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Modak: Kids & Teens Banking

Modak: Kids & Teens Banking

Debit card for families

9.1K ratings
1488 reviews
💰 Finance
Free

Details

Released
February 15, 2023
Updated
October 16, 2026

Features

Background Location Access

Developer

Modak
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Modak: Kids & Teens Banking screenshot #9 for iPhone
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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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+1

What's New in Modak

2.30.2

October 16, 2026

Screen Time is here for MoSilver and MoGold! Set limits on your kids' screen time, and let them earn extra time with good habits like walking outside or completing their weekday chores. Also new: add a note when you send money to your kids. They'll see it in the transaction details, so they know what it's for.

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User reviews

Most RecentHighest RatedLowest Rated

Paid

Everything used to be free now you have to pay monthly to give you child an allowance
Garden RomseyGarden Romsey

Modak

Modak is a wonderful app to have for kids because it can limit there spending and show them the responsibility’s of having a debit card
Scar825Scar825

My opinion

I like Modak because I can earn money. I have my own card and it helps me with doing drawers and earning stuff.
Nova_rrrNova_rrr

Great app

I love the challenges because you can earn money
The only ClydeThe only Clyde

Amazing but sometimes it’s a little bit glitchy

I love Modak so much. It’s such a great app for kids to start thinking about saving money for college and toys it has helped me save so much money. I really appreciate it and it’s a great app for kids to get their first credit card
. It’s really amazing and it’s also really fun that you get to customize a lot of things including your credit card. Also, I love how you can send stuff to your siblings and I love how there is games but every time I sign in I’m in my mom’s account but I can still switch back to my account but it’s still really annoying that I have to sign into my account every single time instead of just automatically being in my account
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Honeybee520Honeybee520

Response from developer

Thank you so much for the amazing review! 💙 We love hearing that Modak is helping you save for the things that matter to you, while also making learning about money fun! We’re especially glad you’re enjoying the card customization, sibling transfers, and games. 😊 We also really appreciate you sharing your feedback about having to switch back to your account every time you sign in. We know that can definitely get annoying, and we’ll make sure your feedback is shared with our team. Thanks again for being part of the Modak family! 💙

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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.