- InstaDebit Account
- Funding Your Casino Account
- Withdrawing Funds with InstaDebit
- InstaDebit Currencies
- Is InstaDebit an Affordable
- InstaDebit on Mobile
- Casino Games You Can Play
- Advantages of InstaDebit
- Disadvantages of InstaDebit
On this page, we have listed the best casino sites that accept deposits with InstaDebit and allow withdrawals via this payment method. But first things first – let’s now dive into the specifics of how InstaDebit works, how payments are processed with this method, and what pros and cons it can offer to online gamblers.
Creating an Account with InstaDebit
To begin with, creating an account with InstaDebit is not a requirement to use it, or at least not during your first transaction with this method. InstaDebit operates as a gateway between players’ bank accounts and the banks of the online casinos they are gambling at. One needs to hold an account at a supported Canadian bank and use its online banking services.
You can make your first deposit with InstaDebit without pre-registering but will be prompted to create an account during this process. Creating an account with InstaDebit is neither complicated nor time-consuming. It should not take up more than 15 minutes to set up your account and start depositing funds to your preferred online casino.
You will need to share some personal information with InstaDebit, such as your first and last name, your physical address, birth date, and a valid email address. The last four digits of your Social Insurance Number will also be needed.
Since the gateway operates on the principle of online banking, some of your banking details also need to be provided. These include your branch transit number, the number of your banking institution, and your bank account’s number, which consists of 12 digits. You can find this information on one of your checks or call your bank if you do not have any.
Upon the completion of your registration, InstaDebit will transfer a small sum (no more than C$2) into your bank account’s balance. This small deposit is not withdrawable and is intended only for the purpose of authenticating your new InstaDebit account. You are supposed to log into your online banking account and check your bank statement to see the precise amount of this deposit.
Then, you sign into your new InstaDebit account, navigate to the tab that reads “verify account” and fill in the amount InstaDebit has deposited into your online banking account. Once you do that, the deposit will be deducted from your balance and the spending limits of your InstaDebit account will be increased.
It should be noted this is not an e-wallet you can deposit your money into. InstaDebit is merely a bridge between banking institutions – yours and that of your favorite online casino. This is what makes it all the more secure since it prevents the disclosure of your banking information. Only you and your bank know the details concerning your transactions. Read on for more details on how casino deposits are conducted with this convenient method.
Funding Your Casino Account with InstaDebit
Topping your casino balance is fairly hassle-free with InstaDebit since the payment gateway is clearly focused on providing a seamless and convenient service to its users. Players with Canadian bank accounts can transfer some funds to their online casino balance by logging into their casino accounts and picking InstaDebit from the list of available options in the cashier.
The next step is specifying the sum you want to transfer after which, you will be redirected to the log-in page of InstaDebit where you must enter your first and last name. All you have to do is confirm the money transfer by following the instructions on the screen.
The casino will update your cash balance right away as deposits with InstaDebit are immediate and free of additional costs on behalf of most casinos. The minimum deposit amount allowed for this method varies between gambling operators but usually is within the C$5-C$20 range.
Withdrawing Funds with InstaDebit
Some online casinos would support InstaDebit for withdrawals as well. The procedure here is no different than depositing with the method – it is basically the same thing but in reverse. Again, you need to click on the InstaDebit logo in the casino’s cashier, specify what amount you want to withdraw, and follow the instructions to confirm the money transfer.
Do not expect the withdrawal to be as quick as the deposits, though. Casinos require some time to verify and approve all withdrawals, especially when a larger amount has been requested. This verification is performed not only for your security but also to hinder money laundering.
The requested amount will remain pending in your account. If you have a change of heart, you may be able to cancel the request and have the amount returned to your balance as long as the casino does not support manual flushing.
Pending periods range from several hours to 3 days – it all depends on where you are gambling. When the withdrawal is approved by your casino, the funds will be released into your InstaDebit account. You can transfer them to your actual online banking account by logging into your InstaDebit. The funds will be transferred to your bank account within 3 to 5 business days.
