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Mydoh Review

Mydoh teaches your child how to handle their finances proactively with its innovative app and prepaid Visa card for kids. 

Try the app for free for the first month to see if you like it and then pay a small fee to keep your account active.

Please note: All information about Mydoh has been collected independently by Finder and this product is not available through this site.

The Mydoh app and its associated Mydoh Smart Cash Card are designed to help teach your child how to make sound financial decisions from an early age. The app lets you assign chores, fund weekly paydays and monitor your child’s spending. Your child learns how to spend money responsibly and develop good financial habits. Enjoy a 1-month trial when you sign up today, and access a lower monthly fee if you’re an RBC customer.

30-second take

  • Think about Mydoh if you want your child to develop effective money management skills and you don’t mind paying a small monthly fee.
  • Choose something else if you aren’t very tech savvy or your child doesn’t have access to a mobile phone or iPad.

How Mydoh works

To get started with Mydoh, you’ll download the app and set up an account for yourself. You can then send an invite to your child to open a linked account.

  • Parent account. Your parent account lets you assign tasks, send your kids money, react to transactions with emojis and lock/unlock your child’s card.
  • Kids account. Your child’s account lets them manage the tasks you assign, track the money they earn and spend, and play money trivia. Their account will be linked to their Mydoh Smart Cash Card (a prepaid debit card powered by Visa).

The basics

If you want an app and prepaid debit card that lets your child manage their own money and learn good financial habits then you may benefit from Mydoh.

  • 1-month free trial. Try the app for free for the first month to see if you like it and then pay a small fee to keep your account active.
  • Conversation starter. The app opens up space for you to have discussions with your child about how to earn and responsibly spend money.
  • Full oversight. You can keep an eye on your child’s spending and lock/unlock your child’s account as needed.
  • Streamlined app. You and your child can interact through the app, and it has innovative features to help you track tasks and payments.
  • Learn through play. Your child can play trivia to learn more about money basics and how to manage their finances.

How much does Mydoh cost?

Mydoh costs $2.99 a month for RBC clients and $4.99 a month for non-clients. This monthly fee allows 5 children to be on your plan. Plus, the first 30 days are free.

4 things you’ll like about Mydoh

  1. Automatic payments. Your payments will be automatically scheduled in the app so your child will receive their allowance like clockwork (as long as tasks are completed).
  2. Many spending options. Kids can spend in-store and online up to allowable limits with their Mydoh Smart Cash Card (issued by RBC and powered by Visa) anywhere Visa is accepted.
  3. Family plans at no extra cost. You can add up to 5 children on your plan without paying an additional monthly fee.
  4. RBC customers pay less. You’ll only pay a monthly fee of $2.99 to keep your account active if you’re an RBC customer.

4 things to watch out for

  • Monthly fee. You’ll have to pay a fee of $4.99 per month to keep your account active if you’re a regular member (or $2.99 if you’re with RBC).
  • More accounts to manage. You’ll need to remember additional login information and getting an account will add an extra app on your phone.
  • No rewards program. It’s not possible to earn points or cashback with the Mydoh prepaid card since it’s not linked to a dedicated rewards program.
  • Children need a mobile phone or iPad. Your child will need to have a mobile phone or iPad to access the app.

What should I know before I apply?

Eligibility requirements

You may need to meet the following requirements to get a Mydoh prepaid debit card for your child:

  • Be a Canadian citizen, permanent resident or temporary resident of Canada
  • Be over the age of majority in your province
  • Have a working bank account
  • Have a child with access to a mobile phone or iPad

Required documents and information

To sign up for a Mydoh prepaid debit card, you’ll need to provide the following:

  • Name, date of birth and contact information for you and your child
  • Your email address and phone number
  • Proof of valid government-issued ID (unless you log in with your RBC Online Banking account)

How to apply for Mydoh

  1. Download the Mydoh app from the Apple App Store or Google Play Store.
  2. Select “Parent sign up” and follow the prompts to set up your account.
  3. Enter application details such as your name and contact information.
  4. Once you’re approved, add money to your Mydoh Wallet from your RBC account or with an INTERAC e-Transfer.
  5. Invite your kid(s) to download the app and walk them through how it works.

How do I fund my Mydoh account?

As the parent, you can fund your Mydoh Wallet using Interac e-Transfer or from your RBC Canadian personal chequing account or credit card.

Your Mydoh Wallet holds allows you to send money to your child(ren) up to the allowable limits. Every time you send money to your child through the app, money flows from your Mydoh Wallet to your child’s Mydoh Smart Cash Card.

Is Mydoh safe for my child?

All of the information that you and your child provide to open up an account is encrypted, as is the data transmitted through your child’s Smart Cash Card. A full audit trail is kept whenever money moves to and from your Mydoh Wallet.

Your child’s Smart Cash Card is set up to block various merchant category codes that are deemed inappropriate for youth, such as gambling and alcohol purchases.

How can I contact Mydoh?

You can use the in-app chat function or reach Mydoh by email at

Bottom line

The Mydoh app and prepaid debit card are designed to help your child learn good money habits. Your child gets a regular allowance when they complete tasks, and you get to monitor their spending and use the information you gather to stimulate discussions about budgeting, debt management and more. Enjoy a 1-month free trial when you sign up today.

Frequently asked questions about Mydoh

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