Supported by hundreds of Canadian online casinos, Interac offer users instant deposits, fast cashouts, and enhanced security measures when they sign up. Below is a summary of the online casinos that accept Interac and the process of depositing and withdrawing from an Interac Casino.
Online Casinos That Accept Interac Ranked
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What is Interac?
Interac is a trusted digital payment system that provides a fast, convenient, and secure way to deposit money into online casinos via their bank account. Available exclusively for Canadians, users simply need to link their bank account to Interac.
Partnered with over 250 financial institutions in Canada, players simply have to select Interac as their payment method at a real money casino. Once selected, funds are transferred instantly in a secure, encryption-protected environment.
Pros and Cons of Interac in Gambling
Interac is considered one of the most reliable and widely used payment methods in Canada. With 6 billion transactions annually, it has become one of the most trusted payment methods for online merchants and online casinos due to its reputation for speed and quality of its customer service, which resolves any issues that may occur.
- Pros
- Users do not need to share banking details with casinos
- Transfers are usually processed instantly or in 30 seconds or less
- Interac is supported by most major banks and credit unions
- Works seamlessly with mobile banking and casino apps
- Typically does not involve extra fees for deposits
- Cons
- Interac only works with Canadian bank accounts
- Not all casinos offer Interac as a payment method
- Some Interac casinos online only allow deposits, but not withdrawals
- Some banks (such as TD and RBC) may restrict gambling-related transactions
How to Make a Deposit Using Interac?
Depositing at Interac e-transfer casinos is a straightforward process that is identical to depositing via any other payment method. A fast and efficient way for players who have already registered at one of our recommended Interac casinos to deposit money into their casino account, it entails:
- Logging into your casino account.
- Then, navigate to the casino cashier section.
- After that, select Interac as the method for payment.
- Next, enter the amount you wish to deposit.
- Submit your payment for approval by your bank.
Once you submit your Interac e-transfer for approval to your bank, it typically takes Interac 20 minutes or less to process it. Although payments processed via Interac Online are much faster, with the average processing time being 30 to 60 seconds.
Note that the casino determines the deposit limits for both. Likewise, most financial institutions will stipulate the minimum and maximum amounts you can transfer, and most will have daily, weekly, and monthly caps in place.
With that in mind, users need to verify their bank is linked to Interac and that their banking details and funds have been confirmed before attempting to follow the on-screen prompts to complete the transaction successfully.
How to Withdraw Winnings with Interac e-Transfer?
Withdrawing winnings via Interac e-Transfer is as easy as making a deposit. Fast and efficient, Interac withdrawals are processed quickly, with the average processing time for most online casinos taking between 24 to 48 hours.
Similar to Interac deposits, any transactional fees associated with an Interac withdrawal are incurred by the casino. As such, withdrawing via Interac is a straightforward process that entails:
- Logging into your casino account.
- Verify you have enough funds in your account and you have met the wagering requirements.
- After that, ensure you have verified your account for withdrawals.
- Once you do this, navigate to the casino’s banking section.
- Select Interac e-Transfer as your preferred payment method.
- Next, enter the amount you want to withdraw to your bank.
- Confirm your bank account details.
- Proceed with the submission of your Interac withdrawal request.
Types of Bonuses You Can Find at Interac Casinos
Interac Casinos, like other payment method establishments, offer a diverse range of bonus opportunities, many of which start from as low as C$10. Below is a summary of the bonuses you can find at Interac Casinos.
Reload Bonus
A reload bonus is a type of bonus that can be used multiple times. Usually activated by a promo code, it will award a bonus percentage based on the amount you deposit. Typically, this amount ranges from 25%-50%, although at times, it can be 100% or more.
Extra Spins
Extra spins bonuses are an incentivised offer that will award extra spins. Typically, the casino awards them on a specific slot, and the operator determines the number of extra spins based on the amount you deposit.
Match Deposit Offer
A match deposit offer will credit a bonus amount equal to the amount you deposit. Typically, this amount ranges from 25% to 100%, but on occasion, the bonus amount may be 200% or more, and it may include free spins.
Cashback Bonus
A cashback bonus is an offer that will refund a percentage of the amount you lost over a specific period of time. Typically, cashback bonuses are calculated based on your net earnings minus any wins/withdrawals.
Weekly Bonus
A weekly bonus is an amount given to players once a week. Based on their activity during a seven-day period, the amount awarded varies, but generally, it is based on your loyalty or VIP status at the casino.
High Roller Bonus
A high roller bonus is a promotional offer geared towards those who deposit large sums of money. Unlike a traditional bonus that awards 100% up to C$100, a high roller bonus may award C$100 up to C$2000, or more.
FAQ
What are the main advantages of using Interac?
The main advantage of using Interac is that it offers a cost-effective way to transfer funds from your bank to an online casino. It also provides extra layers of security for added peace of mind.
Who is eligible to make payments through Interac?
Anyone residing in Canada with a legitimate Canadian bank account is eligible to make payments through Interac.
Can I use Interac to deposit and withdraw at online casinos?
Yes, you can use Interac to deposit and withdraw money at an online casino for free without any transactional fees.
How does Interac differ from other casino payment options?
Interac, unlike other casino payment options, allows you to transfer funds to and from your bank. All transactions are processed within seconds, although withdrawals can take up to 72 hours.
Is my personal information secure when I play at Interac casinos?
Yes, your information is secured when you play at Interac Casinos via advanced encryption software that prevents others from accessing your personal information.
Are there any fees for depositing or withdrawing with Interac at casinos?
No, most Canadian financial institutions do not charge fees for Interac money transfers.