Mydoh is a money management app for parents and youth aged 6-18 years old. It helps to instill money values for youth that are based on knowledge and practice.
With this app, youth learn to make money and take responsibility for their spending, and parents are included in the process every step of the way.
TASKS AND ALLOWANCES
Parents can set tasks for their youth, check off these tasks when they are done and pay them, all in a few easy steps. Plus, parents can pay their youths’ weekly allowances whether they do chores or not.
SPEND WITH THE MYDOH CARD
Youth 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, youth take responsibility for their spending, and because it’s a reloadable prepaid card (not a credit card), they can only spend what they have. So, no debts and no surprises!
- Youth 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 “Apple Pay” is accepted.
- Parents can lock and unlock their youths’ “Smart Cash Card” if they 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 them to express their unique personality.
The card costs $6.99 and it can be designed by uploading a photo of choice or a photo from Mydoh’s gallery (plus cool stickers!) and once the design is approved, it’ll be shipped in 5 to 7 working days.
SAVINGS GOALS
With Mydoh, youth 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.
Youth can see their savings history and celebrate when they achieve their goals.
TRACK ACTIVITY IN THE APP
What’s more? Parents also get to keep an eye on what their kids do on the app, from setting financial goals to saving for and meeting these goals, as well as spending their money.
Youth have financial literacy at their fingertips, and parents 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 parent can set tasks for kids, pay them when they’ve completed the tasks, set weekly allowance and add funds to their accounts. Parents can 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 people's 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. That's 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.
Get in Touch: hello@mydoh.ca
20 King Street W, 8th Floor, Toronto, ON M5H 1C4
FOLLOW US ON OUR SOCIALS
https://www.facebook.com/mydohapp
https://www.instagram.com/mydohapp/
https://www.linkedin.com/company/mydohapp
https://www.youtube.com/channel/UCO37WfNRF0VtQcwBFNqlCug
I want to ensure my kids understand the value of money and this app is perfect for that. The balance of giving them the ability to make money decisions while still maintaining control. Awesome app!!
Love this app!
Kokoypmo
My teenagers needed to learn about money management and this has been great so far. I did had small issue when making my account and the gentleman over the phone was very helpful and resolved the issue right away
Developer Response
Hi Kokoypmo, Awesome! Thanks for the feedback. We’re glad you’re enjoying the Mydoh experience :)
Love this app!
sandy0812!
Love the features; easy to set up and use! Your welcome bonus is available in your account immediately - no ‘must do first’ list!!!! Price is a lot cheaper than competitor’s pricing. Love the features for my kid- $ education.
Developer Response
Hi there, thank you so much for your feedback! We're so glad to hear your family is enjoying the app so far! If ever you have any questions or concerns, just connect with us through the in-app chat 😊.
Not paying for a subscription
Initial D crazy drift
With all the free banking options out there, why would you pay $2.99 as a RBC client or $4.99 as a non RBC client. How much do we already pay RBC? How much profit did they make last quarter again?
Developer Response
Hi Initial D crazy drift, Thanks for taking the time to provide this feedback. The subscription fee helps us cover costs to provide users with the benefits of the Mydoh app. While there is no free version, a family’s Mydoh smart-money journey starts with a free trial! During the trial period, you can take full advantage of all the Mydoh benefits including Tasks & Allowances, the Smart Cash Card, Mydoh Play, Pay Day, and more. If you have any other questions at all, please email us at hello@mydoh.ca and one of our experts would be more than happy to help you!
New logo, same Mydoh! Hope you like the glow-up as much as we do.
Version 7.0.3
The developer, Royal Bank of Canada, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy .
Data Used to Track You
The following data may be used to track you across apps and websites owned by other companies:
Identifiers
Data Linked to You
The following data may be collected and linked to your identity:
Purchases
Contact Info
User Content
Identifiers
Usage Data
Data Not Linked to You
The following data may be collected but it is not linked to your identity:
Diagnostics
Privacy practices may vary, for example, based on the features you use or your age. Learn More
Accessibility
The developer has not yet indicated which accessibility features this app supports. Learn More
Information
Seller
Royal Bank of Canada
Size
166 MB
Category
Finance
Compatibility
Requires iOS 15.1 or later.
iPhone Requires iOS 15.1 or later.
iPod touch Requires iOS 15.1 or later.
Languages
English and French
Age Rating
4+
4+
This app has an age rating of 4+ with content restrictions. Some content may be rated higher, but access is managed by the developer through in-app controls.
