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.

Young adults studying

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.

lightbulb graphic icon

Many parents lack the discipline or the know-how to build a financially educated household and schools don’t teach kids about money.

Mother and Daughter doing homework together

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.

A mother and her daughter bonding together

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.

A young teenage boy listening to music on his mobile phone

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.

Start your free trial today

Get your first 30 days free and give your kids a head start on building money skills*.

Seriously Secure

Kids can spend in-store and online up to allowable limits with their Mydoh Smart Cash Card issued by Royal Bank of Canada and powered by Visa.

Terms & Conditions

*The 30-day free trial offer is activated on the date of completion of the Mydoh mobile app account registration process. After your free trial offer ends, a monthly subscription fee of $4.99 ($2.99 for RBC Clients) will be taken out of your Mydoh Wallet. You can cancel any time by contacting Mydoh. Mydoh reserves the right to cancel, modify or withdraw this offer at any time.

† 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.

 

Footnotes

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.

3. 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.