Seeking answers? FAQ to the rescue!
For parents
How do I fund my kid's account?
- Go to the parent app and log in using your phone number. You will receive a verification code to confirm your login.
- Once logged in, you will be directed to the home page. Here, you will see "My balance” and click on “add money” button to your account.
- Or you can send the money directly to your kid's account by clicking on “$ send” either going to down the middle; or selecting your kid´s profile and “send money”.
- On the next page, you will see three options “My balance", "Use a new Credit/Debit card (Fast transfer)”, Google pay or apple pay and "Normal Transfer". In this last option you can choose between “Add a Bank account", and "Direct deposit" Click on the option that best suits you.
- If you selected "Normal Transfer” you will be redirected to a screen where you can choose between two options.some text
- If you select “My account” you will be redirected to pick an amount screen based on your current parent balance. Type the amount, pick to witch kid you are sending the money to, and click on the next button.
- If you selected "Fast transfer" you will be redirected to pick an amount screen and then directly to Checkout platform to finish the transaction. With this option, you can use debit or credit cards to fund the parent and or kid account.
- If you selected "Normal Transfer” you will be redirected to a screen where you can choose between two options.
- "Add a Bank account" you will be redirected to a PLAID agreement page where you will need to follow the prompts to authorize the linking of your bank account. Once completed, your account will be linked to the Modak platform. To fund the kid's account, go back to the "Send $" button and enter the amount you wish to send. Choose between Standard or Priority transfer, review your transaction information, and click "Confirm and Send."
- To set up a direct deposit, simply click on the "Account & Routing" button next to your or your kid’s "Balance." You'll find the necessary details there, which you can use to transfer money directly to the teen's account through your bank’s platform.
