As much as you love the sites, games, bonuses, and payouts at Canadian online casinos, you want to play knowing that once you place your deposits and hit that jackpot, your winnings will be safely on its way to you in 2017. The online casino banking options of a site is one of, if not the most important feature of an online casino site. It states the important and necessary banking information you need to know, so you can concentrate on hitting those jackpots, worry free. We have compiled a general guide to online casino banking in Canada for 2017. In this guide, we will discuss the most common online casino banking methods and other concerns about online casino banking.
Online casino banking methods in Canada
As a Canadian player, you need to know the different payment methods accepted by online casino sites that accept payment and withdrawals using CAD. There are four main online casino banking options available:
This is one of the most popular methods as it is easy to use as you only need to send your information once. To use this method, you need to enter your credit card information such as your credit card number, address and so forth and the money will be credited to your account. The two most popular credit card options are Visa and Mastercard.
Visas are a great option as they allow both withdrawals and deposits. Some casinos even have special bonuses for clients that use this option.
This option is perfect for deposits but does not support withdrawals.
If you feel a little uneasy about giving out your credit card information, using an e-wallet is an excellent option is for you. This method allows you to withdraw from and deposit money to the online casino without giving out any banking information. The main e-wallet methods are:
This banking method is specially designed for payments between Canadian players and online casinos. It offers free deposits to and withdrawals from your bank account.
Is a secure way to transfer funds and provides instant payments. This method allows you to withdraw and deposit from your casino account and is a free service. The account can be funded using credit and debit cards, electronic and bank transfers and other payment methods. This method is also internationally recognized which makes it easy to access and use no matter where you are.
Neteller is a lot like Skrill as it is a free service that also allows you to make deposits and withdrawals from your online casino account. You do not need to give out any banking information and can easily make online transactions.
Instant banking for online casinos
Instant banking allows you to link your bank account to the online casino; this method does require you to give out your personal banking information. With this option, you are allowed to make deposits and withdrawals but unlike other methods, it can take longer for these transactions to go through. If you chose to use this method you must make sure that the online casino is licensed and certified and makes use of an SSL 128 bit encryption system. This ensures that your banking details and transactions are safe and secure.
This method is usually accepted by most online casinos and allows you to transfer money directly from your bank account to the online casino. This method does not require you to give out any banking information.
Other online casino banking methods
There are many other online casino banking methods that are secure and easy to use. Let’s look at some of these online casino banking methods in detail.
Ukash acts as a prepaid card and is identified using a unique number that is used in the payment process. These cards come in specific amounts and can be topped up if needed. Players can also purchase more than one card as there is no limit to the amount of cards that can be held by one person. This method is perfect for players that do not have credit cards or bank accounts.
This method is a great e-wallet payment solution as it is secure and allows quick transactions. To make a deposit, you need your password and username. You then need to follow a few instructions for the amount to be transferred to your online casino account. When making withdrawals the same process is applied, but it may take up to 48 hours for the money to be deposited into your account.
EziPay offers two payment platforms. The first is using an ATM card and the second, a virtual debit card, which allows transactions to be processed to the player’s casino account. This is a great option for players that do not want to use credit or prepaid cards. This option is also widely accepted by most online casinos including most Microgaming sites. This option does require you to enter your banking details to fund the account. Withdrawals and transactions are quick and easy to do, and players will not be charged when sending funds to their online accounts.
Is a payment system that works from your cell phone. It allows you to make deposits from your mobile bank account wherever you are. Players do not need a cards or eWallets. All you have to do is accept Boku as a payment option, enter the amount you wish to deposit, confirm the amount via text and the money will be deposited quickly into your online casino account.
Making online casino withdrawals
Making withdrawals should be an easy process; however, this does depend on your online casino and your chosen payment method. In most casinos, money is transferred the same way you have chosen to deposit it, and depending on the online casino, this process can be instant, or take up to 24 hours or longer. It is important to research online casinos to check the average withdrawal waiting time.
Online casino wagering requirements
Most casinos offer a welcome bonus when you sign up. Always check the wagering terms and conditions to see what requirements you need to meet before you can receive your bonus. You should also check if the online casino requires you to gamble using your bonuses a few times before you are allowed to withdraw your winnings.
Online casino withdraw windows
Some casinos have a limited amount of time in which you can withdraw or transfer your winnings. If players are unable to collect their winnings before the window closes, the casino will ‘flush’ the bonus. This means that the winnings cannot be collected immediately, and you will now have to wait for the amount to be transferred to your account through your selected banking method.
Security is an important factor not just for you, but for the casino as well. To ensure that the funds are transferred to the correct person and in the right bank account, casinos may require you to provide some personal information. This information can include an identification document, driver’s license or passport and possibly your latest utility bill. Check the terms and conditions page of the online casino to see what documents they may require.
Online casino banking withdrawal limits
A withdrawal limit is a set amount of money you are allowed to withdraw at a time. These limits differ according to the online casino and the amount of winnings. Withdrawal limits are also affected by the amount of time it takes to process the player’s winnings; this also depends on the online casino and the amount of money.
Online casino banking withdrawal policies
It is extremely important to go over the withdrawal policies of an online casino before committing to it. This ensures that there is no confusion when it comes to your winnings. Some other important factors to check are:
- The accepted currencies at the online casino
- Withdrawal times
- Withdrawal limits
- Accepted online casino banking options
Making online casino deposits in Canada
Online casino banking deposits refer to the money a player adds to their online casino banking account. Many of the methods described above can be used for both withdrawals and deposits. Some common deposit methods include:
- Credit cards
- Debit cards
- Prepaid cards
- Wire transfers
Depending on the casino itself and the type of banking method, depositing money into your casino account is an easy process. Most casinos have a simple method that requires you to sign up, choose a banking option and fill in the information necessary for that particular online banking option. Fill in the amount and your payment should be processed immediately.
Online casino minimum deposits
Most online casinos require you to always have a minimum amount in your account before you are allowed to access the games. Some casinos also require you to have a minimum amount of money in your online casino account before you are allowed to withdraw your winnings. It is important that you always check the terms and conditions of the online casino to make sure that you can meet the requirements. Some other important aspects to look at include:
- Looking at the deposit methods to see if they offer reliable and safe options
- Looking at the deposit options to see if they offer one that is suitable for you
- Making sure that the online casino allows you to make deposits in your currency
- Checking the minimum deposit amount
- Checking if there is a minimum amount required for you to access the games
At Casinos Online Canada we make sure that all of the casinos feature on our site:
- Are licensed and certified
- Have many different banking methods that are safe and reliable
- Have a variety of games supported by great software
- Have a 24-hour customer care service available to all players
- Accept CAD and most currencies
There are many methods available for online casino banking. Make sure that you research as many payment options as you can before deciding on the most practical one for you. Then check whether your online casino site accepts your preferred method and check the terms and conditions of the site to make sure you can meet the requirements. Then you can game on, knowing that your accounts are safe and secure.
Frequently asked questions about online casino banking