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

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.

App is good, but its not really designed for parents with multiple kids without their own device. it would be great if the kids could share their own device and switch between profiles using a pin or biometric. i also with the app had a "bounty board" feature so I can add jobs and a dollar amount that kids can claim for a limited time to earn extra money.

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.

What’s new

We smashed some walking bugs: hitting your daily goal now feels right! No more screen closing on you mid-celebration. Also, turning on Walking is easier too, with clearer steps if it wasn't working before. Plus we fixed the "update app" loop some Android phones got stuck in, and gave the whole thing a little UI glow up