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Modak: Kids & Teens Banking

Modak: Kids & Teens Banking

Debit card for families

9.1K ratings
1500 reviews
💰 Finance
Free

Details

Released
February 15, 2023
Updated
October 21, 2026

Features

Background Location Access

Developer

Modak
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About

This app helps families teach children about money management through a debit card, allowance tracking, and reward-based learning games. It empowers kids to spend, save, and earn while parents monitor transactions and guide financial education.

✓Visa debit card for kids and teens
✓Allowance and chore tracking
✓Parental controls and real-time transaction monitoring
✓Earn reward points (MBX) for real money
✓Daily and weekly challenges for financial literacy
✓Set and manage savings goals
✓Secure money management with checking accounts
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What users say about Modak

Reviews of Modak are mostly positive: the Finance app is rated 4.8/5 from 9.1K App Store ratings. What users like most: easy to use and navigate, earn money through challenges and activities. Top complaints: slow money transfer times, account locking issues. Summarized from real user reviews.

Positive things

  • 👍Easy to use and navigate
  • 💰Earn money through challenges and activities
  • 🤑Ability to convert in-app currency to real money
  • 🤝Helpful and friendly customer support
  • 🔒Secure and reliable app
  • 📚Educational features to learn about finance
  • 🎉Fun and engaging experience

Negative things

  • ⏱️Slow money transfer times
  • 🔐Account locking issues
  • 💸Unexpected fees
  • 🐛Occasional bugs and glitches
  • 🔌Connectivity problems
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What's New in Modak

2.30.4

October 21, 2026

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.

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User reviews

Most RecentHighest RatedLowest Rated

Trash

Can’t access my money and the accounts are closing soon
Ttheworldrequiem

Bye Modak

I’m pretty sad it’s shutting down but man WHY NOW OF ALL TIMES I just got both my small bisnusses running and now why 😭
UUmbre🌷

Sad!

I love Modak and I am that it will be closing down…
VVanessaOrozcoo

Errors

It’s always signing me out which isn’t a big issue but there’s always “updates” to where when I open the app it says I need to update it so I go to update it and there’s no updates. This happened before and it was fixed but it was really annoying because my money is in there and now I can’t access it. Another thing is that there’s no challenges anymore so they have you basically gambling for the scratch offs and there’s never surveys for mbx. Another error is that it doesn’t really count my steps anymore for mbx which is weird because it’s “connected” to my health app which says I have 2550 but I only got 500 in modak? So many issues with this app and I’m considering leaving at this point. Also it’s shutting down and I don’t have access to my moneydue to the update error thing. Horrible app.
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Ttheworldrequiem

IM SO SADDDD

This is the best app ever it’s free and teaches a lot of kids about money management. I LOVED this and I’m SO SAD they are discontinuing🥺
A/Alexia /10
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User experience

🐞

Reported Bugs

3 issues

Login screen freezes

Bug

Incompatibility with certain devices

Bug

Inconsistent app performance

Bug
✨

Requested Features

5 requests

Customizable profile options

Feature

Improved transaction history tracking

Feature

Integration with popular mobile wallets

Feature

More advanced budgeting and savings tools

Feature

Expanded challenge and reward options

Feature

FAQ

What does the Modak app do?

Modak is a banking and financial education app designed for families. It provides kids and teens with a Visa debit card to manage their spending, along with tools for tracking allowances and chores. The app also includes learning games and challenges that reward users with points convertible to real money.

What are the key features of Modak?

Key features include a Modak Visa debit card usable anywhere Visa is accepted, seamless allowance and chore tracking for parents, real-time transaction monitoring, and the ability to earn reward points (MBX) redeemable for cash. Kids can also set savings goals and participate in challenges promoting financial literacy and healthy habits.

Is Modak free to use?

The app itself is free to download and use, with no monthly fees or hidden charges for basic services. While there are no monthly fees, fees for expedited or premium services may apply, as detailed in the Cardholder agreement.

What devices is Modak compatible with?

The app is designed for families and is available for use with a Modak Visa debit card. While specific device compatibility isn't detailed, it integrates with Apple Pay and Google Pay, suggesting compatibility with modern smartphones and tablets that support these services.

How does Modak help kids learn about money?

Modak teaches kids about money by allowing them to actively manage their spending with a debit card, earn money through chores, and set savings goals. The reward points system and daily/weekly challenges further incentivize learning about financial literacy, healthy habits, and active living, making financial education engaging.