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• Terms & Conditions for the Referral Program

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created

Nov 10, 2023

LAST UPDATED

May 1, 2024

Modak Makers Referral Program Terms and Conditions

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By clicking on the “Refer a Friend” link in your Modak Makers (“we,” “our,” or “Modak Makers”) account, or enrolling through another Modak Makers provided method, and sharing your unique referral link (“Referral Link”) with your friends and family via email, text, or Social Media (“Referrals”), you agree that these Referral Program Terms and Conditions (“Terms”) will apply. These Terms are in addition to the Modak Makers Terms of Service available at https://www.modakmakers.com/legal (“Modak Makers Terms of Service”), which govern your use of the Modak Makers websites, modakmakers.com and app.modakmakers.com (the “Website”), the Modak Makers application for mobile phone, tablet, or any other portable device (the “Application”), and the Modak Makers Services. Any capitalized terms appearing in these Terms, but not otherwise defined herein, are defined in the Modak Makers Terms of Service. In the event of a conflict between the Modak Makers Terms of Service and these Terms, these Terms will govern solely to the extent of the conflict. Unless specified otherwise in these Terms, the terms “you,” “your,” and “yours” refer to the person participating in the Referral Program by providing Referrals, or their parent or legal guardian if a minor in their state of residence.

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Representations. By participating in the Referral Program (or if you are a parent or legal guardian authorizing a minor to participate in the Referral Program), you represent and warrant that (i) you are a natural person; (ii) you are at least 13 years of age (or older if you reside in a state where the age of majority is older); (iii) you are a legal resident of the United States; and (iv) you agree to abide by these Terms.

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Privacy. Any personal information you make available to us in connection with the Referral Program may be collected, used, and shared by us in accordance with Modak Makers’ Privacy Policy, which is available at https://www.modakmakers.com/legal/privacy 

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Referral Program. The “Referral Program” is an opportunity for you, the Primary Accountholder or a Sub-Account Cardholder, to promote and refer Modak Makers Services with the intent that these Referrals will themselves become either Primary Account Holders or Sub-Account Cardholders receiving Modak Makers Services.

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Referred Customers. Any individual referred by you shall become a “Referred Customer” only if such individual (or their parent or legal guardian if a minor): (i) has not previously entered into an agreement with Modak Makers to receive Modak Makers Services; (ii) has not previously opened a Modak Makers Account in order to receive Modak Makers Services together with an associated Card Account with the Issuer; and (iii) has not been previously referred or introduced to the Issuer or Modak Makers in order to procure Modak Makers Services, a Modak Makers Account, or a Card Account by another Modak Makers customer or by a Modak Makers affiliate partner.

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Referral Rewards. For each Referred Customer that is accepted by Modak Makers, you will receive $10 as follows: Modak Makers will credit your Modak Makers Primary Account for an amount equal to the reward advertised at the time you shared the Referral Link with the Referred Customer, and the Referred Customer will receive in his or her Modak Makers Primary Account an amount equal to the reward advertised at the time you shared the Referral Link with the Referred Customer according to Modak Makers’ records. As a general matter, a Referred Customer shall only be considered accepted once the Referred Customer: (i) successfully completes the account registration and identity verification process; (ii) The referral requests a physical card (it is not mandatory to activate or use it). (iii) The referral spends at least $10 with their physical or virtual card. By way of clarification: the expenditure can be made, for example, in a single transaction of $10, in 2 transactions of $5, or in 10 transactions of $1. Transactions made using payment methods such as Cash App or PayPal will not be considered eligible for the referral program.

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Disclaimer: 

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  • Individuals under the age of 13 are not eligible to make Referrals or receive Referral Rewards.
  • Please note that Modak Makers reserves the right to change the referral incentive amount at any time, without prior notice. Referral incentives may vary depending on the specific referral strategy in effect at the time. We encourage you to check the current referral incentive amount regularly for any updates. By participating in the Referral Program, you acknowledge and agree that referral incentive amounts are subject to change, and Modak Makers shall not be liable for any discrepancies or changes in the referral incentive amount.
  • Payment will be credited to the Modak Makers Primary Account in 1 business day after the Referred Customer completes the steps
  • Christmas Referral Bonus: Using code MOGIFT from 12/13/2024 to 01/15/2025, the referral bonus will credit $5 to the Modak Maker’s Primary Account within 1 business day after the Referred Customer successfully completes all required steps.
  • Between December 21, 2024, and December 27, 2024, Modak is running the First Referral Bonus for Holiday Season for selected customers who received email communication. Refer a friend during this period, and if your friend signs up and verifies their account within 7 days, you'll receive an extra $10 bonus credited by December 31, 2024. Referrals outside the selected group will follow standard referral terms and conditions. Fraudulent activity may result in disqualification. Modak reserves the right to modify or cancel this promotion at any time.