We would like to remind you not all online casinos would support InstaDebit for withdrawals. Some operators choose to return the withdrawals of InstaDebit depositors via bank transfers or checks, which may further slow down the process.
One aspect InstaDebit falls flat in is its limited availability and respectively, its small number of supported currencies. InstaDebit is intended solely for Canadian players who use the online banking services of institutions associated with this payment gateway. US-based players are not permitted to process transactions with InstaDebit even if they are legitimate account holders at a Canadian bank.
The method allows for transactions only in two currencies, CAD and USD. If your favorite casino does not accept CAD (which would be a rarity), you can set up your casino account in USD. When you request a withdrawal to your online banking account, the transfer will be subjected to a conversion from USD to CAD. The conversion will be performed in accordance with the current exchange rates and would involve an additional fee. The conversion fees may differ between Canadian banking institutions so we suggest you check with your bank for information on this.
Is InstaDebit an Affordable Casino Deposit Method?
The answer is a resounding “yes”. InstaDebit is very popular among Canadian players as there are hardly any extra fees to pay when using it. Online casinos working with this payment gateway are not in the habit of charging their user base for payments carried out with InstaDebit and this goes for both deposits and withdrawals (if supported).
InstaDebit itself will charge you extra for some services but we think these fees are nothing to cry about, especially when compared to those of other online payment processing companies. Registering your account is free of charge but you will have to pay a flat fee of C$1.95 when making an InstaDebit deposit directly from your online banking account.
Respectively, there is an extra charge of C$2 when you transfer funds from your InstaDebit account to your online banking account. Observe how these fees are fixed unlike those of some other payment methods where a percentage is deducted from the transferred amount and the bigger the sum, the higher the extra charges.
As previously noted, players whose payments undergo conversion from CAD to USD or vice versa will have to pay extra. The size of these conversion fees depends on which Canadian bank you are a customer of. We recommend you to check with the corresponding institution for more accurate details on their currency conversion charges.
Last but not least, it is important for you to ensure you have a sufficient balance in your online banking account. Otherwise, your casino deposit will not be completed successfully and your bank might even charge you for such NSF (No Sufficient Funds) transfers.
InstaDebit on Mobile
An online banking method holds a greater appeal in the eyes of casino players when it enables mobile payments. On-the-go players can rest assured they will be able to make transactions to and from their casino accounts with InstaDebit.
Installing a dedicated InstaDebit app on your portable device is not an option at the current moment but you can easily access your InstaDebit account in your smartphone’s browser. This way you will never lose sight of your casino transactions which, on its own, furthers your bankroll management, helping you become a more disciplined gambler. Mobile deposits and withdrawals with InstaDebit are conducted in the same manner as those on desktop computers.
InstaDebit is among the safest available payment methods. Actually, it is part of the Canadian Banking System, which therefore means that it is subject to very strict regulations. Users’ information is protected by a 128-bit encryption as well.
If you check the bottom of the method’s home page, you will surely notice InstaDebit holds several valid certifications that further confirm it is a secure payment solution. One certification is issued by TrustArc (previously known as TRUSTe), confirming InstaDebit adheres to the necessary privacy frameworks.
InstaDebit has also earned a certification from McAfee. The well-known provider of cyber security solutions has established the payment gateway holds a valid SSL certificate and does not contain any malware.
The likelihood of identity thefts and frauds is brought down to a minimum with InstaDebit since the gateway verifies users’ birth dates along with their Social Insurance Numbers during the registration process. Additionally, players who use this method do not share any sensitive information when making an InstaDebit payment. Even the casinos themselves have no access to their banking details which remain safe between the user and their financial institution.
What Casino Games Can You Play with InstaDebit?
