Mydoh - Youth Money App & Card 6.7.0

Royal Bank of Canada – Freeware – Android

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Mydoh is a comprehensive money management application designed for parents and children between the ages of 6 and 18, emphasizing the development of essential financial skills through practical experience.

The app facilitates children's understanding of earning, spending, and managing money, while encouraging parental involvement throughout their learning journey.

TASKS AND ALLOWANCES 
Parents can easily assign tasks to their children, monitor completion, and manage payments with a few straightforward steps. Additionally, parents have the flexibility to provide weekly allowances regardless of task completion.

SPEND WITH THE MYDOH CARD 
The Mydoh platform includes both a digital and physical card known as the 'Mydoh Smart Cash Card,' which children can use for transactions at physical stores or online (with the exception of ATM withdrawals). 
<ul>
<li>The card promotes responsible spending habits as it operates on a reloadable prepaid basis, ensuring that children can only use funds they have available, with no risk of incurring debt.</li>
<li>Children aged 13 or older can integrate their Mydoh card with Apple Wallet for in-store purchases at any location that accepts "Visa" or "Apple Pay."</li>
<li>Parents have control over the Mydoh Smart Cash Card, allowing them to lock or unlock the card as needed through the app.</li>
</ul>

CUSTOM CARD 
Canadian youth can personalize their Mydoh experience by designing a custom Smart Cash Card called “Mydoh by Me.” This prepaid VISA card offers children an opportunity to express their individuality through design. The card is available for $6.99, with options to upload personal photos or select from Mydoh’s gallery, complete with various stickers. After design approval, delivery is typically within 5 to 7 business days.

SAVINGS GOALS 
Mydoh encourages healthy saving practices where children can utilize “Goals” and “General Savings” buckets. They can establish specific savings goals complete with target dates and amounts in the “Goals” bucket or build savings without a fixed goal in the “General Savings” bucket. Children gain visibility into their savings history and can celebrate when they achieve their targets.

TRACK KIDS IN THE APP 
Parents can monitor their children's activities within the app, which includes setting financial objectives, saving towards those objectives, and tracking expenditures. Children benefit from accessible financial education while parents remain informed about all aspects of their financial interactions.

ADD A PARENT 
Mydoh allows parents to add another guardian to their account at no additional cost. This feature promotes shared responsibilities in fostering financially savvy children as both parents can assign tasks, process payments upon task completion, manage allowances, and oversee goal tracking collectively.

SAFE & SECURE 
Developed in partnership with the Royal Bank of Canada, Mydoh offers enhanced security and reliability. The Mydoh Smart Cash Card is issued by RBC and powered by Visa, ensuring a safe environment for financial transactions.

Mydoh provides an affordable solution without monthly fees*, creating an accessible opportunity for practical financial learning. For more information on opening an account quickly and easily, please visit mydoh.ca.

*Royal Bank of Canada reserves the right to cancel, modify or withdraw this policy at any time.

For inquiries: hello@mydoh.ca 
20 Bay Street, 17th Floor, Toronto, ON, M5J 2N8

Follow us on social media: 
<a href="https://www.facebook.com/mydohapp">Facebook</a> 
<a href="https://www.instagram.com/mydohapp/">Instagram</a> 
<a href="https://www.linkedin.com/company/mydohapp">LinkedIn</a> 
<a href="https://www.youtube.com/channel/UCO37WfNRF0VtQcwBFNqlCug">YouTube</a>

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