Interac Casinos

Interac is a fast and safe banking service for online casino deposits and withdrawals. It allows Canadian players to transfer money effortlessly and affordably to and from casinos. Therefore an Interac casino is definitely the best option for players from the Great White North. Check out a full list of Interac casinos below.

Interac was first introduced as a viable online banking option for Canadians in 1984. After years of growth and expansion, Interac now offers a wide range of banking services, including Interac Debit, Interac e-Transfer, Interac Online, Interac Flash, and Interac Cash. It's the availability of all these multiple options that makes Interac such a popular online casino banking option.

There are a loads of things that we consider before adding a casino to our list. First of all, it needs to offer excellent services to Canadian customers. This means accepting Canadian dollars, offering a special bonus for Canucks, customer service in English (and preferably in French as well) and localized campaigns.

A good Interac casino is always a reliable one. This means a respectable license (MGA, UK Gambling Commission, Estonian Tax and Customs Board or Curacao Gaming) and a solid company operating behind the casino.

Other important aspects that we examine are of course the gaming selection, live casino, customer service, bonus terms and conditions, mobile casino and withdrawal limits. So the final rating given to all online casinos depends on many different things and therefore is very conclusive.

What are Interac Casinos?

Interac online casinos are gambling sites that accept deposits or process withdrawals through the Interac online banking system. International casinos and sportsbooks typically include Interac in their roster of banking options because of the large number of Canadians who enjoy gambling online. Based on the thousands of reviews we have written, more than 70% of all quality casinos have Interac as a payment option.

Despite the fact that Interac has various different products, the two that online casinos mainly use are Interac Online and Interac e-Transfer. These two services work slightly differently: Interac e-Transfer requires you to use your email whereas Interac Online directs you directly to your own online bank.

Finding a suitable Interac casino is a very easy task since so many gambling sites have included the banking service into their selection. So players do not need to compromise when it comes to bonuses, games, VIP benefits or customer service.

As stated above, there are hundreds of thousands if not millions of Canadians who actively gamble online. This fact is not lost on a casino industry and therefore you as a player never have to settle. So if an online casino is targeting Canadians, we can almost guarantee that they will offer Interac payments.

Why Casino Players Should Choose Interac?

There are a lot of advantages you can gain by using Interac with deposits and withdrawals. The advantages include:

• Interac in now widely accepted throughout the world as a viable banking transfer system
• The Interac transfer system is secure and safe
• Interac deposits can be processed within minutes
• Interac payouts are one of the fastest ways for customers to make withdrawals
• Interac deposits are free

How Interac Works on Online Casinos

Before you decide to pick Interac as a banking option, you’ll need to confirm whether or not Interac is among the banking options the chosen casino offers.

Once you locate a casino that will accept Interac, you are good to go. Just make at least the required minimum deposit and choose Interac as the preferred payment method. At some casinos you might get an option to pick between Interac Online and Interac e-Transfer. Since the latter one is much more common, these directions will focus on that.

First you must enter the transaction amount and click on send/submit. From that point on, the rest of the process is handled electronically. Tthe Interac system will send you a transaction confirmation email or text. The confirmation contains all of the transaction details, something you will want to double-check for accuracy.

At the same time, the casino's bank will receive the money and issue an email or text to the online casino's administrative staff. Once the staff gets the email or text, your online casino account will be immediately credited. If everything goes smoothly, the money should be in your account within minutes.

With Interac Online, you are directed to your online bank where you can accept the transfer. This service is not available with all Canadian banks though and therefore casinos tend to favor e-Transfer.

Secure Payments at Interac Casinos

When you initiate banking transactions through Interac casinos, you are assured the utmost in online security. Remember, this is merely a cash transfer between your Interac connected bank account and your online casino account. As such, you can count on benefitting from high levels of security at both ends of the transfer spectrum.

Do you trust your bank? Of course, the answer is yes. That's why you feel safe using their online banking system. So when you initiate a transactions at your online casino account, your bank's software security system is in place to make sure your banking and personal information is protected from outside rogue elements.

The casinos with Interac have their own security systems. For the most part, you can assume that your online casino uses modern software security technology to protect its customers. That would include the use of firewalls and the latest in Secure Socket Layer encryption technology (perhaps 256 bit or 512 bit SSL).

With protection at both ends of the transaction, you can rest assured that your money and personal information is safe and secure.

Interac eTransfers Or Interac Online

As mentioned before, there are two different versions of Interac that is used to handle casino payments. Both of these options are very safe and simple but there are slight differences you should be aware of before choosing the one you wish to use.

• Interac Online: when you make a deposit with Interac Online, you are directed to your own online bank, where you must log in and accept the transfer. After that, the funds are transferred immediately.
• Interac e-Transfer: after you have made the deposit and chosen your own financial institution from the list, you are given a receipt with a special email address/text message and security question. You must then provide this information in your own online bank before the deposit is processed.

Interac Withdrawals

Making Interac withdrawals is just as easy as making Interac deposits. From your online casino's withdrawal section, you would click on the Interac icon. From there, you would simply enter your withdrawal request amount and submit it. The transaction will be sent to your online casino's administrative staff for processing.

There could be delays in receiving your money. First, almost all online casinos have some type of "cooling off" period, a period during which you can change your mind about the withdrawal. The cooling-off period is set by the online casino and usually ranges from 24 to 72 hours.

After clearing the cooling-off period, the transaction is processed and the applicable emails and texts are sent out. Once the transaction is processed, the money should be in your banking account within one to six days.

Note: For transaction fee information, you should consult with your bank and online casino.

