Oct 23, 2025 I tried putting my daughter birthday money on her card. 780.00 worth. It would only let me deposit 200.00 at a time - Seems like a way for them to get more money out of you... the 4th time I tried adding 180.00 and depositing 600.00 well it flagged it so I tried again and this time I got a fraud alert from my bank which I said it was me so they said to try it again. I did and now Modak has blocked my kids account for suspicious activity because I tried to deposit to much money into her account. That was the 23rd and as of today I am still fighting for them to unblock my kids account so she can use her birthday money but they keep saying its in review... Why the hell does it take 11+ days to review when I sent them all my info and a photo of my ID... The are refusing to close the account so I can go elsewhere. I feel like this is a scam card and they are just trying to hold her money and Im pissed... I've never heard of such a thing as being flagged and blocked for trying to put to much money into an account...
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Modak is a US-based platform leveraging the power of fintech, gamification, and community to empower kids to reach their full potential.
We are founded with an audacious vision to enable kids and young adults to reach their full potential, regardless of their background. We pursue this mission by offering a gamified fintech and learning ecosystem - with teen cards, financial literacy, and other services. We build for scale and security using the best technologies and enrich the user experience with a thriving community that supports each other. Modak is trusted by over 30,000 families and growing by the day.
We are one of the most well-funded early-stage startups, and we are grateful for the 5+ years of runway we have even in this market. Our investors include GGV Capital ($9.2Billion VC firm), Monashees, Maya Capital, Nazca VC, One VC, and 30+ leading angel investors and entrepreneurs across Silicon Valley and Latin America.See more
