The Interac payment method has revolutionized the lives of online casino players in Canada. Indeed, this payment option is only available in Quebec and in the whole of Canada. No more need for a bank card, just make a bank transfer and the deposit is taken into account more or less instantly. And withdrawing your winnings is just as easy. Find out more here about this Canadian payment method and which online gambling sites accept it.

We have researched, tested, and listed for you the top Interac online casinos for Canadian players only. All of these casino sites allow you to deposit and withdraw via instant wire transfers. We have also added information on the welcome bonuses offered.

What is Interac?

Interac e-Transfer is an instant bank transfer payment method. It is a fast, secure and convenient way to send money from Canada to any business or person using internet banking.

Transfers are usually done instantly but can take up to 30 minutes depending on your bank. So how does it work? The participating bank or credit union transfers the funds using established and secure banking procedures.

The service allows users to send and receive money using online or mobile banking while following established banking procedures to protect their money. Security measures implemented include authentication and encryption of transactions, a login and password issued by the financial institution, and a secure login process.

A “Request Money” function allows customers to easily request payments, while the “Auto deposit” function allows customers to have funds automatically deposited into their bank account.

Company Profile

Interac is one of Canada’s leading payment brands. In addition to Interact e-Transfer, services include Interac Cash, Interac Debit, Interac Flash, Interac Online, mobile payment solutions, and international services that allow Canadian cardholders to pay at approximately 2 million U.S. retailers, as well as providing foreign cardholders with ATM access for cash withdrawals in Canada.

Note that the first three services were originally offered by the Interac Association beginning in 1984, and the others were added to the mix through Acxsys Corporation, which was formed in 1996.

Interac by the numbers

In 2018, nearly 371 million Interac e-Transfer transactions were made, more than 10 times the population of the country. Their total value was over C$132 billion, which is the equivalent of buying over 88 billion boxes of macaroni and cheese.

They also have 15.2 million monthly active users, which is more than 2 times the combined population of Greater Vancouver, Greater Montreal, and Greater Halifax.

Did you know that in 2018, the average value of an Interac transfer was C$357? That’s enough to buy, say, 120 bags of ketchup chips.

What are the advantages of Interac?

This payment method has many advantages compared to other traditional payment methods. Especially when it comes to using it at online casinos. Here we give you the main reasons why it is more interesting to pay with Interac.

  • Fast or even immediate and secure transfers for players
  • Protection of your online banking data from any potentially dangerous casino site
  • No registration required if your bank is a participating financial institution
  • No declined transactions, unlike credit cards
  • Possibility of withdrawing funds via Interac

Disadvantages

Despite the many advantages listed above, Interac can also have some disadvantages. However, they are far less than the potential benefits. Here are a few of them:

  • Available at selected online casinos
  • Not available outside of Canada
  • Transferring money may incur fees depending on your bank. However, some Canadian online casino sites absorb them.

How to make a deposit using Interac

The process of making a deposit at an internet casino that accepts Interac is very simple. However, it can be a little different from other e-wallets. This is because it involves using your online bank account in conjunction with an online casino cashier. Here we explain the 6 steps to follow, which may vary slightly from site to site:

  • Select the Interac payment method on the casino deposit page in the cashier
  • Choose your deposit amount
  • Note the payment information before activating your online banking
  • Enter the appropriate casino details and select the account from which you wish to transfer
  • Initiate the transfer via Interac money transfer
  • All that’s left to do is wait for the money to be credited to your casino account, along with the bonus if you took one.

How do I withdraw from an online casino using Interac?

Withdrawing via Interac e-Transfer is a breeze. Although sometimes it is not always possible to make withdrawals using an Interac transfer. In this case, you can, for example, make a withdrawal using an Interac card. If this payment method is not available to make your withdrawal, you can choose another option, such as a bank transfer. Here are the steps to follow to make a withdrawal easily:

  • Log in to your casino account
  • Go to the cashier on the withdrawal page
  • Choose the Interac withdrawal method
  • Enter your withdrawal amount
  • Fill in all the information requested by the casino
  • Confirm your winnings request

Please note that if you have taken a bonus, you may not be able to withdraw until you have met the wagering requirements. This of course depends on the type of bonus and the conditions of the online casino.

If you have not yet verified your player account at the time of application, the player identity verification department will contact you. You will be asked to provide documentation as per the KYC (Know Your Customers) procedure.