Mydoh is a mobile banking platform designed with a focus on financial education for kids and teens. This innovative app provides a practical way for young individuals to learn about money management through real-life experience. With Mydoh, parents can easily set up and supervise accounts for their children, helping them understand the value of money, earning through chores or allowances, saving, and responsible spending. Parents have oversight and can approve transactions, while children are empowered to make their own spending decisions with the prepaid card linked to their account. The platform includes features like task tracking, instant money transfers, and spending limits to foster financial literacy from an early age. Mydoh operates within a secure framework to ensure a safe banking experience for its users.
Mydoh is currently available for residents of the following countries:
Canada
24/7 availability- anytime, anywhere
No matter where you are, at home or abroad, you can access your Mydoh account via the app, check your account balance, control your savings, get customer support, make payments and even freeze your debit card if needed. In addition, get real-time notifications every time you make a transaction, so there won’t be any surprises at the end of the month. No need to make appointments, stand in line and lose working hours to manage your finances.
Get approved fast
Opening an account with Mydoh is simple, with no lengthy paperwork. Just download the app, prove your identity, top up your account and you’re ready to go. Mydoh doesn’t require a copy of your credit history to approve your account, meaning you can open an account and get approved in minutes.
Lower fees
Another main reason to use Mydoh is the low (or no!) fees. Mydoh has no physical branches, therefore they can offer lower fees than traditional banks – especially when it comes to ATM withdrawals, money exchange/transfer and payments abroad. For example, Mydoh offers zero fees on all transactions, including purchases made overseas!
Makes traveling easier
Mydoh = borderless banking. Low/no exchange rates and low/no ATM withdrawal fees worldwide make traveling a whole lot easier (and cheaper) than with traditional banks- especially in the eurozone. And for added safety, freeze or unfreeze your debit card while you travel, directly in the app.
Go paperless
One of the frustrating things about traditional banks is the amount of documents, contracts and letters that are sent to your mailbox. With Mydoh everything you need is in the app and all communications are sent to your app or your email. Gone are the days of rummaging through piles of paper around your house – and protecting the environment is the cherry on top.
