Modak Makers Kids’ Debit Card Review: No Fees and Standout Rewards

Who is Modak best for?

Modak says its card is for anyone under age 18, and it doesn’t cost anything to open or maintain with the MoBasic plan. As a free kids’ banking option with no age restrictions, Modak can be great for families of all sizes and ages who want to teach their kids how to manage money.

But if you’d like a kids’ banking option with educational content, or the option for chores and allowance tracking without a monthly fee, look elsewhere.

Modak plans and cost

Modak used to just have one, simple plan, but it has recently added two more paid plans.

What we like about Modak

Who doesn’t love a kids’ debit card with a free monthly plan? Modak’s base plan has no monthly fees, opening deposit requirements, foreign transaction fees or balance requirements.

Most kids’ banking apps have monthly fees, such as Greenlight or Acorns Early (formerly GoHenry). To even use Greenlight, you must have a paid plan, and Acorns Early also requires a monthly fee.

Now includes custom spending limits

A recent addition, Modak now offers parents the ability to set custom spending controls. For example, parents can set a daily spending limit, or set a cap on how much a single purchase can be to prevent large purchases.

You can also block specific categories, turn the card on and off in the app, block ATM access and even turn on low-balance alerts.

Not having these parental controls used to be a big downside to Modak, but with this additions, there’s barely anything left to complain about this platform.

Physical and virtual cards

Kids get a virtual and physical MoCard to spend in-store or online, and they can add the virtual card to Apple Pay or Google Pay. There are also card designs to choose from with a paid plan.

And great for working teens, Modak supports direct deposit, providing a place for working teens to store their earnings. And a recent update, users can now send money to external bank accounts.

Earn rewards by doing challenges or earn cashback

Kids can earn something called Mobucks (MBX) by hitting daily step goals and completing daily challenge prompts. Mobucks are paid for and issued by Modak, and 100 MBX are worth $1. There is no limit to how many MBX kids can earn, either.

The paid plans (MoSilver and MoGold) add a separate chores and allowance feature, where kids submit a photo as proof of a completed chore for parent approval and payout.

On top of that, with the MoGold plan, you can earn up to 2% cashback on eligible purchases. However, Modak doesn’t spell out exactly which purchases qualify as “eligible” or whether there’s a cap on how much cashback a family can earn. MoGold pairs that cashback with a 4% savings boost and up to $25 in instant funding fee reimbursement.

Manage the MoCard through Parent Portal

Modak features a Parent Portal through its app to manage your kids’ debit cards, and parents can lock or unlock the cards and view spending activity in the portal.

Similar to other money apps, reloading the MoCard with an ACH bank transfer is free.

You can fund the MoCard through the app’s Teen Wallet section and simply tap Send $ to send cash via bank account, card or direct deposit. Parents can also reload the cards via Apple Pay and Google Pay. However, there’s a small fee of $0.50 per card reload via debit card, and a $0.50+3% fee for reloading via Apple Pay, Google Pay or a credit card.

Safety features and FDIC-insured

Modak Makers is a fintech with banking partners — it isn’t a bank. Its accounts are covered by FDIC insurance through its banking partner, Legend Bank, Member FDIC.

Like other kids’ cards, the MoCard can’t be overdrawn, and the card can’t be used for “adult” purchases. Restricted purchases include crypto, adult content and gambling.

Modak states it protects your and your child’s personal information in several ways, such as encrypting all sensitive information, enforcing strict data protection policies and complying with the Consumer Financial Protection Bureau’s (CDPB) regulations.

What could be better

The only fees we can locate with Modak are the reload fees, which cost $0.50 if you reload your kids’ MoCard with a debit card and an additional 3% via a credit card, Apple Pay or Google Pay. However, you can avoid those reload fees by making an ACH transfer or direct deposit.

Modak also lacks some other features that you’d find with some competitors, mainly, educational quizzes or games. But other than that, it’s got most of the bells and whistles we expect from a kids’ debit card.

Modak’s fees and access

Compare Modak Makers to other kids’ cards

Narrow down top kids’ banking options by monthly fees, APYs and features. Tick the Compare box on multiple options to see their benefits side by side.

