Interac casino banking is one of the most straightforward, and safest, methods of payment for Canadian players. This is down to a lot of reasons, but mainly because the Canada-exclusive service is a debit payment service. Effectively, this makes it the ideal casino banking method.
That means you can’t over-draw or go beyond your wallet’s limit when it comes to online gambling. Not to mention that using Interac banking is incredibly easy since it’s so well integrated into all major CA banks.
Interac users – you might be asking yourselves, that’s all well and good. But where can I find the best Interac online casinos? And how does Interac work for casino banking? For the former, just check out our comprehensive list down below. It’s Casinos.co certified!
For the latter, just keep on scrolling down below for more.
Since Interac is an integrated payment system at most Canadian banks, Interac e-transfers are super simple. You use e-transfers to request payments, send payments and receive money directly from a bank account.
In order for an e-transfer to take place, you just need to have access to either online or mobile banking. It doesn’t matter what portal you’re using, or what bank you have as long it’s one of the banks affiliated with Interac.
The below is a selective list of the most reputable banks associated with Interac:
Canadian Imperial Bank of Commerce
TD Canada Trust
Credit Union Central of Canada
Royal Bank of Canada
Once you’re logged into your account, you just need to type in the email address or mobile number or bank account you want to send money to.
The best part about it?
You don’t need to share any of your private financial information to do it, making it even safer.
Is Interac safe?
Although Interac is a relatively new addition to online casino banking – the company has been around since 1984. Starting out just as a debit card system, it quickly grew to include more methods of payment (online, mobile, contactless etc.). As it grew, so did its safety measures.
As already stated above, using Interac e-transfers is super safe because there is no transfer of personal details. Again, this makes it a great choice for online casino banking. If you’re skeptical about what the online casino can do with your information (you don’t have to be if you choose the right casino), then Interac is a great choice for you.
As you can see, even in recent times, Interac keeps up with the most recent technological developments in order to prevent fraud and other safety issues.
The payment service utilizes state-of-the-art fraud detection tools in order to prevent it from happening in the first place. The EMV chip technology implemented in 2016 makes it almost impossible to create counterfeit debit cards. The same cards linked to bank accounts used for e-transfers.
Even mobile payments are made using touch ID and passcode verification.
In addition to all this, Interac is part of the Canadian Code of Practice for Consumer Debit Card Services. Its codes are framed within the Interac rules and regulations. Basically, it means that the consumer is not liable for circumstances beyond their reasonable control when it comes to fraud. This applies specifically when using Interac Debit, Interac Flash and Interac Online.
The good news keeps on rolling in for Interac casino banking users. It’s unlikely you’ll ever get bitten by the fraud snake just by using common sense when making transactions (like, don’t tell people your passcode) and using Interac.
Does Interac e-transfer cost money?
The short answer is: nope. It does not cost money to use Interac e-transfer. It’s actually free from the provider’s end. However, there is no telling if the financial institution you’re using will impose a small fee on the transfer between bank accounts.
When it comes to using e-transfer for your casino account, the payment service usually comes with a flat rate of $1 when depositing. The flat rate of $1, or sometimes even $1.50 depending on the bank you’re using, applies whether you’re depositing $20 or $2,000. It’s yet another bonus to using Interac as your casino banking method of choice.
After all, there’s a reason that Interac is one of Canada’s leading payment brands. According to statistics, it’s chosen on average 16 million times daily for payments and exchange in Canada.
How to use Interac casino banking?
Why choose Interac?
Fact of the matter is, there a lot of reasons as to why Canadian players should be using Interac. Much like iDebit/Instadebit, and ecoPayz, banking with Interac makes everyone’s life a whole lot easier. If you’re Canadian, duh.
Here are just a few quick advantages of using Interac if you’re a casino player.
1. It’s designed by Canadians, for Canadians
This fact alone assures a high standard of customer care and product finesse. You don’t have to worry about currency conversion or other unexpected hiccups that would effect you.
And since you’re using a Canadian specific payment service, the entire casino banking process is made much smoother for you – the player.
2. It’s extremely safe and secure
You can scroll further up for a more detailed analysis of the security offered by Interac. But, thanks to its fraud detection tools and chip technology, it is virtually impossible to ‘hack’ the Interac payment system.
It helps put your mind at little more at ease when using Interac to carry out casino banking interactions.
3. It’s a strictly debit system, across all different platforms
Since Interac only deals in debit, not credit, it a great way of keeping your gambling habits in check. Keep your online casino experience fun, without maxing out your credit and putting yourself over the limit.
So, using Interac for casino banking is actually a wise move on your part.
4. It comes with a flat rate when making casino deposits
Again, as specified above – Interac uses a flat rate of either $1 or $1.50 when making deposits. Any increase on this depends on the financial institution you use via Interac, and the online casino itself.
But it’s a big plus that you pay $1/$1.50 whether you’re depositing $30 or $3,000. It’ll save you a lot of money in the long-run of things.
Using Interac casino banking is just like using any type of casino banking. We’ve broken down the process for you into simple steps.
Log into your casino account: If you’re signed up with any of the above recommended Interac casinos, just log in. If you’re not, now’s the time to create your account! Remember, Interac is a relatively new casino banking method. Not every online casino will have it.
Make sure your account is verified: Have you sent the online casino all the documents it needs to verify your account? If yes, you can proceed to making fast deposits and withdrawals. If not, do it. It’s completely safe (make sure it’s a recommended and reputable casino), and makes your online gaming experience much more enjoyable.
Head over to the Cashier/Deposit section: Every online casino has one of these. They can be called either the ‘Cashier’ section or the ‘Deposit’ section, and they operate just like cashiers at land casinos.
Select ‘Interac’ from the list of payment methods available: Again, quite self-explanatory. Online casinos typically have a wide range of banking options. In this case, go with Interac.
Enter how much you’d like to deposit: The ball is in your court with this. You get to select how much you’d like to put into your casino account from your bank account. Hit enter, and you’re ready to get playing and spinning.
Withdraw in the same exact way: Perhaps instead of going to a Deposit section, you need to go to a Withdrawals section. Repeat the same process – choose Interac, choose how much you’d like to withdraw – and wait a few hours.
The great thing about Interac is that, unlike other withdrawal methods like bank wire or even credit cards, you don’t have to wait three days to get your money. It’ll take a few hours at most.
And there it is – how to use Interac casino banking. Easy, right?
Best Interac casino bonuses
Technically, there aren’t any specific casino bonuses attached to the Interac payment method itself.
However, each of the online casinos recommended above have amazing welcome offers and frequent promotions that are really worth your while. Couple that with the ability to make deposits and withdrawals with Interac banking, and you have yourself sorted!
Just as a refresher, these are the top online casinos that offer Interac casino banking and also come with awesome bonuses:
Take a wander over to any of these top notch online casinos, and you won’t regret it.
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