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Try MyDoh free for 30 days and get $15 on Mydoh - Claim this offer

Mydoh Smart Cash Card Overview

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The Mydoh Smart Cash Card allows your children to receive money and spend the money you send them without any risk of debt. It’s an excellent way for them to learn about saving and how to spend responsibly.

With the Mydoh Smart Cash Card, you get zero interest charges, and users spend only what’s on their balance. The card pairs with an app, allowing parents to assign tasks, disburse allowances, and monitor spending.

Customization is possible because it supports two parents and up to five children. Downsides include a dependence on tech knowledge and a $2.99 monthly fee after a 30-day trial.

This review will highlight all you need to know before signing up for this Visa card. We’ll cover its features and benefits. The review also covers the downsides to getting this Visa card service, fees, and alternative options.

Mydoh Smart Cash Card features

The following are some of the unique features offered with this cash card:

  • There are no interest rates associated with this cash card.
  • Your children can determine the card’s design by uploading a picture they want on the card. They can also pick an image from the Mydoh gallery. The selected image will be on the card when they receive it.
  • 2 parents and up to 5 children can be added to the account at no extra charge.
  • Zero transaction fees are incurred when using this cash card.

Mydoh Smart Cash Card pros

There are plenty of benefits to look forward to when opting for a Mydoh Smart Cash Card. These include:

Money Management

This cash card teaches your children about money management. Learning to manage money is not something your kids can learn theoretically; they can only learn through practice.

They will learn the difference between their needs and wants as they spend the money you give them. With time, they will improve their spending habits and make better spending choices.

Parents are in Control

Through the Mydoh app, you can send allowances to your children. However, you get to assign tasks to them through the app each week. When your children complete those tasks, they can receive payment from the allowances you send them. However, you determine how much allowance they can receive.

Mydoh Smart Cash Card - comparewise

Progress Tracking

You can track your kids’ progress through the Mydoh app—tasks you assign and allowances you send them. Once they complete a task, you will be notified through the app. There is nothing your kids would do that you wouldn’t know about.

Therefore, the Mydoh app helps you observe your children further, giving you an insight into their relationship with money.

Mydoh Smart Cash Card cons

The Mydoh Smart Cash Card also comes with some downsides. Thus, it’s vital to list them to help you make a more informed decision should you get this card.

Monthly Fee

To maintain an active account, you must pay a monthly fee of $2.99. Though Mydoh offers a complimentary 30-day trial, the fee structure kicks in once this expires.

More Accounts to Manage

Using this cash card means you’ll need to manage another account. This involves remembering additional login information and installing an extra app on your phone​.

No Rewards Program

This cash card is not associated with any specific rewards program. So, cardholders cannot earn points or cash back while making purchases.

Mydoh Smart Cash Card fees

The Mydoh Smart Cash Card app comes with a monthly fee of $2.99. However, you won’t start paying the monthly fee upon sign-up. A free trial of thirty days begins immediately after you register an account. After the trial expires, you will start to pay the monthly fee of $2.99.

Other credit card options besides Mydoh Smart Cash Card

Mydoh only offers one card type, which is the Smart Cash card. So, if you’re looking for an alternative, here are some options to consider:


Walo is an app produced by a fintech company that goes by the same name. The app can be connected to your bank account. Like the Mydoh Smart Cash Card, you can automate allowances and assign tasks to your kids. You can also track their progress through the app and send them money.

CIBC Smart Start

The Canadian Imperial Bank of Commerce (CIBC) powers CIBC Smart Start, a popular account for kids. Previously known as the CIBC Advantage Account, this option doesn’t charge you anything to open or use. It also permits Interac e-Transfers, offers a free debit card, and provides 0.05% interest on the account balance.

How to Get the Mydoh Smart Cash Card

Royal Bank of Canada (RBC) is the bank behind the Mydoh Smart Cash Card. Thus, you must be an RBC account holder to use Mydoh. Follow these steps to open a Mydoh account:

  • Download the Mydoh app from either Apple Store or Google Play Store.
  • Open the app and click on “Create a Parent Account.”
  • Enter your email address and verify it using the verification code sent to that address.
  • Enter your RBC Online Banking account to verify your identity or scan your government-issued ID.
  • Upon approval of the account, send money from your RBC account to the Mydoh Smart Cash Card Wallet. You can do this using Interac e-Transfer.
  • Get your kids to download the app and show them how it works.

Mydoh Smart Cash Card conclusion

The Mydoh Smart Cash Card doesn’t only allow you to send money to your kids; you can also control their spending. It is a perfect opportunity to teach your kids about money and how to use it. You get to assign tasks to your kids, who receive payment after completing the task.

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FAQs about the Mydoh Smart Cash Card

Can the Mydoh Smart Cash Card be used online?

Yes. This cash card is a physical and digital card. Thus, it can be used to make payments both online and physically.

Is the Mydoh app safe?

Your money is safe because RBC is backing Mydoh. Your RBC banking bona fides, driver’s license, and issued Canadian passport are used to verify your identity. Thus, no one but you and your children have access.

Is the Mydoh app free?

A free trial on the Mydoh app activates when registration is completed and lasts 30 days. Once the offer expires, you will start paying the monthly fees.

Mydoh Smart Cash Card Details

Network Provider
Card Type
Secured, Student
Rewards Type
Annual Fee
Purchase Interest Rate
Credit Needed
Poor (300 - 559)

Mydoh Smart Cash Card Offices

Phone Number
1 (888) 696-9364
Mon – Fri from 9 a.m. – 5 p.m. EST
20 Bay Street, 17th Floor Toronto Ontario M5J 2N8 Canada
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Mydoh Smart Cash Card Card Details
  • Min. Credit :
    Poor (300 - 559)
  • Card Type : Secured, Student
  • Reward Type : Specialty
  • Providers : RBC
  • Network Provider : Visa
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