you back." The scratch off rewards require each child to log in to their account, so if you manage this on one phone it's a nightmare having to log in several times. Also they tried to gyp me on that $15 welcome bonus until I contacted them.

I wish the kids could only see their chores for each day. it's going to confuse my kids. I've also had nothing but issues trying to connect my bank account and gave up and just paid the fee to use a debit card. this app could have great potential but isn't there yet. oh also wish I could add chores for like 2x per week rather than just daily or weekly

What’s new

Meet your family's new command center. Stronger limits, smarter controls, and a brand new analytics view, designed to give parents and kids real visibility and peace of mind. MoGold takes it even further, members get the full experience, with even deeper insights and controls built for families who want more.