Seeking answers? FAQ to the rescue!

For parents

How can I edit the auto allowance?

Please follow the next steps:

  • Select Kid Profile: Click on the profile of the child whose allowance you want to adjust.
  • Access Allowance Settings: Click the "Allowance" button.
  • Adjust Details: Make any necessary changes to the allowance details.‍
  • Save Changes: Press "Save" and go back.

See all FAQs

Features
No Monthly feesThe AppDebit cardChores & AllowanceGood habits, gamifiedSavingsMoney management
Safety
Company & Legal
Why Modak
About usPoliciesTerms of ServicePrivacy PolicyCareersContact us
Resources
Learning HubWall of GratitudeModak Vs GreenlightModak Vs CurrentFAQModak Vs Acorns Early
Stay Tuned

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

Modak is a financial technology company and not a FDIC-insured bank

Funds deposited into Checking Account may be eligible for up to $250,000 of FDIC insurance.

The FDIC’s deposit insurance coverage only protects against the failure of an FDIC-insured depository institution.

App Store and Play Store ratings as of October 31st, 2024.

(*) Fees for expedited or premium services may apply. Find out more in our Cardholder agreement.
(1) Checking account and the Modak Visa® debit card issued by Lewis & Clark Bank, Member FDIC.
(2) For more information about MBX, visit our MBX Policy.
(3) The savings goals feature is intended to assist you in planning and tracking your savings progress. It does not imply or guarantee any interest earning.
(4) For more information about this study, click here.
(5) Modak Scratch 'em all feature Terms and Conditions apply.
(6) $6 Welcome bonus. Terms and conditions apply.
(7) The MBX Rewards Program allows all customers, whether they have a Card or not, to earn MBX through eligible activities such as completing challenges, using the walking feature, or making purchases. However, only customers with a Card can redeem MBX for monetary rewards. A minimum balance of 100 MBX (approximately $1.00 USD as of October 2024) is required for redemption, though the value is subject to change and not guaranteed; for details, visit MBX Policy. No minimum balance is required to open an account, and redemption of MBX into USD is processed instantly upon meeting the minimum balance requirement. This program does not accrue interest and (0.00% APY) applies.
(**) Welcome Bonus and Referral program terms and conditions apply.
(8) Roblox Reward applies only after ordering the physical debit card and using the code ¨Roblox¨ during the sign up process. Learn more in the Terms and Conditions.

©2025 Modak Communities Operating Holdings Inc. All rights reserved.