Round-up

What is Round-up and how does it work?
Round-up automatically saves money for your child as they spend on Mydoh. When enabled, every purchase is rounded up to the nearest dollar, and the difference is transferred to their General Savings.

Example: Your child spends $2.48 on food. Round-up automatically moves $0.52 to their General Savings.

How do I turn on/off Round-up?
1. Log in to the child account
2. Navigate to the ‘Save’ tab
3. Select the toggle for Round-up to ‘ON’/’OFF’
4. Parents get notified whenever Round-up is toggled ON/OFF by a child.

Will Round-up apply to purchases that have already been made?
No. Round-up happens in real time and won’t apply to past purchases.

What happens if there isn’t enough money to cover the rounded amount?
Round-up won’t occur if there isn’t enough money to cover the round up amount. The original purchase will still go through as long as there is enough money to cover the purchase itself.

Does Round-up apply to purchases that are already whole dollar amounts?
No. Round-up won’t apply to purchases that are already whole dollar amounts.

Will there be notifications for Round-up transactions?
Yes. Both parent and child receive notifications for every Round-up transaction.

Where can I check the Round-up status?
You can check the Round-up status anytime in the Savings Goal section on the parent & child home pages.

If a purchase refund or chargeback is applied to a previous Mydoh transaction, does the Round-up remain in the General Savings?
Yes. Round-up will stay in General Savings and your child can move the money to their spend any time.

I’m a parent and I don’t want the Round-up feature on for my child. How can I turn it off?
1. Log in to the child account
2. Navigate to the ‘Save’ tab
3. Select the toggle for Round-up to ‘ON’/’OFF’
4. Parents get notified whenever Round-up is toggled ON/OFF by a child.

Can Round-up be turned back on after turned OFF?
Yes. Round-up can be turned ON or OFF anytime by the child.