Mydoh - Youth Money App & Card

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 hel