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.
If kids are 13 or older, they can add their card to their Apple Wallet (with iPhone 6 or above) to make in-store purchases anywhere Visa or Apply Pay is accepted.
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.
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.
The Mydoh team has been heads-down, working to make the account opening experience better. With this version of the app, we've made it even easier to get you into your new Mydoh account without ever having to leave the app! We've also made some improvements to the look and feel of the app. Stay tuned for more exciting updates!
Ratings and Reviews
Need ability for both parents to have access
Like the app, but I don’t see how both parents can be on the app. While I have not had any issues to add both of our kids to the account, I can’t see any way for both mom and dad to be able to monitor the kids accounts.
Developer Response ,
Thank you for taking the time to leave your feedback, it is truly appreciated. Your feedback has been shared with the Mydoh team to investigate.
It doesn’t works and now they tell me that it’s a free trial and they will start cutting money. Can’t figure out a way to deactivate the account.
Just what I was looking for!
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!!
Data Used to Track You
The following data may be used to track you across apps and websites owned by other companies:
Data Linked to You
The following data may be collected and linked to your identity:
- Contact Info
- User Content
- Usage Data
Data Not Linked to You
The following data may be collected but it is not linked to your identity:
Privacy practices may vary, for example, based on the features you use or your age. Learn More
- Royal Bank of Canada
- 54.7 MB
- Requires iOS 12.0 or later.
- iPod touch
- Requires iOS 12.0 or later.
- Age Rating
- © Royal Bank of Canada 2021
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Up to six family members will be able to use this app with Family Sharing enabled.