Interac Casinos 2023 – Canadian Online Bank Transfer Method
Interac is an online bank transfer service available to Canadian players that safely transfers money to and from the Interac casinos. It’s one of the most reliable payment methods in the industry, and your deposit will appear in your casino account in an instant.
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What Is Interac?
Interac is a bank transfer payment service that allows casino players to deposit and request withdrawals by logging into their internet banking. It's one of the most popular payment services in Canada, registering at over 25 million active users every month.
Having been around since 1984, Interac has managed to build a strong reputation over the years, and is well-practised in providing excellent customer service. As an interbank network that has been around for decades, you can trust that your money will remain safe and secure in their hands.
It also works closely with all the major banks and financial institutions in Canada, including the Royal Bank of Canada, the Canadian Imperial Bank of Commerce, Scotiabank, Toronto-Dominion, and Desjardins. Interac also enables mobile payments through Apple Pay and Google Pay if you hold an Interac debit account.
As one of the most prevalent payment methods in Canada, you’ll find that many casinos accept Interac as a payment method.
What’s the Difference Between Interac Online & Interac e-Transfer?
Although they work in a similar way, Interac Online and Interac e-Transfer are not the same. Both of these payment methods will allow you to make transfers to an online casino, but the way they operate is slightly different.
Interac Online allows you to deposit and withdraw through the online casino itself. Once you deposit or request a withdrawal, you’ll be transferred to a third-party server to log in to your bank account and complete the transaction.
Interac e-Transfer puts you in charge of sending money by logging into your bank account and sending the deposit to your online casino via an email address or bank account.
You can't request a withdrawal through Interac e-Transfer, but you can request a withdrawal when choosing Interac Online.
Is Interac the Right Payment Method for You?
As one of the oldest payment methods to date, Interac is a trusty option to use when making any online transactions. Not only will you receive your money quickly, but you'll rest assured knowing it'll remain safe and secure. Interac deposit casinos are already exceptionally popular, so it takes very little convincing to pick this option as your preferred payment method, especially because it’s connected to your online bank account already. Below, we've listed a few other reasons explaining why using this payment method is worth it.
Interac Has a Solid Reputation
It's solid reputation sells itself – Interac has been in the business for decades, so the company definitely knows what it’s doing. If it wasn’t so successful, it wouldn’t be around today.
The fact that it works closely with Canadian banks to deliver exceptional service to all customers is a positive indicator, as these trusted financial institutions wouldn’t work with the company to deliver money transfers if they didn't think it was reliable.
If you’re a player that worries about safety when depositing to an online casino, you can put your mind at rest knowing that this is one of the most reputable payment services in the industry.
There’s No Need to Create an Interac Account
Interac is already linked to your online banking account, so there’s no need to create an account on their end. Whether you choose to deposit with either Interac Online or Interac e-Transfer, all purchases are done via online banking. You’ll just have to make sure that your bank account accepts Interac transactions.
Interac Casinos Process Your Transactions Instantly
The last thing you want when depositing to an online casino is to be kept waiting. Interac uses the best technology in the industry to process your transactions quickly, so that your money will appear in your account in the blink of an eye.
The same goes for withdrawals: once your winnings have been processed by the casino, Interac will work fast to get this money into your bank account. This neatly does away with the need to transfer it over to your bank from another source, like with an e-wallet deposit.
Interac Deposit Casinos Are Easy to Use
You won’t have any trouble making a deposit or requesting a withdrawal when choosing Interac as your preferred payment method, since the interface is very easy to use and understand. There are only a couple of steps you need to follow.
Don’t forget: the procedure for Interac Online and Interac e-Transfer are different, so check whether you’re following the right procedure while making your transaction.
We’ve provided instructions on how you can deposit and withdraw to Interac casinos down below for some extra help. You’ll also be able to find valuable information on how to make an online transaction on Interac’s website.
There Are Many Interac Casinos
Interac is such a popular payment method that any Canadian casino that doesn't support it is a rare exception. Many players choose to deposit at Interac casinos because it’s connected to their online bank account already, offering convenience and making the procedure faster.
You'll have to check whether the casino offers both Interac Online and Interac e-Transfer, depending on your preference, but most of the time, casinos will provide both options.
Are There Any Fees at Interac Casinos?
Interac e-Transfer charges a flat rate fee of $1 for each transaction you make. While paying any fees can be annoying, at least you know that your money will be directly transferred to and from your bank account; there’s no hassle of having to make another transfer from another source. It’s also great to know that the fee remains the same no matter how much money you choose to transfer.
Interac Online will not charge you any fees when making a deposit or receiving a withdrawal, making it the preferred option of the two. In both cases, you'll still need to check whether your bank will charge you any additional fees. Casinos may also charge a small fee to process any payments, which could either be added or deducted from the total amount. Interac casinos will have to display this information if this is the case, and you’ll be able to check in the T&Cs whether a fee is involved.
Are There Any Limits at Interac Casinos?
Both Interac Online and Interac e-Transfer are subject to monetary limits, which means there’s only a certain amount of money you’ll be allowed to transfer. With Interac e-Transfer, there’s a maximum limit of $3,000 you’re allowed to transfer in one day, but you can't send or deposit more than $10,000 in one week. Interac Online limits are set by your personal bank account, so you’ll have to contact your bank to get access to this information.