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Finder Score	Fee	Age requirements	Features
Promoted 9.2 Excellent Greenlight Finder Award	9.2 Excellent	$5.99 per month	Any age	Spend, save & invest Chores & allowance tools Spending controls & limits Instantly send money to your child Up to 6% savings rewards	Teach your child to spend, save and invest all in one app. Get 5+ financial literacy tools, including chores and allowances. All with powerful parental controls to decide where your child can spend and how much. Includes up to 6% savings rewards.	Go to siteView details Compare product selection Compare	loading
9.4 Excellent Cash App Families	9.4 Excellent	$0 per month	13 to 17 years old *	Start with as little as $1 Your teen can earn 3.25% interest on their savings Send and request money, deposit cash and access ATMs Free saving and investing** features with parental approval	Sponsor your teen's Cash App account with robust parental oversight and safety features, such as payment notifications and card locking. Help them invest, choose between colorful cards and decide which features they can access.	View details Compare product selection Compare	loading
8.6 Great Acorns Early (formerly GoHenry)	8.6 Great	$8 per month	6 to 18 years old	Automate allowance & instantly send money to your child Optional parent-paid savings interest Spending controls & limits $8/month after Finder exclusive free trial	Get 2 months free and $10 allowance when you sign up to Acorns Early with Finder's exclusive code: AFFUSFDR10. T&Cs apply.	Get interactive money and investing tools for your kids, including expert-developed games and quizzes. Offers strong parental controls that allow you to set where and how much your child can spend.	Go to siteView details Compare product selection Compare	loading
8.6 Great Chase First Banking℠	8.6 Great	$0 per month	6 to 17 years old	$0 monthly fee Financial learning tools for kids Flexible parental controls Supports chores and allowances For kids ages 6 to 17 FDIC insured	A debit card for kids and teens with parental controls and digital tools to help them learn good money habits in the Chase Mobile app. Requires parent to have or open a Chase checking account. FDIC insured.	Go to siteView details Compare product selection Compare	loading
8.4 Great Revolut Kids & Teens account	8.4 Great	$0 per month	13 to 17 years old	Chore and allowance tracking Budgeting tools Set custom spending limits Set money goals Must have parent account for kids under 18	The Revolut Kids & Teens account card comes with chore and allowance tracking, parental controls, and budgeting tools for your kid. You must have a Revolut personal account to be eligible. Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.	Go to siteView details Compare product selection Compare	loading

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What is the Finder Score?

The Finder Score applies to 45+ kids' debit card options. It takes into account the card's fees, features, age requirements, ATM access and more — this gives you a simple score out of 10.

To provide a Score, we compare like-for-like debit cards. So if you're comparing the best kids' cards with no monthly fees, you can see how card stacks up against each other by features, opening deposits and other benefits.

Read the full breakdown

How to open a Modak account

Starting a Modak account and getting MoCards for your kids doesn’t cost any monthly fees, but the base plan will require a $10 funding amount to be able to request a physical card. All users under 18 need a parent or guardian to set up and sponsor the account.

The information you’ll need to open a Modak account includes:

• Government-issued photo ID
• Proof of address, such as a utility bill
• Social Security number
• Email
• Phone number

Customer experience

Modak Makers is a newer fintech company founded in 2022. Not too longer ago, Modak didn’t have a Better Business Bureau (BBB) page, and now it has one with low rating with the bureau.

On Trustpilot and the app stores, reviews and ratings are mostly positive. Customers are happy with the app, citing a quick and responsive customer support team. Other reviews mention that they like the Mobucks rewards can be exchanged for cash and quick transfers from parents to kids’ cards. One review compared Modak to Greenlight directly, saying that while Greenlight is great, it isn’t free, which is what prompted the switch to Modak.

One customer pointed out that Modak doesn’t list it’s exact restricted merchants, but the app does state that it lists the “types” of restricted merchants, such as gambling, lottery or other adult-related purchases. The fintech responded to this feedback and said it’s working on a feature that would allow parents to set custom spending controls (which has now been added, as of 2026). Another negative review points out the struggle with cash access, since the Modak cards can’t be used at ATMs just yet, but again, the Modak cards can now be used at ATMs.