Interac E-Transfer at Online Casinos in 2023
The Canadian companies Interac Association and Acxsys Corporation came together to form Interac Corp ↱. The company has a 30-year track record for making money transfers. There are a number of shareholders of Interac Corp that includes payment processors, merchants, caisses populaires, banks and credit unions. These include some of the bigger names like Scotiabank, TD Canada Trust, RBC Royal Bank of Canada, HSBC, CIBC, BMO Bank of Montréal, Tangerine Bank and ATB Financial.
They average over 16 million transactions per day and 6 billion per year, reliably securely and safe. They have one of the lowest rates of Rod globally which had the conference to users of their products. Besides Interac e-Transfer, they offer a number of other services. These include Interac cash, Interac Debit, Interac Flash, Interac e-Transfer ↱, Interac Online, mobile payment solutions and international services.
Trusted Online Casinos with Interac E-Transfer
We have put together a list of the best online casinos that accept Interac e-Transfer. These casinos are licensed and regulated in jurisdictions that are reputable. Most of these casinos also allow you to make deposits in CAD. We've created detailed casino reviews for each of them where we cover the games that they offer, their deposit and withdrawal payment methods, their bonuses, bonus terms, customer support and more! You can see them here.
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*Bonuses are tied to T&Cs. Bonuses can change any time.
Table of contents:
Other types of Interac products
Interac Cash: Interac Cash gives Canadians access to their cash at all ABMs that display the Interac logo across the country. You'll need an Interac branded debit card which is protected with a personal identification number (PIN). After choosing the withdrawal amounts, withdrawal account, entering the PIN and confirming the withdrawal, your request will travel through the Inter-Member Network where the details that you have entered are verified by your own financial institution.
Interac Debit allows you to withdraw funds from your bank account. It is a good alternative to cash, as it lets you make quick purchases for everyday items with transactions that are approved online in real time between the merchant and financial institution. Around 1 million merchants located throughout Canada accept Interac Debit.
Interac Flash: Interac Flash represents Canada's first contactless debit solution. It lets you pay for everyday items fast safely and conveniently simply by tapping a reader at your merchant.
Mobile Interac Flash: Mobile Interac Flash uses the same Interac Flash debit technology using a mobile wallet.
Interac Online: Interac Online allows you to make payments and shop online at one of hundreds of merchants including online casinos. The funds are directly dependent on your account with safety ease and security in mind. You'll have no need to create a new account since the payment is completed via your financial institution. The casino need never know your payment details which would include your accounts, name and password.
Interac International services: It is also possible to use your debit card in the US at roughly 2,000,000 retailers in collaboration with the US debit network NYCE.
Pros and Cons of Interac E-Transfer
|✔||Fast, safe and secure online banking transfers|
|✔||Withdrawal from casino account is possible|
|✔||Well-known brand used by 250+ financial institutions|
|✖||Only available to Canadian players|
|✖||Players may incur a fee to use|
Deposits at casinos with Interac E-transfer
In Canada there are presently over 250 institutions that facilitate Interac e-Transfer. To get started, you simply need to select the account that you want to transfer the funds from. After that you'll need to add the account of the casino that you want to deposit funds to and the amount that you want to transfer.
The recipient will be notified. It's important to remember that the funds do not travel by email or text message, just the notifications and deposit instructions. The funds are transferred through a secure banking protocol and will be credited within minutes to your player account.
Withdrawals at casinos with Interac e-Transfer
A withdrawal using Interac e-Transfer from one account to another is possible which will transfer the funds into your bank account. There is no need to share information with the casino such as account details, etc. You'll simply need to navigate to select the option from participating online casinos where you'll be directed to your online financial institution using Interac e-Transfer.
Using an email address or mobile number you can choose where to send the money to. Finally, answer your security question and funds should be credited to your account and notified within 30 minutes. Also, keep in mind that most casinos will require you to have also used the payment method for the deposit, and only then it's possible to also use it for the withdrawal.
Interac e-Transfer fees
Interac does not charge any fees to the customer (player) as the fee will be paid by the financial institution. The financial institution may then pass on a fee to the player but this is up to them.
Interac e-Transfer is a secure, safe and fast method of making payments. To take advantage you'll need to have a bank account at a financial institution to make online casino deposits and withdrawals.
The company is well-known in Canada, performing 16 million daily transactions and over 6 billion per year. It is the most widely used payment method in Canada.
Overall, it's a convenient payment method to make deposits and withdrawals to online casinos, but these transactions will appear on your bank statements as well, so it's not very private.
Interac E-Transfer FAQ
A deposit to a casino made with Interac e-Transfer is quick and easy, and you should be able to play your favourite casino games within moments. A transfer is confirmed by your bank, so you also need to make sure that your account can cover the requested amount.
Yes, you can use Interac e-Transfer also for the casino withdrawal, provided you've also used it previously to make the deposit. The transfer is carried out within moments, after it's been processed by the casino. Remember, that casinos will apply some time to process withdrawals, and if you've not verified your identity yet, it may take even longer.
The Canadian company Interac Corp offers a number of different payment solutions and works with over 250 institutions. They have a 30+ year track record making them one of the oldest fintechs in Canada, and the largest. This makes them safe and secure. The transactions are also safe, as they are only transmitted through secured connections, and have to be confirmed with unique transaction identifiers from your bank.
Casino players from Canada are often offered welcome bonuses and other casino promotions where they can get bonus money or extra spins for their deposit. You may also be able to claim this bonus when making a deposit with Interac e-Transfer, but to make, sure take a look at the bonus T&Cs, as casinos sometimes exclude specific payment methods from bonuses.
Interac e-Transfer is a product of Interac Corp, which was established from a collaboration of Interac Association and Acxsys Corporation. The company has been operating in the financial market since 1984.