Modak Makers
Strengths
- Genuinely free core with no monthly fee — and 24/7 support, rare at this price.
- Mobucks challenges turn money lessons into a game kids actually play.
- Direct deposit support makes it viable for a teen's first job.
Weaknesses
- No ATM access at all — a real limit for teens who need cash.
- 0.00% APY, with the ~4% boost locked behind the $5.99/mo Mogold subscription.
- Smaller and younger than the incumbents (30,000+ families), with no custom spending limits.
$0/mo
$0 — no monthly fees, no overdraft, no foreign transaction fees. Watch: reload fees when funding by debit card ($0.50) or credit/Apple/Google Pay (+3%); ACH funding is free. Optional Mogold at $5.99/mo (savings boost, cashback, fee waivers).
Parent Portal: card lock/unlock, spending visibility, chores and allowance management. No custom spending limits or category blocking.
Savings goals with visual tracking — but 0.00% APY, explicitly. A "savings boost" around 4% exists only behind the Mogold paywall.
Real-time spend notifications, biometric login, encryption, card lock.
Yes — pass-through via Legend Bank, N.A., Member FDIC.
None in the base product.
Gamified: in-app challenges earn Mobucks convertible to real dollars — engagement-first design that resonates with the Roblox generation.
24/7 customer service — unusual for a free product.
United States only.