Mydoh

Mydoh is a money management application designed for families with children aged between 6 and 18 years old. It aims to impart valuable money management skills based on practical experience and knowledge.

Through the app, children can develop an understanding of earning money and taking ownership of their spending decisions, with parents being actively involved in the process at every stage.

• TASKS AND ALLOWANCES
  • Parents can assign tasks to their children, mark them as completed, and make payments all through a simple process. In addition, parents have the option to provide their children with weekly allowances, regardless of task completion.
• SPEND WITH THE MYDOH CARD
  • Kids receive both a digital and a physical card known as the ‘Mydoh Smart Cash Card’ which can be used for purchases in physical stores or online, excluding ATM withdrawals.
  • The reloadable prepaid nature of the card ensures that children only spend what they have, eliminating debts and surprises.
  • For children aged 13 years and older, there is an option to add the Mydoh card to their Apple Wallet for in-store purchases where “Visa” or “Apple Pay” is accepted.
  • Parents can conveniently lock or unlock their kids’ “Smart Cash Card” using the app.
• CUSTOM CARD
  • Canadian youth can now personalize their Smart Cash Card with “Mydoh by Me,” a custom prepaid VISA card that allows children to showcase their unique identity.
  • The customization process involves uploading a desired photo (or selecting one from Mydoh’s gallery) along with fun stickers. Upon approval, the unique card is shipped within 5 to 7 business days for a fee of $6.99.
• SAVINGS GOALS
  • With Mydoh, children can establish healthy saving habits using the “Goals” and “General Savings” features.
  • Children can define savings goals with specific targets and timelines in the “Goals” section, while also having the option to save without specific objectives in the “General Savings” section. They can view their savings progress and celebrate goal achievements.
• TRACK KIDS IN THE APP
  • Parents can monitor their children's financial activities on the app, from setting goals to tracking savings progress and expenses. This feature offers kids easy access to financial literacy while keeping parents informed.
• ADD A PARENT
  • Another parent can be added to the Mydoh account at no additional cost through a simple process within the app. This facilitates shared responsibilities in raising financially savvy kids, allowing both parents to assign tasks, provide allowances, manage goals, track expenses, and collaborate towards family financial goals.
• SAFE & SECURE
  Mydoh benefits from the support of the Royal Bank of Canada, guaranteeing enhanced security and peace of mind. The Mydoh Smart Cash Card is backed by Royal Bank of Canada and powered by “Visa,” ensuring a safe and secure payment method.
• TRY MYDOH TODAY

  Experience remains an unmatched teacher, which is why Mydoh does not include any monthly fees*. Sign up for a Mydoh account today at mydoh.ca to embark on your financial journey.
  
  
  *Royal Bank of Canada reserves the right to cancel, modify or withdraw this at any time.

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