Mydoh

Mydoh is a money management app & card for parents and kids (6-18). With the Mydoh app, kids and parents get two different experiences customized for their use. Mydoh makes it easy for kids to gain real life money skills, and parents can coach, guide, or just keep an eye on things.

Mydoh’s card helps kids take responsibility for their spending. And, because it’s a reloadable prepaid card (not a credit card), kids can only spend what they have. No surprises!

SPEND ONLY WHAT YOU HAVE. ANYWHERE VISA IS ACCEPTED

With the Mydoh Smart Cash Card, kids can gain valuable money skills and safely spend their earnings using their physical or digital card in-store and online.

- Use the card anywhere VISA is accepted,

- Tap or insert the card at in-store terminals (no PIN required),

- Cannot be used at an ATM,

- And, because it’s a prepaid card, kids can’t spend more than they have.

TAKS/ALLOWANCE: KIDS LEARN THE VALUE OF MONEY

You can start teaching your kids about money at an early age! Set up one-off or recurring tasks from your parent account, to teach your kids that money is earned. You can also set a weekly allowance and send them money instantly through the app.

PLAY: KIDS LEARN MONEY BASICS

Help your kids learn money basics through Play. Kids can learn about credit cards, taxes, and much more by completing trivia in the app. From your parent account, see what your kids are learning, and some handy tips to keep the money conversation going.

SAFE AND SECURE

The Mydoh Smart Card is issued by Royal Bank of Canada and powered by Visa. Rest assured that there is no risk of your kids going into debt - they cannot spend more money than they have on their Mydoh Smart Card.

KIDS GAIN INDEPENDENCE WHILE YOU STAY IN CONTROL

Your kids build strong money values by making their own spending decisions. You stay involved by tracking their spending and checking their balances, all in real-time. Lock and unlock your kid’s Smart Card if you need to, through the app.

POWERED BY ROYAL BANK OF CANADA

Mydoh was created with the support of Royal Bank of Canada, providing security and peace of mind. RBC goes beyond banking, by creating products and services that help solve problems and make peoples’ lives better.

DETAILS

You can try Mydoh for free for a limited time*. After your free trial ends, a monthly fee of $4.99 ($2.99 for RBC Clients) will be taken out of your Mydoh Wallet. You can cancel at any time by contacting Mydoh customer support.

*Royal Bank of Canada reserves the right to cancel, modify or withdraw this at any time.

RBC Client means an individual who holds at least one personal deposit account with Royal Bank of Canada (excluding saving accounts and US dollar accounts), or a personal RBC Royal Bank Credit Card.

Opening a Mydoh account is fast, and easy. Visit mydoh.ca to learn more.

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