Seriously Secure
Powered by the Royal Bank of Canada, Mydoh gives you the control, security, and transparency you expect from an institution that has been protecting your data for 100+ years.
About Mydoh
Mydoh is the money management app designed to help parents help their kids learn money values and skills. It's simple, safe and secure.
Change begins with an idea
Mydoh is the brainchild of Faria Rahman and Gaurav Kapoor, who first met during their MBA at the University of Toronto. Both were passionate about changing the way people think about and deal with money.
Mydoh began with the shared belief that money management isn’t something you are taught, as much as something you learn through experience – and that experience should start early.
Many parents lack the discipline or the know-how to build a financially educated household and schools don’t teach kids about money.
For love and money
Money goes by many names: green, cheddar, loot, bank, and of course, dough. Whatever your kids call it, having their own money is an important part of their development.
We all want the best for our kids, and helping them build good money habits as they enter their teen years is a great place to start. That’s where the Mydoh Smart Cash Card comes in. We believe that given responsibility and a little guidance, kids will learn real values that help shape the world they want.
Hands-on experience
The Mydoh Smart Cash Card helps young people build competency and confidence by practicing and improving their understanding of money. They make earning and spending decisions in the real world and parents are always close by to support and have meaningful conversations.
Parental guidance
We know there are many different parenting approaches. With Mydoh, you decide how involved you want to be.
- See your kids’ spending activity and comment on decisions (both good and bad) all in real-time.
- Have oversight and control over the amount of money you extend to kids or budget the amount they kids can spend.
- Set up a weekly allowance for your kids.
- Assign tasks and chores to help kids learn the value of earning money.
- If need be, you can pause your kids’ Smart Cash Card.
Get Mydoh for the whole family
Up to 2 parents and 5 kids at no
Mydoh helps your kids and teens
Earn, Spend, and Save.
Secure Funds
Parents have the ability to lock a child’s Smart Cash Card if it’s lost or stolen.
Age-Appropriate
The Mydoh Smart Cash Card is set up to block various merchant category codes that are deemed inappropriate for youth, such as gambling and alcohol purchases.
Full Transparency
The Mydoh App gives parents complete oversight with instant notifications about their child’s transactions, as well as a full transaction history, directly in the app.
Data Protection
Your data is encrypted and only accessed for legible business reasons. That means only the people who need to see it can see it, and is never shared with third parties.
Terms & Conditions
† The RBC Visa Prepaid Mydoh Smart Cash Card (“Mydoh Smart Cash Card”) is available as a physical and digital card that can be used to pay for purchases online or in-store anywhere Visa contactless (tap) is accepted.
1. The RBC Visa Prepaid Mydoh Smart Cash Card (“Mydoh Smart Cash Card”) is available as a physical and digital card that can be used to pay for purchases online or in-store anywhere Visa contactless (tap) is accepted.
2. Parents can load and kids can access up to a maximum of $500 per day on their Mydoh Smart Cash Card. When loading money to a Mydoh Smart Cash Card, there are limits to the number of transfers and dollar amounts. Please see transfer and transaction limits.