Instadebit is one of the older bank-transfer services aimed at Canadian players. It draws funds straight from your bank account and passes them to the casino, so your banking credentials stay with Instadebit rather than the gambling site.
A useful feature is that it also supports withdrawals back to your account, which is not always the case with deposit-only methods. Transactions settle in Canadian dollars, and the service is accepted at many casinos that cater to the Canadian market. Expect a small fee on some transactions and the usual verification before a first cash-out.
Example usage
- Using Instadebit for both deposits and withdrawals at a single casino
Related terms
- Interac e-Transfer, A Canadian bank-to-bank payment method that moves money between accounts using an email address or mobile number, widely accepted at casino sites.
- KYC (Know Your Customer), The identity verification process casinos use to confirm who you are, usually required before your first withdrawal.
- Withdrawal Processing Time, The time it takes for a casino to review and release a payout, from internal approval through to funds reaching you.
- iDebit, An online payment service that lets Canadian players pay directly from their bank account at a casino without sharing card details.