Interac

Interac Casinos

Many online casino players are familiar with Interac as the most popular and well-known e-transfer provider in Canada. It was established in 1984 by five Canadian major financial institutions: RBC, CIBC, Scotiabank, TDmand Desjardins. At the present time, more than 80 member organizations support Interac. Moreover, there are over 59000 ATMs all across Canada to make payments with. Interac serves as the Canadian payment system and can be accessed in 450000 merchant locations all across Canada. If you play from Canada, Interac Casinos could be your best choice.

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Interac Details

If you are going to use Interac to withdraw your winnings from your favourite online casino, that means you’ll actually use the Interac Online or Interac E-transfer service.

Interac Online is an e-banking service. You can buy goods or services online and pay for them directly from your banking account. Obviously, only Interac Casinos, that are Interac merchants, are able to accept payments through the service.

Interac E-transfer service allows you to deposit & withdraw your money using your personal Interac banking account. To do this, your bank should be an Interac Participating Financial Institution.

What should I know about making a deposit to a casino with Interac?

As the Interac serves just as a payment system, our financial institution sets all the limits for the amount of money you’ll be able to send. Thus Interac doesn’t make any limits on your deposit to Interac online casino. In order to get complete information, please contact your financial institution.

For making a deposit to your online casino, Interac will charge a fee ( C$ 1-1.5). Equally important, the fee doesn’t upscale with the deposit amount. So depositing as more as you want from the very start will help you to save money.

To make a deposit to an online casino via Interac, you should:
  1. Log in to your online casino account and then select the Cashier section
  2. Choose the Interac as a deposit method and your bank
  3. Then you get redirected from your online casino to the online banking page. So login into it and navigate to Interac e-Transfer Send Money.
  4. Select the account you gonna transfer money from and then specify how much money you want to deposit to your online casino.
  5. Wait till money will be transferred to your online casino account and go ahead to catch your luck!
What should I know about making a withdrawal from casino to Interac?

As Interac makes no limits on the money you deposit back to your account, then you should check your bank limits and fees. The withdrawal should proceed instantly, so you’ll be able to spend your winnings from an online casino in less than 30 minutes!

The Pros and Cons of Interac

Pros

  • Anonymous. Interac doesn't share the recipient or sender information with your bank.
  • Easy. Simple and user-friendly design, so you can complete the money transfer in a flash.
  • Useful. You can make deposits and withdrawals via mobile.
  • Safe. Payment security is proven by the bank you've chosen and Interac authentication (messages you get from Interac).
  • International. You can deposit to the online casino even if it is not based in Canada.
  • Controllable. You can stop your operation after you confirmed it by answering the status message at your phone.
  • No limits & fees (Interac provides the transfer with no fees and limits, but that can be done by your bank)
  • 24/7 Customer Support

Cons

  • Limited accessibility. Your bank should be whitelisted as an Interac member.
  • Time. You can wait until transfer is done for more than half an hour.

Interac FAQs

Yes, if your bank is whitelisted as Interac Member.

Yes, Interac doesn't send your bank the information about who receives your online casino deposit or sends you your casino cashout.

Since November 2007, four of the five largest Canadian banks support Interac transactions:

  • RBC
  • BMO
  • Scotiabank
  • Canada Trust

*CIBC uses Visa Debit for online payments from bank accounts.

Yes, if you answer Stop on the message sent by Interac.