The Smart Card includes a digital and physical Visa Prepaid Card1. Mydoh is designed to enable the right spending habits at a young age and empower youth to experience financial independence. The Mydoh app is available on iOS and Android devices across Canada and is offered and operated by Royal Bank of Canada. While backed by the security and trust of RBC, Mydoh is also available to customers of other Canadian banks.
Using digital ID verification, Mydoh allows parents to securely sign-up in less than five minutes. Parents then invite their kids to create their own personalised account on the platform to access a digital Visa prepaid card immediately upon sign-up, and then they receive a physical Visa Prepaid card. Parents can lock and unlock their child's card at any time.
The physical Visa Prepaid card only bears the holder's name and expiry date on it, but does not include the card number or other credentials. The card credentials are only available in the Mydoh app.
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