Canada’s popular interbank network also happens to be one of the most popular ways to handle your online casino transactions. Interac stands out for its reliability, ease of use and high levels of security, making deposits and withdrawals feel like an absolute breeze.
In this guide, I’ll be walking you through the best Interac casinos available in 2024, showing you how to make instant deposits and fast withdrawals and highlighting all exclusive bonuses that you can find for this payment method. I’ll even compare it to other payment methods, so you can get an even clearer contrast of what Interac truly has to offer at Canadian online casinos.
Top Casinos That Accept Interac in 2024
No-wagering bonuses
Great rewards system
Diverse game selection
Unique promotions
Crypto payments
Big variety of games
Premium gambling platform
Regular ongoing promotions
Crypto-only casino
Excellent customer support
Personalized bonuses
Fast withdrawals
Strong Crypto focus
Unique offerings
Responsive customer support
Rich gaming library
Strong welcome bonus
Good variety of payment options
Great VIP program
Customer support is reliable
Generous welcome bonuses
What Is Interac and Why is Popular Among Canadian Casino Players
Originally launched in 1984, the Interac Association was a network of banks that joined to create an easier way to handle transactions. In 2018, it became the Interac Corporation, which is still one of the most favoured ways to pay in the country. It lets you make direct transfers from and to your bank account, creating a secure connection between your bank and your online casino account.
To keep these transactions secure, Interac uses end-to-end encryption, keeping your money safe as it transfers between your bank and your casino account. Because Interac transfers are directly linked to a bank account, they are less vulnerable to fraud than third-party e-wallets. This is supported by high-end identity authentication protocols, as well as strong unauthorized access prevention tools which safeguard your every transaction.
Interac is also relatively fast. Sure, it doesn’t compare to using cryptocurrencies, but you get instant deposits and fast withdrawals that take no more than 72 hours to process. It’s one of the most efficient payment methods around, with processing speeds falling in line with other e-wallet solutions.
But ultimately, one of the best advantages of Interac is its widespread availability. The provider is supported by the majority of Canadian online casinos and this broad availability makes it a de-facto choice for many Canadian players.
How to Use Interac for Deposits and Withdrawals at Online Casinos
Interac can be used to handle all your online casino payments, and the process is quite simple. I’ll take you through the necessary steps, giving you a more specific look at how you can handle these transactions. Of course, for the sake of this guide, I’m assuming that you have already set up your own Interac account and linked your bank accounts to it.
How to Deposit Using Interac
Deposits are very straightforward, and you can have these processes done within a few seconds.
- Pick an Interac Online Casino – Start by picking an online casino that supports Interac as a payment method. You’ll find loads of these sites online, but you can also use the list I’ve put together of the best online casinos that accept Interac.
- Set Up an Account – If you don’t already have an account, you’ll need to set one up. This will only take a couple of minutes, and the process generally asks for a mix of your personal and account details.
- Navigate to the Deposit Function – Once you’re logged in, head over to the site’s deposit section. This is generally found under the account tab, cashier section or the main menu. Once you’re on the right page, choose Interac as your deposit method.
- Enter Your Deposit Amount – Here, you’ll need to decide on the amount you wish to deposit. Make sure it’s above the minimum requirement and I’d also make sure it’s above the minimum requirement needed to claim any available welcome bonuses or reload deals. You will always deposit in Canadian dollars.
- Log Into Your Bank Account – The system will now redirect you to your bank’s online platform to confirm your transaction. The exact process varies from one bank to another, but simply follow the on-screen instructions and you’ll be done in no time.
- Complete the Deposit – After you confirm the transaction with your bank account, the transaction will be finished, and the deposit will instantly show up in your account.
How to Withdraw Using Interac
The withdrawal process can take a bit longer than deposits but it follows a similar set of steps. I recommend you make sure you’ve cleared wagering requirements on any bonuses you may have claimed before even attempting to make a withdrawal.
You’ll also need to make sure you have verified your account before making a withdrawal. This process asks that you verify your identity, address and payment method. This means you must provide your passport, government ID or driving license, a utility bill and a bank statement.
- Access the Withdrawal Function – Start by accessing the withdrawal function at your chosen online casino. You’ll usually find this next to the deposit section, in the main menu or cashier section. Be sure to choose Interac as your withdrawal option.
- Enter Your Withdrawal Amount – You’ll now need to enter the amount you wish to withdraw. Make sure you enter a figure that sits between the minimum and maximum limitations set by your casino. These vary accordingly from one site to another.
- Confirm the Transaction – The site will now initiate the transfer, but the entire process can take up to 72 hours to complete. If the transaction doesn’t appear after that timeframe, be sure to get in touch with the casino’s customer service team.
