With the popularity of Canadian online casinos rising, it’s becoming increasingly more important that they offer players the most up-to-date, convenient, and safest banking options. Interac is an option that many Canadians are used to using in their day-to-day life, so it only makes sense that they are able to use it when playing at their favourite online casino too. Here we lay out the process of what using Interac is like for Canadians, as well as the pros and cons, and bonuses available to Interac players.
Best Interac Casinos (February 2024)
What is Interac?
Interac is a highly secure and popular banking method used by many Canadians. This specific banking method allows people and players the opportunity to transfer funds between their own personal bank account and either a merchant or, in this case, a casino. Interac has become an extremely popular banking method due to its ease, and the fact that when someone is transferring funds, there is no reveal of sensitive financial information, unlike some other methods.
How to Use Interac at a Casino
Now that we’ve got a better idea of what Interac is, it’s important to figure out just how it works. Keep in mind that the banking process is a little different at every online casino, so we’re just going to generally run through what the process will look like for most.
How to Make Casino Deposits Using Interac
When it comes to making a deposit with Interac at a casino, the process is pretty straightforward. Players should receive an email confirming their Interac transaction has gone through. The casino account should be automatically updated with the new casino credits.
Use the Cashier Page
Head to the Cashier or Deposit section of your chosen casino.
Select Interac e-Transfer
Once there, select Interac as your payment method. Choose either Interac e-Transfer or Interac Online.
Fund Your Account
Enter the amount ($) you would like to deposit.
Select Your Bank
Enter your bank information and whatever verification documents the site requires.
Interac Account Information
Enter the appropriate account information. Remember to confirm your deposit, plus the deposit amount ($).
How to Use Interac for Withdrawals
If this is your first time making a withdrawal, you’re going to need to verify your account. Follow the individual casinos’ rules to know what to do. After that, when you’re ready to pay out your casino game winnings, the process is again, pretty simple.
Sign into your player account, then click on the Cashier link on the homepage.
Select Interac from the list of withdrawal options. On the first withdrawal, provide all relevant payment information and documentation.
Confirm Payout Request
Enter the amount you wish to receive. Confirm personal details. Also confirm your withdrawal request.
Wait for Winnings
Send your request, then wait for the winnings to appear in your bank account. Your gaming funds are now available for another Interac transaction.
Why Should You Consider Using Interac?
There are many reasons online casino players should consider Interac, but there are also elements that may cause one to hesitate. Let us break down the pros and cons of this banking method so you can know whether it’s the right choice for you.
|✔️ Easy, Safe & Secure Encryption Technology
|❌ Not Always Available for Withdrawal
|✔️ Transactions are in CAD $
|❌ Not Supported by All Canadian Banks
|✔️ Low to No Fees
|❌ Transaction Notices are done via Email (Phishing)
|✔️ Quick Withdrawal Times
Along with these pros and cons, there are many other things you need to consider when trying out a new banking method. Always make sure a specific banking option fits your lifestyle before switching.
Interac Online vs Interac e-Transfer – What’s the Difference?
Both methods allow you to pay with funds from your Canadian bank account. Interac e-Transfer lets you send money to anyone with a Canadian bank account and an email. CertaPay backs the Interac e-Transfer service, while it is subject to oversight by the Bank of Canada.
Like Interac e-Transfer, Interac Online allows Canadian consumers to pay for goods or services directly from their bank account. It is designed for usage at online merchants outside Canada and is, therefore, more flexible than e-Transfer. In either case, no financial information is shared with the online merchant, so payments are more secure than credit card payments using Visa or MasterCard.
Interac Casino Bonuses
We have yet to come by an Interac-specific bonus at any of the casinos we recommend. But that doesn’t mean you don’t get to reap the juicy rewards of bonuses when using this banking method. There are plenty of bonuses that you will be able to take advantage of when paying with Interac, here are some of our favourites:
Welcome bonuses are a great opportunity for Interac users. They really allow players to get the most out of their money. Welcome bonuses usually come in the form of match bonuses, so that means the casino will match your deposit up to a certain percentage. For Interac users, this means the money can be doubled, or sometimes even tripled.
Matches don’t only come with a welcome bonus. Many casinos offer this as a daily, weekly or monthly promotion that players can take advantage of whenever they like. A typical match bonus looks like a % match up to a certain amount of money. (i.e. 100% Match Bonus Up Too $1000) This means, if a player deposits $500, the casino will match that and deposit another $500 into the players account.
This one doesn’t exactly count, but we still think you should take advantage of it when you’re using Interac. No Deposit Bonuses are exactly what they sound like. A cash bonus that comes with no deposit necessary. These bonuses are usually small, but hey, free money! Players using Interac should definitely take advantage of this.
Very much so. Interac is known for being one of the most secure and safest banking methods in Canada. Players can know their information is kept safe with Interac as they have the highest level of encryption technology on the go.
Yes. Interac is only available for those who are connected to a Canadian bank.
In short, the main difference between Interac Online and Interac e-Transfer is ease of use. While Interac e-Transfer requires a player email for use, Interac Online connects automatically to your bank account through a gateway. That being said, both options are relatively seamless and popular among those choosing Interac.
This depends on the casino. Most casinos set their own maximum limits for how much they allow to be deposited or paid out. Check the site’s banking page, or terms and conditions to find this information.
We trust every casino we recommend, so we can’t rank one over the other. Players can rest easy knowing that any casino that offers Interac as a payment method has to be safe; otherwise, they would not associate themselves with that casino.