Mydoh – Smart Card for Teens

Mydoh is a money management app for parents and kids aged 6-18 years old. It helps to instill money values for kids that are based on knowledge and practice.

With this app, kids learn to make money and take responsibility for their spending, and you’re included in the process every step of the way.

TASKS AND ALLOWANCES
You (the parent) can set tasks for your kids, check off these tasks when they are done and pay your kids, all in a few easy steps. Plus, you can pay your kids weekly allowances whether they do chores or not.

SPEND WITH THE MYDOH CARD
Your kids get a digital card as well as a physical card called the ‘Mydoh Smart Cash Card’ which they can use to make purchases at physical stores or online (but not for ATM withdrawals).
- With this card, 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. So, no debts and no surprises!
- Kids aged 13 years or older can add their Mydoh card to their Apple Wallet (available for iPhone 6 and above) to make in-store purchases anywhere “Visa” or “Apply Pay” is accepted.
- You can lock and unlock your kids’ “Smart Cash Card” if you need to, through the app.

CUSTOM CARD
In addition to the physical Smart Cash Card, Canadian youth can now design and own a custom Smart Cash Card called “Mydoh by Me”. This customizable prepaid VISA card allows your child to express their unique personality.
The card costs $6.99 and it can be designed by uploading your child’s photo of choice or a photo from Mydoh’s gallery (plus cool stickers!) and once the design is approved, it’ll be shipped to you in 5 to 7 working days.

SAVINGS GOALS
With Mydoh, your kids can build healthy saving habits with the “Goals” and “General Savings” buckets.
- They can set up goals and save for specific things they would love to get, with a target date and amount, in the “Goals” bucket.
- They can also save without a specific goal, target date, and amount in the “General Savings” bucket.
Kids can see their savings history and celebrate when they achieve their goals.

TRACK KIDS IN THE APP
What’s more? You also get to keep an eye on what your kids do on the app, from setting financial goals to saving for and meeting these goals, as well as spending their money.
Your kids have financial literacy at their fingertips, and you get to keep an eye on everything.

ADD A PARENT
You can add another parent to your Mydoh account at no extra cost, with just a few clicks, right in the app.
Adding a second parent means you can share the responsibilities and tools to raise money-smart kids. Each of you can set tasks for kids, pay them when they’ve completed the tasks, set weekly allowance and add funds to your kids’ accounts. You can also track goals and spending – together. Get the whole family involved.

SAFE & SECURE
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.
The Mydoh Smart Cash Card is also issued by Royal Bank of Canada & powered by “Visa”, making it safe and secure.

TRY MYDOH TODAY
We understand that experience is the best teacher. Thats why Mydoh has no monthly fees*.

Open a Mydoh account today. It’s fast and easy. Visit mydoh.ca to learn more.

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

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