Best Online Casino Banking Methods 2024
Canadian players are constantly looking for the best casino banking methods when gambling online. No one wants to wait weeks for the winnings to be deposited into their account. Our team of experts at CasinosOnline-Canada.ca have found the best casino banking methods for deposits and withdrawals. Whether you prefer using e-wallets, wire transfers, or credit/debit cards, you can make use of any of the methods mentioned below. Certain banking methods also allow you to benefit from different bonuses and prizes.
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Casino Banking Methods
Internet casinos provide players with ample ways to deposit and withdraw real money instantly. As a Canadian player, you want to receive your CAD winnings promptly, and these methods allow for that. The same goes for deposits. You want to have instant access to them to make your gaming experience enjoyable. The main options available for Canadians are credit/ cards, e-wallets, and wire transfers.
Here are the most common methods for CAD players:
Debit and credit cards
The use of debit and credit cards is common among Canadian gamblers. They are the most convenient way to deposit and withdraw funds to and from your casino account. When using this method at an online casino, you need to enter your card details, such as your card number, address, and contact information. The money gets transferred into your account. Whether you have a Visa or MasterCard, you can use this method.
E-Wallets
For those who feel uncertain about putting their credit card details online, there are e-wallets. It is a banking method that allows players to withdraw and deposit funds into their online casino account without banking information. Common e-wallets include:
- Instadebit: This method was specifically created for Canadian players and online casinos. Their services include free deposits and withdrawals from your bank account.
- Skrill: A safe and secure platform where players can enjoy instant payments for free. Users can fund their accounts using a credit/debit card or electronic bank transfers. Skrill is internationally recognized and is used by many casinos across the world.
- Neteller: Neteller is similar to Skrill and also offers free services. You do not need to provide your banking details to enjoy simple transfers between your banking and casino accounts.
- EcoPayz: Establish in 2000, EcoPayz is considered a premium online payment system. Players choose this as they do not have to provide financial details with the casino.
- MuchBetter: This is a mobile-based e-wallet that works both for deposits and withdrawals.
- Jeton: Players who use Jeton can enjoy quick deposits and withdrawals, fast processing, and free transfers.
Prepaid Cards
If you are looking for an option that is easy to use and helps you maintain a budget, prepaid cards are perfect for you. You can use these cards at retail stores, and they come with a serial number and a pin. The card information is what you will use when making transfers into the casino account. This option works well for those who don’t have a credit card or a bank account. Popular prepaid cards include:
- Paysafecard
- Neosurf
- Revolut
- AstroPay Card
- Flexepin
Cryptocurrencies
Canadian players enjoy using cryptocurrencies as a casino banking method because it offers a fast and secure transaction process. Currently, it is not widely accepted and can be complicated for new users as players have to convert CAD to the relevant cryptocurrency. The downfall of cryptocurrencies is that you could lose some of your winnings or funds due to the conversion rates.
We do not recommend this method for inexperienced online gamblers; however, it is a good option if you have cryptocurrency stored already. As it is a legal way of depositing and withdrawing funds, there are plenty of cryptocurrencies you can try:
- Bitcoin
- Litecoin
- Ripple
Bank Wire Transfers
Wire transfers are perfect for those who have good communication with their banks. When making a wire transfer, a player would contact their bank, provide them with the casino’s wire details, and arrange a wire transfer. This method also gives you peace of mind as you will not be giving out your banking details.
Mobile Payments
Mobile devices are slowly but surely taking over our technical spaces. And with gambling apps and sites being mobile-friendly, having mobile casino banking methods are important. One example of this is BOKU, which allows players to pay through their mobile carrier billing.
Instant Banking
Instant banking allows users to link their bank account directly with the casino offering a quicker way to conduct transactions. In the banking or payments section, you will be required to add your banking or cheque details. You will then choose the amount you want to deposit and then submit your request. Moments later, the funds will reflect in your casino account. Instant banking options include:
- iDebit
- Interac
- eCheck
- Citadel
- PremierPay
Online Casino Banking Methods Information
With so many online casino banking methods available, it isn’t easy to figure out which one suits you best. Each method has a different payout duration and fees. This quick table below will show you all you need to know about each option listed above.
| Banking Method | Type | Deposits | Withdrawals | Fees |
| Interac | Instant banking | Immediately | Immediately | None |
| iDebit | Instant banking | Immediately | Immediately | CA$2 |
| eCheck | Instant banking | Immediately | Up to 7 days | None |
| Citadel | Instant banking | Immediately | 3 Working days | CA$1.50 |
| Instadebit | E-Wallet | Immediately | Up to 10 days | CA$1.95 for deposits/CA$2 for withdrawals |
| EcoPayz | E-Wallet | 1 Business day | Immediately | 1.69% – 2.9% |
| MuchBetter | E-Wallet | Depends on funding method | Depends on funding method | Depends on funding method |
| Jeton | E-Wallet | Immediately | Depends on funding method | Depends on funding method |
| Paysafecard | Prepaid card | Immediately | N/A | None |
| Neosurf | Prepaid card | Immediately | N/A | CA$1.49 |
| Revolut | Prepaid card | Immediately | N/A | None |
| AstroPay Card | Prepaid card | Immediately | N/A | None |
| Flexepin | Prepaid card | Immediately | N/A | None |
| Visa | Credit/Debit cards | Immediately | Up to 3 days | None |
| MasterCard | Credit/Debit cards | Immediately | Up to 3 days | None |
| Bitcoin | Cryptocurrency | Immediately | Immediately | None |
| Litecoin | Cryptocurrency | Immediately | Immediately | None |
| Ripple | Cryptocurrency | Immediately | Immediately | None |
Online Banking Methods Safety and Security
With over a hundred or more virtual casinos available for Canadian gamblers, finding a trustworthy provider of quality casino games is quite daunting. You can easily notice if an online casino is legal and operates within the parameters of state law.
Before signing up to a casino or making any deposits, there are a few aspects to look at. These aspects will help you determine whether the virtual casino is reputable. You can head over to their casino banking page and view their privacy policies. When reading through privacy policies, ensure that you check what encryptions are being used. If you do not see any of that information, there is a chance that your details may not be kept safely. Trust us, the last thing you want is your credit card details falling into the wrong hands. So, do your research, consult some reviews and then choose a casino.
Online Banking Methods FAQ’s
Depending on the option you choose to deposit funds, it can be immediately or anywhere between 4 to 24 hours. Ensure you read the requirements about deposits at any online casino.
All casino banking methods listed on our website are safe and secure options for Canadian players. We would not suggest any cryptocurrencies as a beginner as it may be complicated to convert your currency.
You can scroll down a casino page to view the accredited facilities that you can use for deposits. Some casinos also have dedicated banking pages that explain what banking methods they offer.
Yes, online gambling sites accept debit and credit cards as valid banking methods.
You can send an email to customer services, who will be able to assist you in no time. If the casino offers a live chat service, you can express your issues through that system and receive instant feedback.
There are various options available, like EcoPayz, which is an e-wallet. There are also instant banking options such as Interac or iDebit.
To withdraw your winnings, you can navigate your way to the cash-out page for the casino and follow their instructions. The withdrawal is generally made in the same manner as your deposit. Pay close attention to what deposit and withdrawal method you choose, as each of them reflects money at different stages.