FAQ / Making Payments and Transfers / Child to Parent Transfers

Are there limits to my child transferring money to my Wallet?

Kids can of course send money back to their parents when needed, and very easily at that! When sending money back to the parent account, it is important to note our few transfer limits, which are listed below:

Child to Parent Transfers	$CAD
Maximum amount Children can send to parents per day	$999.99
Maximum amount Children can send to parents per month	$999.99
Number of times Children can send money to parents per day	2
Number of times Children can send money to parents per month	10

Money sent back from the kids is sent to the parent wallet. If there are two parents or legal guardians on an account, the money is not sent to one specific parent, it is instead deposited into their shared wallet.

Note: Notwithstanding the above, the maximum that can be deposited from all sources is $1500 CAD per calendar month. This includes all types of deposits to the child account including funds sent from parents, third-party deposits, or any other future methods of deposit that Mydoh implements. This does not apply to transfers between kids’ spending and savings.

If you have any questions or comments, please feel free to reach out to our support team via the in-app chat, and we would be more than happy to continue the conversation there!

Learn more about transfers and limits: