Modak: Kids & Teens Banking

The Modak Makers app and card are mainly designed to help kids and teens learn how to manage money while giving parents control and safety tools. Here are the main benefits of the Modak app and debit card: * Free Visa debit card for kids and teens * Works almost anywhere Visa is accepted * Can be added to Apple Pay and Google Pay * Virtual card available instantly * Parents can transfer money instantly * No monthly fees for the basic version * Kids can earn money through chores and allowance tracking * Automatic allowance scheduling * Savings goals to help teens save for things they want * Real-time spending notifications for parents * Parents can lock or unlock the card anytime * Helps teach budgeting and money management * Rewards system (MBX points) that can turn into real money * Daily and weekly challenges for earning rewards * “Walk & Earn” feature rewards healthy activity * Custom card designs available * Spending history and tracking inside the app * Family and friends can send money directly * No overdraft spending since you can only spend the balance on the card * Some plans include cashback rewards and savings boosts * Encourages financial independence for teens * Educational financial activities and challenges built into the app

This app is super helpful towards me! I am a teen, 16 to be exact, and have only had the app for a couple of months but here are my thoughts. I have friends that are older than me that all possess jobs & cars it's hard to not feel left out. Modak has made it super convenient with that! It keeps track of your spending, gives you points that can be converted into money (which they are called MBX), not only are you able to have a physical card, but you can add it to your apple wallet, & one of the best parts of this app is that parents are able to monitor your spending and your budgets, etc. this app helps me learn how to manage my money and spend it with precautions due to it being extremely focused on earning & saving money. With this comes responsibilities you have but overall I believe this is a great starting app for younger kids with learning how to budget & spend/save money wisely.

(For context I’m in middle school and my parents are strict with allowance and money so Modak has changed my life) First of all, the AirPods thing is real. I got them a few months ago and I love them so much (THANK YOU MODAK!!!!!) I use them every day but I can’t afford my own AirPods because I just don’t have that kind of money so I was so happy when I got them but anyways…I LOVE Modak so much. Weather it’s saving up my mbx for cash, or managing all of my savings goals, or keeping track of my finances, Modak has my back. It helps so much with things like ordering what I want to order online, or getting a soda or two without having to carry around a bunch of dollar bills. Aside from practical uses of having a kids account, I also have learned so much about money after getting this app. If I want a new book that just came out, I have to think through everything now, for example, “I was saving that money for a new mascara so now I have to make more money from babysitting so if I work X more hours than I can…” and it helps with real life skills 🙃ok that was my rant gbye