Do Casinos Offer Exclusive Casino Bonuses for Interac Users
Some casinos may offer exclusive Interac bonuses from time to time, but at the time of writing, I have not found any available promotions. This doesn’t mean that you cannot use Interac to claim bonuses though. The provider can be used to claim all general promotional offers at Canadian online casinos, including welcome bonuses, reload deals, free spins, cashback deals and more.
How Does Interac Compare to Other Payment Methods?
It’s no wonder to see why Interac is such a popular payment method at online casinos and it competes very well with other available payment methods. You get all of the benefits that e-wallets tend to have with an added layer of security. Withdrawals are as fast as can be, short of using a cryptocurrency solution, but some players who value anonymity may wish to avoid it because of its direct links to your bank accounts.
You can get a clearer picture of how Interac holds up with other payment providers below.
| Payment Method | Transaction Fees | Processing Time | Security | Availability |
|---|---|---|---|---|
| Interac | Low flat fees up to $2 | Instant deposits, up to 72 hours to withdraw | High | High |
| Credit/Debit Card | No set fees | Instant deposits, up to five business days to withdraw | Medium/High | Very High |
| Other E-Wallets | No set fees | Instant deposits, up to 48 hours to withdraw | High | High |
| Cryptocurrencies | Network Fees up to around 1% | Instant deposits, up to 48 hours to withdraw | Very High | Medium |
How We Ranked the Best Interac Casinos
At Gambling Information, we want you to play at the best available online casinos. So, we’ve put together a foolproof system to determine the best casinos with Interac.
Security and safety are our top priorities, and they should be yours too. We only suggest online casinos that are licensed by reputable gambling regulators like the Kahnawake Gaming Commission, the UKGC and the MGA. Licensed casinos must follow strict guidelines which make sure their offerings including games, bonuses and payments are fair and trustworthy. Regulators also carry out regular audits to make sure that these standards are upheld consistently.
Game variety is the next point of focus for us, and we make sure our recommended Interac casinos have a wide variety of content to offer. It’s not just about quantity though and we make sure that the games at these sites are provided by the best in the business, including renowned developers like Evolution Gaming, Nolimit City and Microgaming. The games these providers offer are safe and loaded with cutting-edge graphics, innovative gameplay and deep mechanics.
Of course, you’re bound to run into an issue or two when playing at online casinos, so customer service is an absolute must. The casinos we focus on can easily and efficiently handle your queries, offering 24/7 support which can be accessed through live chat, email, social media and more.
Lastly, we believe online casinos should be enjoyed anywhere, so mobile casinos need to make sure they have optimized systems for phones and tablets. You’ll be able to enjoy these sites on your Android and iOS devices.
Pros and Cons of Using Interac at Online Casinos
Interac remains one of the most popular payment options for Canadian players. But just like any other payment method out there, it comes with both advantages and limitations which we’ll unpack below.
Pros
- Interac is an incredibly secure payment method, creating a safe and direct link between the online casino and your bank account.
- The payment method’s widespread popularity and availability means it’s very easy to use and can be found at most Canadian online casinos.
- Although it’s not the fastest payment method around, Interac still delivers speedy withdrawals which reach your account within 72 hours.
Cons
- You get Interac fees for transactions, although these are limited to a flat fee of $2.
- The direct link Interac creates between your bank account and online casino is not ideal for anonymity.
Do I suggest using Interac at Online Casinos?
Interac is a fantastic payment solution, and its Canadian exclusivity makes it perfect for players in the country. It’s a simple, efficient and widely available option that you can use for all your online casino transactions. The provider is also immensely safe and easy to use, creating a direct link to your bank account.
On the downside, that direct link can be an issue for players who want to separate their online casinos from their bank accounts. Other e-wallets can be a more ideal option in this case, but if you want the most anonymous experience possible, then I recommend going for a cryptocurrency solution like Bitcoin.
Ultimately, the ideal payment solution largely depends on what you need as an individual, crafting an experience that suits you best. Interac, despite its set fees, is one of the best payment methods around, so as long as anonymity isn’t an issue for you, I can wholeheartedly recommend it for all your deposits and withdrawals.
Frequently Asked Questions
Is Interac Safe to Use at Online Casinos?
Yes, Interac is very safe to use at online casinos. The provider uses high-level encryption, as well as secure authentication protocols to make sure all transactions are safe from unwanted access. You’ll also be directly accessing your bank account, so there are no third parties involved in these processes.
Can I Use Interac for Casino Withdrawals?
The majority of Canadian online casinos let you use Interac to make withdrawals, as you can see from the above guide. But this will vary from one online casino to another, as some sites may allow you to make deposits using Interac but not necessarily allow withdrawals from the provider.
Are There Any Fees for Using Interac?
Online casino fees vary from one site to another, but with Interac, you generally get a flat fee of $2 on your transactions.
