Best Interac Online Casinos in Canada 2024

The Interac Association was established in 1984 by a partnership of five leading financial institutions in Canada, including Scotiabank, RBC, Desjardins, TD Bank Group, and CIBC. Having founded Interac as a non-profit organisation, the group later created Acxsys as the profit arm of Interac in 1996. Together with Acxsys, Interac blazed a trail in the electronic payments system in Canada, offering a range of world class services to consumers and businesses. In 2018, Interac and Acxsys were merged as Interac Corporation, but before the merger Interac had garnered a massive following in the country.

Interac Online and Interac e-Transfer are the two payment options you’ll find at nearly every Canadian casino. Meanwhile, some casinos either offer Interac Online or Interac e-Transfer.

Interac Online was launched in 2007 to make Interac transactions more seamless and convenient. With Interac Online, you can send money to a gambling site straight from your bank account. Once you select this option at an Interac online casino in Canada, a payment portal will open up linking you to your bank account. You’ll approve the transaction on the portal by entering information required by your bank. Not many banks allow Interac Online deposits in online casinos. Having said that, you’ll find out during the deposit process whether or not your servicing bank is available for casino deposits.

On the other hand, Interac e-Transfer allows you to transfer money to your casino account by entering the casino’s email address and reference ID, among others. While making a deposit at an Interac e-Transfer casino in Canada, you’ll enter a security question and answer on the payment gateway. Don’t worry about this question and answer, as the online casino will provide the basic information you need to make a successful deposit. As you can see, both Interac Online and Interac e-Transfer are quite easy to use.    

Making a deposit to CA online casinos with Interac Online

In addition to Interac’s inherent robust security, Interac deposit casinos provide high-level safety during deposits. To this end, your Interac Online deposits will take place instantly and securely. Here’s how to go about the whole deposit process at any of our recommended casinos:

1. Create an account with a top Canadian online casino with Interac.
2. Visit the cashier and select Interac Online as your preferred deposit method
3. Choose an amount according to the casino’s minimum limits and proceed to the next step 
4. Select your bank or credit union (by territory or province) from the options provided and click/tap “Deposit”. As of the time of this review, two major financial institutions – TD and First Nations Bank of Canada – accept online casino deposits via Interac Online. 
5. You’ll be redirected to a payment portal where you should click on your bank name. 
6. You’ll then be connected to your bank, where you must enter your username or card number and online banking password to log in.
7. After logging in, confirm the amount you wish to deposit and receiver’s details, then click/tap “Continue”

The funds will show up in your account immediately after confirming the transaction. 

Using Interac e-Transfer for online casino deposit

Interac e-Transfer is offered by the majority of banks and credit unions in Canada. Interac deposit casinos even recommend the e-transfer option if your bank or credit union isn’t available for Interac Online deposits. This section presents a step-by-step guide on how to deposit to online casinos with this option:

1. Head to the casino cashier and select Interac e-Transfer as your deposit method.
2. Select your preferred amount subject to the casino’s minimum limits; ensure your name and email address are correct and continue to the next step.
3. The next page will provide all information required to effect a successful deposit, including recipient’s name, recipient’s email address, amount, message (reference ID). You’ll also have your security question and answer. Ensure you copy them. 
4. Proceed to sign in to the personal banking page on your bank’s mobile app or website and choose Interac e-Transfer.
5. Enter all the information listed above in their corresponding fields and your online casino account will be funded instantly.

When it comes to withdrawals, an average casino usually provides gamblers with multiple options. Yet most Canadian players often go for Interac withdrawals because of the transparency it offers. Let’s walk you through the withdrawal procedure below: 

1. Visit the cashier at an Interac casino in Canada and select Interac as your withdrawal method.
2. Enter the amount you wish to withdraw.
3. Verify details like your email address, account number, etc. and click/tap “Withdraw”. 

But before you proceed to the listed steps, we advise verifying your account by submitting all the KYC/AML documents required by the online casino. This usually comprises proof of identity, proof of home address and sometimes proof of your banking option. If you verify it early, your withdrawal request will take the standard time for the casino approval and Interac remittance to your account only.

Despite Interac’s popularity in Canada, you still have to understand the fees attached for using this payment method. Interac charges the online casino an acquirer fee for each deposit via Interac Online. The acquirer fees levied as of the time of this guide are as follows:

• Deposit up to CA$15: CA$0.115
• CA$15 to CA$35 deposit: CA$0.265
• Deposit exceeding CA$35: CA$0.465  

For clarity, the above fees are only levied on the gambling site when you deposit with Interac Online, so you won’t be charged any fee. 

For casino deposits via Interac e-Transfer, your financial institution is charged a flat rate for every transaction that you initiate. As such, whether or not you will have to pay a fee depends on your servicing bank. Generally, this fee is not levied on casino deposits.

Regarding withdrawals via Interac Online or Interac e-Transfer, your financial institution will charge you a transaction/account fee. This fee is levied for each withdrawal you make, and it varies from one bank or credit union to another. So, we advise getting the actual amount from your financial institution before placing a withdrawal request in the online casino you are playing in. 

Another important point to note is that fees are higher if your financial institution isn’t a member of the Interac network. In that case, each of your transactions will be charged up to CAD 4.00.               

In terms of withdrawal times, every Interac casino has a withdrawal policy that affects the speed of withdrawals. Consequently, the duration of your Interac payout will depend on your online casino. Fastest Interac withdrawal casinos approve payout requests within 24 hours, after which you’ll then receive your funds in the next 24—48 hours. Some casinos take up to 48 hours to approve withdrawals, stretching this timeframe to four days in some instances. Generally, withdrawals with Interac e-Transfer are faster than those of Interac Online.

For over three decades, Interac Corporation has been providing Canadians with quality financial services. Online casinos continue to harness Interac to maximise value for players. This has been possible through Interac Online and Interac e-Transfer, both of which are very popular in most Canadian online casinos. Depositing money with Interac Online is free. Depending on your financial institution, deposits via Interac e-Transfer may or may not attract a charge. But one thing is certain: your deposits are instant.

At the fastest Interac withdrawal casino, you’ll receive your withdrawals within 48 hours. It is awesome to note that with Interac, you can receive all casino bonuses, including welcome packages, reloads, and free spins. So, in addition to secure and relatively quick transactions, Interac deposits will help you unlock some interesting promotions to enjoy your gaming. This is why we recommend you sign up with any of the best Interac online casinos in Canada for a delightful experience.