Interac Casinos: Deposit and Withdrawal Limits

It's noteworthy that all Interac transactions must be processed in Canadian dollars. If CAD is not available at your chosen casino, it is 100% sure they won’t use Interac either.

When making deposits and withdrawals through Interac casinos, you will need to follow specific guidelines as set forth by each respective online casino. What makes doing this so complicated is the guidelines vary so much from one online casino to the next. It would be your responsibility to understand the guidelines that are being put forth by the online casino of your choice.

One of the most important guidelines you will need to familiarize yourself with is banking transaction limits. Note: limits are not set by Interac. Each online casino has certain guidelines they issue in regards to deposit and withdrawal limits. They put these limits in place to protect potential problem gamblers and to minimize the casino's exposure and risk.

After looking at a cross-section of casinos that accept Interac, it's clear that deposit and withdrawal limits can vary by large amounts. In most cases, the minimum deposit requirement is $10 to $20. As for maximums, an investigation shows that some casinos will accept Interac deposits of up to $6,000.

On the withdrawal side, minimums tend to fall in the $20 to $50 range. Of 100 online casinos under review, the maximum limits tend to range between $2,500 and $6,000. By the way, limits can vary a little between Interac eTransfer and Interac Online.

Best Payment Method For Canadians

With the freedom to select any international online casino that will accept Canadian residents, Canadian gamblers need a basis for making the right decision. One of the factors all Canadians should consider is what kind of banking options a casino has available to them. And in 2023, there really is no better option then Interac. And why is that?

First of all, Interac is easily accessible by all Canadian residents. Many of the country's top financial institutions are fully integrated with the Interac system. That means most Canadians are probably already familiar with how the system works.

Second, Interac transactions are very secure. As stipulated before, security is impeccable on both ends of the transaction.

From Interac's side, customers are protected by bank-level security measures. If you have faith that your bank is able to keep you protected, then trusting Interac should pose you no problems.

At the online casino’s end of the transaction, similar security measures are in place. The online casino industry recognizes that they are dealing with large amounts of money and people who are placing their trust on the casinos. So they use as many of the most advanced security measures as they can to make sure customers and their personal information is protected. They know any security breaches will destroy their businesses.

What Canadian Banks Work with Interac?

Over the last five years, Interac has become one of Canada's most prominent options for sending and receiving money through traditional bank accounts. A great majority of Canada's top banking institutions and Credit Unions are connected with the Interac money transfer system. That includes Canada's "big 5" banks, Desjardins, Tangerine, National Bank, President's Choice Financial. Other institutions that are integrated with Interac include:

• BMO Bank of Montreal
• Education Credit Union
• Energy Credit Union
• First Calgary Financial
• Libro Credit Union
• Summerland Credit Union
• Tandia Credit Union
• Canadian Imperial Bank of Commerce
• Royal Bank of Canada (RBC)
• HSBC Bank of Canada
• Canadian Western Bank
• Laurentian Bank of Canada

If you are unsure as to whether or not your current financial institution is integrated with the Interact system, you can contact the customer service or go through your online banking portal. You should have no problem finding out right away if Interac is available.

If Interac is available, most banks make the registering process very easy. They do that because the banking system is very supportive of Interac. Why? It's a service that more and more Canadians are demanding. In a highly competitive banking industry, meeting customer needs/wants has to be the highest priority.

Interac Mobile Casinos

Thanks in large part to great advancements in communication technology, mobile device users can now access Interac Casinos at will. In some cases, casinos with Interac will be accessible via dedicated mobile apps that are compatible with the iOS (Apple App Store) or Android (Google Play) operating systems. The online Interac casino websites that don't offer dedicated mobile apps are still accessible through each respective casino's optimized website with a standard web browser.

It's notable that mobile gambling is the future of the online gambling industry. In Europe, experts estimate that nearly 55% of the online gambling population is exclusively using their mobile devices for gambling purposes. Furthermore, those same experts expect that percentage to reach as high as 80% within the next two years.

Those kinds of numbers should be enough to motivate you to focus your efforts on aligning yourself with online casinos that offer Interac as a banking option and mobile apps to facilitate the gambling process.

It's worth mentioning that if you are flexible enough in your choices, you definitely want an Interac casino that offers dedicated mobile apps. With a special mobile app, you will receive more clarity and a higher level of functionality.

If you have to settle for accessing through an optimized online gambling website, that should not be much of a problem. You might sacrifice a bit in functionality, but the drop off in the quality of service is not enough to warrant concern.

Interac Bonuses and Free Spins

The international online casino market is one of the most competitive markets on the Internet. As such, dozens of Interac casinos have to compete for business from Canadians. To do so, they have to offer Canadian customers extra value in the form of bonuses and promotions.

A typical list of bonus promotions will include "refer a friend" bonuses, cashback offers, free spins no deposit on designated video slots, and special sweepstakes drawings. Also, V.I.P. programs are a great way for loyal players to earn free play. For Interac casinos, the most important bonus is always the welcome bonus package. Most of these offers are built around a matching bonus proposal based on the customer's first real cash deposit.

Example: Canadian customer A makes a $200 deposit on one of their favorite Interac casinos, Casino X. Casino X's welcome offer states that the customer is entitled to a 200% matching bonus on that first deposit. The customer gets a $400 bonus, giving them $600 to start playing online casino games.

Of course, there is always a catch. All welcome bonuses come with a rollover or playthrough requirement. That requirement is the number of times a customer has to wager the bonus money in order for the money to become eligible as real cash that the customer can withdrawal. The average playthrough requirement is 35x the bonus amount. If Canadian customer A gets a $400 bonus, they would have to wager $14,000 on qualifying online casino games before they could withdrawal any remaining bonus money.