- Slots – classic slots, video slots, bonus-feature slots, jackpot slots, and 3D slots
- Video Poker – Jacks or Better, Tens or Better, Deuces Wild, Aces and Eights, Aces and Faces, Joker Poker, Double Double Bonus Poker, All American Poker, All Aces Poker, 2 Ways Royal, Louisiana Double Poker, and more
- Roulette – French Roulette, American Roulette, European Roulette, Premier Roulette, Multi-Wheel Roulette, Progressive Age of the Gods Roulette, Live Roulette, Multi-Player Roulette, Diamond Bet Roulette, Mini Roulette, Spread-Bet Roulette, and 3D Roulette
- Blackjack: European Blackjack, Blackjack Switch, Spanish 21, Pontoon, Blackjack Surrender, Duel Blackjack, All Bets Blackjack, Double Exposure, Buster Blackjack, Perfect Pairs, Super Fun 21, Live Blackjack, Vegas Strip and Atlantic City Blackjack
- More table games – Craps, Baccarat, Casino Hold’em, Caribbean Stud Poker, Sic Bo, Red Dog, and Pai Gow Poker
Advantages of InstaDebit
- low transaction fees
- transfers funds directly from your bank account
- an easy-to-use system
- generous casino bonuses on deposits
- high levels of security
- widespread in numerous Canada-friendly casinos
- allows for anonymous gambling money transfers
It is clear to see InstaDebit has a variety of benefits to offer, especially when used for online gambling purposes. InstaDebit is a very affordable way to transfer funds to and from your online casino account. InstaDebit players are not charged for deposits and withdrawals by most online casinos, which on its own will help them stretch their bankrolls much more.
More importantly, InstaDebit is a very secure way to make money transfers on the web. No one but you and your bank will have access to your banking information as InstaDebit is only a mediator between the banks of the two parties involved in the transaction. This also works to the advantage of players who wish to gamble anonymously.
Security is further fortified by the fact the payment gateway protects its customers’ transfers with 128-bit certified SSL encryptions which hinder hackers and fraudsters from accessing any sensitive information. Players’ identity is verified in the registration process as well, not to mention InstaDebit will never disclose any of their details to third parties.
Many online casinos would also not exclude this payment method from participation in promotional incentives. This is not always the case for players who deposit with e-wallets like Skrill and Neteller as payments conducted with these two methods sometimes do not qualify for welcome bonuses.
Finally, InstaDebit is a very time-efficient way to boost your online casino balance. Deposits are transferred immediately so you can dive right into the betting action without any delays or hassles.
Disadvantages of InstaDebit
- not always supported for withdrawals
- available only to casino players residing in Canada
- requires a bank account to use it
- available in a limited number of currencies
InstaDebit may be very convenient, secure, and easy-to-use but it, too, has its flaws. For starters, not all online casinos are willing to process withdrawals with InstaDebit and support it solely for deposits. Some operators are in the habit of automatically returning withdrawals to the same method the player has used when depositing.
However, if InstaDebit is not supported for withdrawals, such casinos will normally return your winnings either via a regular bank transfer or via a check. Both options are painfully slow, and this alone might cause some players to altogether give up on using InstaDebit. The best course of action is to inquire with customer support whether or not this method is accepted for both deposits and withdrawals.
Another aspect of InstaDebit that might be interpreted as a disadvantage is that one needs a bank account in order to use it. Some casino players either may not have a bank account or may be reluctant to use it for online gambling purposes. Those who do but lack discipline are at risk of overspending, even more so if they do not keep their gambling funds separate.
The requirement of signing up with InstaDebit may be deemed a nuisance by certain gamblers. After all, there are many other casino deposit methods where payments can be carried out without registration and identity verification.
The biggest disadvantage of InstaDebit is its limited availability. As we explained earlier, this method caters only to the Canadian market and therefore, cannot be used by players in other countries (not even in Canada’s northern neighbor, the United States) even if they have an account in a Canadian bank.
Also, the method works with only two currencies, USD and CAD, which may lead to additional fees for conversion if players gamble at an online casino that does to accept either of the two. In comparison, some of the other popular casino payment solutions like Skrill, Neteller, PayPal, and Paysafecard work in a couple of dozens of currencies.