Interac Casinos for Canadian Players

As a Canadian interbank payment network, Interac leverages the existing infrastructure of online banking systems to move money instantly from players’ bank accounts to the recipient’s account and facilitate transactions in the opposite direction for withdrawals. Since Interac doesn’t hold money, but is merely a service that moves it, the fees are low or none and transactions are fast.

To make the most of Interac casino transactions, first-time users must ensure their bank is integrated into the Interac network and supports e-Transfers. Another thing Interac users can do, particularly those focused on instant deposits and fast withdrawals at Canadian online casinos, is to set up auto-deposit with only the email required and without answering the security question to confirm payments.

Checking if Interac casino limits align with players’ preferences can also be considered a prerequisite to gambling with Interac. Most Interac casino deposits start at CA$20, while maximum limits per transaction are usually set at CA$5,000 or higher, depending on the casino.

Something similar applies to withdrawals, but usually the minimum payout threshold is higher and set at about CA$50, while most casinos have maximum daily and monthly payout limits of about CA$3,000 and CA$20,000, respectively. It’s inportant to note that banks integrated with Interac online casinos impose daily, weekly, and monthly limits of their own, unless you’re playing at a no withdrawal limit online casino.

Below, we detail how deposits and withdrawals with Interac at online casinos work.

Depositing with Interac

When depositing with Interac, Canadian online casino players should do the following:

• Log in to the online casino account.
• Select Interac e-Transfer at the casino’s Cashier.
• Enter the amount to deposit.
• Confirm the deposit via the online banking portal.
• Interac deposits are instantly credited to players’ account balance.

Withdrawing with Interac

Interac withdrawals are straightforward and allow players to collect their online gambling winnings within 24 hours or a couple of days at most. Here’s how they can do that:

• Navigate to Withdrawals.
• Click on Interac e-Transfer.
• Type in the amount to be withdrawn.
• Confirm the email address.
• Withdrawals are processed and sent via Interac.

Providing Canadian players with a fast local payment method to transact while gambling online, Interac casinos enable hassle-free gaming, as gamblers don’t have to worry about currency conversions or unfamiliar international payment processors. To use Interac at online casinos in Canada, gamblers don’t need to set up a new account, as Interac relies on the existing online banking infrastructure. Moreover, since the majority of the big Canadian banks are integrated with the Interac network, it is easy for players to conveniently deposit and withdraw in CAD. Additionally, most online casinos that target Canadian audiences support Interac, so gamblers can enjoy further convenience, using a straightforward and secure payment service they are familiar with.