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Teen Referral Rewards. If an individual is at least 13 years old but under the age of 18 (or the age of majority in the state where he or she resides) (“Teen”), the Teen is considered a Sub-Account Cardholder, and the Referral Program works differently. For each Referred Customer who is referred by a Teen and “accepted” by Modak Makers, the Teen and the associated Primary Accountholder will receive notice that a Referral Reward is available as a result of a Teen Referral. Suppose the Referred Customer is also a minor. In that case, the parent or guardian of the Referred Customer will need to open a Modak Makers Account for the Referred Customer (or associated Primary Accountholder) to receive his or her Referral Reward. The process for accepting the payment of a Referral Reward by a Referred Customer is similar to the process described above for Teens making Referrals if the Referred Customer is a minor. Individuals under the age of 13 are not eligible to make Referrals or receive Referral Rewards.

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Referral Reward Timing. The timing for the issuance of Referral Rewards is as follows:

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  • Teen refers to a teen: The Referral Reward will be issued when the referred teen requests the physical card and spends a total of $10.
  • Parent refers to a teen: The Referral Reward will be issued when the referred teen requests the physical card and spends a total of $10.

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Verification. Referral Rewards are subject to verification. Modak Makers may delay a Referral Reward for investigation. Modak Makers may also refuse to verify and process any transaction for any reason, and additional restrictions may apply. They are not transferable and may not be auctioned, traded, bartered, or sold. In some cases, referral customers may go through deep ID verification processes. 

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Limitations on Referral Rewards. Notwithstanding anything to the contrary in these Terms, Modak Makers may refuse to accept any Referred Customer in its sole discretion. Furthermore, your participation in the Referral Program does not guarantee the receipt of any Referral Reward by you or the Referred Customer. Referral Rewards associated with the Referral Program are subject to change at any time. The type, amount, value, or duration of Referral Rewards, if any, are determined at the sole discretion of Modak Makers and can be terminated at any time. The specific Referral Rewards in effect at any time will be those posted and described on the Websites or in the Application at the time you share the Referral Link with a Referred Customer. Modak Makers reserves the right to terminate the Referral Program or terminate or modify any aspect thereof at any time and without prior notice. Referral Rewards earned before any modification or termination of the Referral Program will be honored by Modak Makers. 

Each account holder is limited to a maximum of 8 referrals under the Referral Program. To refer additional individuals beyond this limit, you must send a request via email to hi@modakmakers.com and receive direct approval from Modak Makers to increase your referral limit. Please note that while we welcome all requests, we do not guarantee that we will grant permission to have more referrals. Any such decisions are at the sole discretion of Modak.

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Termination and Changes. Modak Makers may suspend or terminate the Referral Program or a user’s ability to participate in the Referral Program at any time for any reason. We reserve the right to suspend accounts or remove Referral Rewards if we notice any activity that we believe is abusive, fraudulent, or in violation of the Modak Makers Terms of Service or these Terms. We reserve the right to review and investigate all referral activities and to suspend accounts or modify referrals in our sole discretion as deemed fair and appropriate.

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Updates to the Terms. We can update these Terms at any time without prior notice. If we modify these Terms, we will post the modification on the Websites or in the Application, which are effective upon posting. Continued participation in the Referral Program after any modification shall constitute consent to such modification.

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Governing Law. The laws of the State of California will govern these Terms, as well as any claim, cause of action, or dispute that might arise between you and Modak Makers, without regard to conflict of law provisions.

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Contact Us. For any questions about the Referral Program or these Terms, please contact us at hi@modakmakers.com.

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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 Reward 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.

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