Getting started

How old do I have to be to join Modak?

You have to be between 13 to 19 years old.

Why do you need my social security number (SSN)?

At Modak, keeping you safe is our top priority. If you want us to help you build your credit, we'll need to collect your Social Security Number for identification purposes.

Why do I need a cellphone to create an account?

This is because the bank needs to make sure it's really you who's opening the account. If anything looks fishy with your account, they can use your phone number to reach you and check that everything is okay. They may also send you a code to confirm it's you when you log in or make a transaction. All of this helps keep your money safe and secure.

Can I create a Modak account outside of the US?

Right now, your US-based secured credit card can be used anywhere in the world where Visa cards are accepted. For example, if you are an American traveling internationally, you can use your Modak card anywhere!