Most users experience little to no downtime. If there is a delay, service with one of the carriers usually remains active until the transfer completes.
Deposit account and the Modak Visa® debit card issued by Legend Bank, N.A., FDIC-Insured.
Modak is a financial technology company and not a FDIC insured financial institution.
Funds deposited into a Deposit 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.
(*) Fees for expedited or premium services may apply. See for applicable fees. Find out more in our Cardholder Agreement
(1) Deposit account and the Modak Visa® debit card issued by Legend Bank, N.A., FDIC-Insured.
(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 January 2025) 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 MBX minimum balance requirement. This program does not accrue interest and (0.00% Annual Percentage Yield (APY)) applies.
(**) Welcome Bonus and Referral program terms and conditions apply.
(8) Roblox Rewards 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.
(9) The savings pocket is designed to help you manage your savings goals. A Modak boost is applied only to eligible funds. Terms and conditions apply.
(10) This review was sourced from the App Store, where customers voluntarily shared their experiences. Individual results may vary. This testimonial reflects the opinion of one customer and is not a guarantee of future performance. App Store ratings as of April 15th, 2025.
(11) Based on NerdWallet’s independent editorial evaluation in their article, ‘10 Best Banking Apps and Debit Cards for Kids and Teens 2025.’
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3000 Sand Hill Road · Building 4 Suite 230 · Menlo Park, CA 94025
