Are there limits to sending money to my kids? | Mydoh

Sending Money to your Child

Are there limits to sending money to my kids?

When sending money to your kids, there are a few Wallet limits. See a breakdown below:

Parent to Kid(s) Transfers $CAD
Number of times Parents can transfer to child’s account per day 10
Number of times Parents can transfer to child’s account per month 40
Minimum amount Parent can transfer to child per transaction $1
Maximum amount Parent can transfer to child per transaction $200
Maximum amount Parent can transfer to child per day $499.99
Maximum amount Parent can transfer to child per month $5,000

 

Learn more about transfers and limits: