Interac is renowned as the ideal payment method for Canadians at online casinos. If you want to process bank transfer deposits (and withdrawals) in total security, then Interac is well-suited. However, first, you will need to find an online casino that is prepared to offer you the service. Virtually all Canadian casinos can do this but look at our selection of the best Interac casinos out there.
You will not find a shortage of online casinos that accept Canadian players and Interac. Indeed, the two go together. However, there are still ways to break down your choice of Interac casino further. After all, no two online casinos are alike. Our search system can help with this.
One of the best ways to find an ideal Interac casino for yourself is to use our search criteria system. This allows you to filter out casinos based on the bonuses they offer and many other preferences. Give it a whirl today to find the perfect Interac casino for you.
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Interac has a history that stretches back to 1984. Interac has long been an interbank network that processes bank transfer payments digitally. The perk is that virtually all major Canadian banks and financial institutions are signed up to the platform. Over eighty different financial institutions are currently affiliated with Interac, which remains a distinctly Canadian-only option. The payment method is also well suited to the online casino world, assuming those casino sites accepted Canadians.
Today, Interac offers multiple services. Interac Debit is essentially a debit card affiliated with a balance on your Interac account. Interac e-Transfer is arguably a mobile service. It allows you to process financial payments (such as casino deposits using nothing more than a phone number or e-mail address). This service also facilitates payment requests (withdrawals). Finally, you have Interac Online. This service allows you to process bank transfers securely, without showcasing your personal or financial details to the recipient. Most Canadians betting online will use this option.
Close to 160 million Interac e-Transfer transactions valued at over $60 billion were conducted in 2016. The service enables users to send and receive money using online or mobile banking while established banking procedures safeguard their cash. Implemented security measures include authentication and transaction encryption, ID and password issued by the financial institution, and a secure login process.
Request Money feature allows customers to easily request payments, while the Autodeposit feature makes it possible to have funds automatically deposited into their bank account.
You must first decide which Interac service you wish to use. Here is how you go about each:
Sign up for an Interac debit card at their website, and top-up your balance there
Download the Interac app
Download the Interac app and sign-up to use Interac e-Transfer
Select Interac at the casino
Simply select Interac as your payment provider at your casino to use Interac Online
Before you can deposit with Interac, you need to make sure that you have an account with an Interac affiliated bank or financial institution. You can find a list of these on Interac’s website. Making a deposit at online casinos with Interac depends entirely on the payment method you choose to go with. Interac Debit deposits are made using the same process you would for a debit card, so read our guide on that to learn more. Interac e-Transfer deposits are not common at casinos, but at some sites, it is possible to do by obtaining the site’s address on the payment methods page.
Interac Online is arguably the most common way to deposit at online casinos. This involves a bank transfer. Fortunately, your details will remain hidden from the casino, giving you total security. Let us focus on this payment method and learn how you can use it below.
Given that you must have an account with a bank or financial institution based in Canada, we might as well just conclude that Interac is a Canada-only payment method. However, it is worth pointing out that you do not necessarily have to live in Canada to use Interac. Canadian expats can, for instance, use Interac provided they still have an eligible bank account.
Again, as Interac focuses purely on the Canadian sector, it goes without saying that the Canadian dollar is the currency of choice at Interac. It is possible to send Interac transfers to casinos that do not accept Canadian dollars, but this would cost you a currency conversion charge. We do not recommend this as all top casinos that accept Canadians will also accept Interac as a payment method.
Of course, as the types of casinos that you can choose to use Interac at are limited, so, too, are the types of exclusive bonuses you can claim. It is possible to pocket all sorts of conventional casino bonuses using Interac, such as deposit offers, loyalty deals and monthly specials. But Interac-specific offers are far more limited.
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A handful of Canadian casinos may be prepared to offer you tasty deals, such as small match deposit reload bonuses when you choose to deposit using Interac. However, do not expect these offers to appear regularly, and many casinos avoid them entirely. Again, this is something you may wish to check before you decide to commit to playing at one Interac casino over another.