Neither Interac Online nor Interac e-Transfer has a minimum limit, meaning you can deposit and withdraw as little money as you like. However, be aware that some casinos will be subject to a minimum deposit and withdrawal limit, which usually falls between $10 to $20. As always, these conditions will be listed on the casino’s website, usually in the “Payments” section, but you’ll always find this information in their T&Cs.
Disadvantages of Interac Casinos
There really aren’t that many disadvantages to Interac. If we really had to nitpick, we'd mention the fact that there is a small fee involved when using Interac e-Transfer, but even then, you’ve always got the option to choose Interac Online instead.
As Interac is such a large company, you may also need to wait to get some help from customer support, but there is a toll-free phone number if your matter is urgent. If you're experiencing any issues, the casino’s customer support team will also be willing to help.
One definite drawback, however, is that Interac is only available in Canada, and there don't seem to be any international expansion plans in the works. Players located in different territories will need to look elsewhere to make transactions using online banking. If you're located outside Canada, but would still prefer to make your casino payments via bank transfer, we recommend using Trustly.
How to Deposit to Interac Casinos
As we already explained, Interac Online and Interac e-Transfer work in different ways, so both have their own procedures when it comes to depositing to casinos.
Interac Online works the same way as any other online bank transfer. To make a deposit, go to your casino’s payment page, select Interac Online as your payment method, and enter the amount you wish to deposit. You’ll swiftly be redirected to your online banking account through Interac Online’s secure server, where you’ll be asked to log in and confirm the transaction. As soon as you authorise the deposit, your money will appear in your casino account upon being redirected to their website.
To make a deposit using Interac e-Transfer, you’ll also need to go to your casino’s payment page and select Interac e-Transfer as your payment method. The casino will then provide you with the details you need to complete the transaction yourself. You’ll then have to log in to your online bank account and send the money to the casino through your bank’s Interac e-Transfer service. Before you do this, make sure that your personal bank account is already registered to use Interac e-Transfer.
Before confirming any deposits, make sure you remember to enter your bonus code or deposit through the bonus link, so you don’t risk losing out on any promotions.
If you experience any trouble, the casino’s customer service team will be there to help guide you through the process.
How to Withdraw From Interac Casinos
Withdrawing at Interac casinos is just as easy as depositing. However, it’s worth keeping in mind that you can only request a withdrawal using Interac Online, as Interac e-Transfer does not accept any withdrawals.
To request a withdrawal, go to your casino’s payment page and enter how much of your winnings you wish to withdraw. You’ll then be asked to choose your payment method, where you’ll be redirected to your online bank account to authorise the transaction.
It’s best to allow up to five working days for your withdrawal to reach your bank account, as the casino will need some time to process and authorise the transaction. That being said, Interac is sure to transfer this payment over to your bank account immediately. If there seems to be a long delay, you have the option of contacting both your casino and Interac’s customer service team to help get to the bottom of the issue.
Gigadat is what allows your Interac transactions to process at such an incredible speed. Whenever you deposit or withdraw with Interac, you may see the Gigadat logo upon confirming your transaction.
The brains behind many online payment solutions, Gigadat pioneers in Canada process payments for you through their interbank network, making life much easier. Having first started offering payment solutions in 2013, Gigadat has grown to become a hugely popular Canadian payment service, processing payments across over 328,000 online merchants for 32 million customers across Canada.
The company is regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and complies with the Canadian Code of Practice for Consumer Protection in Electronic Commerce, so you can be sure your money is in the right hands.
The company works with several payment methods, but Interac remains its most popular payment solution. While Gigadat also offers the ‘Express Connect e-wallet‘, which you can access from the US, you’ll only be able to find Interac at Gigadat casinos. So if you see the Gigadat logo just as you’re about to make a deposit, there’s no need to worry, as you’re still making your transaction with Interac.
Interac Safety Features
Using the latest technology and end-to-end encryption to protect all money and data, Interac shows that they prioritise the safety and security of its customers, meaning you can deposit money at Interac casinos with total peace of mind. As a financial company that has been around for decades, reputation is key for Interac, so it cannot afford to taint its integrity by not investing in the latest security.
Interac will also never reveal any of your personal information to a merchant, as all your financial information remains private. There are also limits set in place to prevent large transactions for security reasons. In addition, all payments must be verified by you before they're allowed to take place.
Interac Casinos FAQs
Once you confirm your Interac transaction, your deposit should reach your casino account instantly. If it’s taking a while for your deposit to reach your casino account, you should contact their customer service team
Interac aims to process all withdrawals instantly, but please allow up to five working days for the casino and your bank to authorise the transaction.
Interac Online will not charge you any fees, but Interac e-Transfer will charge you a flat rate $1 fee for every single deposit you make. Your online casino may also charge a small fee to process your deposit and withdrawal.
Interac is a reputable interbank network that has been around for decades and has built a name for itself in trustworthiness. It utilises the latest technology to ensure your money and data remain safe and secure.
Interac is available to use at most Canadian online casinos since it’s a highly sought-after payment method. Scroll through the list of operators above to see for yourself!