Interac Casinos 2023 - Helpful Guide for Gamblers Using Interac

What Is Interac?

Interac is a Canadian banking network facilitating direct money transfers from your bank account.

Payment method	Bank transfer
Website	https://www.interac.ca/
Founded	1984
Deposits	Yes
Withdrawals	Yes
Country availability	Canada
Currencies	CAD
Fees	No

Interac Overview: How Does It Work?

Firstly, keep in mind that you must have a Canadian bank account to pay with Interac.

Features, Services & Products

For payments, you can employ the following services and products:

• Interac Debit: online and offline payments from your bank account to an online merchant;
• Interac e-Transfer: online money transfers from your bank account to another; both you and your recipient need to have an account at a participating bank and an active phone number or email address,
• Interac Verified: an optional digital verification service for heightened security.

Fees

Generally speaking, Interac does not charge fees for using it.

Your bank and Canadian casino may apply their own fees, so carefully read their T&C.

Limits

Deposit and withdrawal limits depend solely on casinos and banks.

Transaction Timeframe

Lastly, deposits in an Interac casino are near-instantaneous, as money is pulled from your bank account.

You might have to wait a few minutes or even days for withdrawals to process, but it's quicker than using a digital wallet or something similar.

Chipy Verdict

In my opinion, the only significant downside to the service is that there are no Interac casinos outside Canada. As long as you're Canadian, you're in for a treat.

Psst, if you don’t have a Canadian bank account, check out ecoPayz casinos.