Can parents send money directly to their kid’s Savings Goals?
Great question! Currently, when one time transfers and funds are being earned by kids on a Mydoh Family Account, all earnings go to the child’s ‘Spend’. The child can then choose to allocate the funds to their Savings Goals. Parents cannot send funds directly to a child’s Savings Goals.
We understand that this would be beneficial, and this is something that is on our team’s radar! In the meantime, please see here to learn more about one time transfers.
If you have any questions, please don’t hesitate to reach out to our support team through the in-app chat!
Notes:
- Please note that your child’s ‘Savings Goals’ is not a Savings account and will not receive interest or any other earnings.