Interac Casinos Canada - make secure deposits and quick withdrawals

The Interac casino payment system is a Canadian debit card scheme that works via an interbank network. It links financial institutions with merchants for the purpose of exchanging funds electronically. Interac makes up one of the top five online payment methods for Canadians, among VISA, MasterCard, American Express and PayPal.

Interac e-Transfer allows you to send money to any Canadian who has a valid email address or a mobile phone and has an active account at a Canadian financial institution. You simply need access to an account at a participating financial institution and the email address or mobile phone number of the intended recipient in order to effect the transaction.

Interac Online allows you to shop online and pay for purchases through Online Banking directly from your bank account with RBC. It is secure and easy to use as you do not need to create any online accounts or passwords.

1. Log into your online banking account or mobile banking app
2. Select “Interac e-transfer” from the available options
3. Enter your personal information
4. On the set-up page, enter your name, email address, mobile number and how you wish to be notified. Click next
5. Read and agree to Interac’s terms and conditions
6. You will receive a notification to confirm your registration and can now begin your transaction

Depositing and withdrawing from your casino account couldn’t be easier, faster, or safer when using Interac. When logged into your casino account, head on over to the cashier section and select Interact from the list of payment / withdrawal options available. Follow the necessary prompts from there i.e. selecting how much you would like to deposit or take out, hit enter, and either start playing immediately or wait a few hours (at most) for your funds to come in. It’s really that simple!

Advantages

Interac is already well-known in the Canadian market as a purchasing method for goods and services
Interac is linked directly to your bank / credit account, so many online casinos that accept this method for deposits will allow you to withdraw back to it as well.
Payouts will go straight to your account without any delay or bank wire fees.
Multiple layers of security mean you are safe from fraud and never have to reveal your bank information to the casino.
You can halt an erroneous transaction, even after confirming it via a status message you will receive.

Disadvantages

Actions must be completed to affect each transaction and are subject to a 30-day life cycle. So, if a casino somehow neglects to debit your Interac account, yet funds your online casino account, the transaction will expire in 30 days. If you don’t notice that you played for free, it may be cumbersome to sort the issue out.
As all transactions are notified to you via email you may fall victim to phishing when hackers email you asking for sensitive information.
Not all online casinos accept Interac outside of Canada.

Interac E-transfer is commonly used to transfer funds to family and friends. You affect the deposit by entering an email address and it is widely accepted. When using this method at an online casino you will be asked to provide a specified email address and answer a security question. Interac Online is a more seamless process as you can transfer funds directly from your bank account without the need to provide an email address, it is also slightly faster than E-transfer. This method is not as widely available, however.

Interac Online can be used at selected online casinos that accept transactions from First Nations Bank of Canada, TD Canada Trust, RBC Royal bank and around 70 credit unions.

No, this service is only available to players who hold a Canadian bank account.