Modak: Kids & Teens Banking

Modak banking accounts are closing
Modak banking accounts will close on or before December 15, 2026. If you have a Modak account, please review the important dates and steps you need to take to access or move your remaining funds before closure.

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).
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