Building a better financial future

We empower the next generation through financial learning and gamification.

Debit card for kids and teens, app for families
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5 Chores
Riley earned MBX
for Learning today

FROM THE INVESTORS OF

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You're not alone

$10,000

Annual money reportedly lost by more than 15% of survey respondents due to lack of financial literacy4

Many of the challenges kids face today stem from a common root cause: insufficient financial literacy and a lack of tools to build it. The consequences of this gap often become apparent years later (NFEC, 2022).4

A lot of people come out of [school] without having been taught financial literacy in any detail.

- Denis P.

To me, the bottom line is that to live the life you want to live, you need to understand how to manage money,

- Dan M.

Our solution

The Modak Visa® Debit Card and family app provides the perfect solution 
for kids & teens to learn by doing.
With no required monthly fees*, all families can incorporate financial learning into their everyday lives.

App for families, debit card for kids and teens
Checking account and the Modak Visa® debit card issued by Lewis & Clark Bank, Member FDIC.

Unlock your kid’s future

Have your kid earn rewards for learning about financial topics and practicing healthy habits like walking, reading, and more.

A Debit Card that has it all

The card, which is shipped for free, offers spend monitoring and can be added to Apply Pay and Google Pay for seamless contactless payments.

More than just a money app

One app for everyone. Parents can manage chores, allowance, and savings, and fund their kid’s account. Kids learn and get rewarded.

The team

Our team, comprised of experts from diverse backgrounds in finance, product, technology, operations, and marketing, is driven by a bold mission to create financial solutions for the next generation. Together, we are pioneering a future where financial empowerment knows no boundaries.

We are led by our Co-Founder and CEO, Madhu Yalamarthi. A former Venture Capitalist with extensive experience in fintech and education, and an Arjay Miller Scholar at Stanford MBA (Top 10% of the graduating class).

Trusted by customers just like you

Great starter card for young teen. My son loves that he has his own money somewhere safe. Customer service was really quick to help us as well.

- Brittany R.

Its so nice to be able to encourage my children manage their finances, the app its gettin better every time and I'm glad for it.

- Argenis H.

Great card!! My son is so happy and is more responsible with the chore money he earns now! Having this card is teaching him to be financially responsible.

- Heather W.

Great starter card for young teen. My son loves that he has his own money somewhere safe. Customer service was really quick to help us as well.

- Brittany R.

Its so nice to be able to encourage my children manage their finances, the app its gettin better every time and I'm glad for it.

- Argenis H.

Great card!! My son is so happy and is more responsible with the chore money he earns now! Having this card is teaching him to be financially responsible.

- Heather W.

4.8 App Store Rating

Based on thousands of reviews as of June 24th, 2024

Open your account
in minutes

Get started

No minimum deposits or
monthly fees required.*

Checking account and the Modak Visa® debit card issued by Lewis & Clark Bank, Member FDIC.

Seeking answers? FAQ to the rescue!

¿Puedo añadir mi tarjeta a Apple Pay o Google Pay?

¡Sí! No solo puedes pedir una tarjeta física, ¡sino que también puedes agregarla virtualmente a Apple Pay o Google Pay!

¿Cómo mantenemos segura y protegida la información personal confidencial?

Hemos implementado varias formas de proteger su información personal:

  • Cifrado: Toda la información confidencial se cifra en los protocolos estándar de tránsito.
  • Controles de acceso: El acceso a la información confidencial está restringido a un número limitado de personal autorizado, que está sujeto a verificaciones de antecedentes y monitoreo de seguridad continuo.
  • Políticas de protección de datos: Modak ha establecido políticas estrictas de protección de datos, incluidas políticas de retención y eliminación de datos, para garantizar que la información confidencial no se conserve durante más tiempo del necesario.
  • Cumplimiento: Modak se adhiere a las normas de seguridad y privacidad pertinentes, incluidas las impuestas por la Oficina de Protección Financiera del Consumidor (CFPB), para garantizar que la información confidencial se maneje de manera que cumpla con los más altos estándares de seguridad y privacidad.

¿Hay algún cargo?

No hay cargos ocultos asociados a Modak. No cobramos por abrir una tarjeta ni por la mayoría de nuestros servicios. Sin embargo, si necesitas servicios rápidos o premium, nuestra aplicación te los mostrará y te pedirá permiso antes de cobrar las tarifas. Si no, puede utilizar nuestros servicios regulares, que son la mayoría de nuestros servicios, ¡de forma gratuita!

¿Qué edad debo tener para unirme a Modak?

Para inscribirte, debes tener entre 13 y 17 años. Tus padres o tutores serán los titulares de la cuenta y te permitirán usarla. Las cuentas para menores de 13 años estarán disponibles pronto.