Can my child go into debt with their Mydoh Smart Cash Card?
There is no way for your child to go into debt using their Mydoh smart cash card. The Mydoh Smart Cash Card is a reloadable digital and physical Visa Prepaid Card for kids. This means there is no interest rate charged or risk of debt, since kids can only spend the money that is available on their card’s balance which their parent’s provide.
This means that the only amount of money that can be used is the money that has already been deposited by the parent into the account. If the wallet balance is at $0, no further purchases can be made, ensuring that there is no debt obligation on the card.
If you have any further questions, please feel free to reach out to our support team via the in-app chat!
Click here for more info on the Mydoh Smart Cash Card!