Canada’s biggest bank rolls out money management app for kids: Why it matters

Mydoh app used by a child
Mydoh app product image. Credit: CNW Group/RBC Ventures.

On August 11, RBC Ventures (a subsidiary of Royal Bank of Canada, the country’s largest bank by market capitalization) rolled out “Mydoh” which combines a money management app for iOS / Android devices and a Visa Prepaid Card for kids.

This offering is unique in Canada as it is the only product that unites a basic payment card that…