Best Canadian banking methods online

One of the essential features of the best online casinos is fast, easy and secure banking options.

However, with so many real money banking options available, it can be a daunting task to choose the best online casino. To help you achieve a superior gaming experience, we’ve reviewed all the casino payment processes and explained in detail how to best use them to save your money.

This guide will answer questions on:

  • What to pay attention to when choosing a banking method?
  • What are the advantages of playing with CAD currency?
  • How to recognize safe and secured banking methods?

Most popular online banking methods in Canada

Mobile payment solutions

How to deposit at an online casino?

Depositing to an online casino for real money in Canada is a fast and easy process.

You must be at least 18 years old and the keeper of at least one banking method. Here we have explained the whole process of making casino deposits in a few easy steps.

Pick a casino

Choose a online casino in Canada that suits best your needs.

If you want to save your time finding a secure and safe casino, take a look at our list of the recommended Canadian casinos here on this page.

Register

On the casino homepage, click on the “signup” or “register” button to start your registration process.

Fill up the required details and read the terms and conditions before you complete the registration process. Verify your account and log in to your casino account.

Deposit

In order to put funds or deposit at a casino head to the cashier page in your account.

Choose a banking method that best suits you and enter the deposit amount you want to add to your balance. Fill up the required info and click complete.

Welcome bonus

During the deposit process, you can choose to get a welcome bonus. Playing with a welcome bonus is optional.

So if you want to play with your money and withdraw your winnings anytime, skip the bonus. If you opt to play with the bonus, you will have to deal with wagering requirements.

What to pay attention to when choosing a banking method?

By picking the proper banking method, you can create your gaming experience better and save your money. There are a few things to which you can pay attention when choosing a payment method to deposit your account at the best Canadian online casino of your choice.

  • CAD currency: Pay attention to whether the online casino accepts CAD currency. It is an excellent advantage if you play at a casino that accepts payments in Canadian dollars. In that way, you will avoid paying currency conversion rates during every transaction and save your money in the long run.
  • Transaction fees: Each payment method of course takes a certain amount of fee for each transaction. Some methods vip some methods less, before you choose which banking method to use, check the exact amounts of fees and choose the one that suits you.
  • Transaction processing time: If you are a player who has no patience, also check the speed of project projection. 99% of online casinos and make money oblige you to pay out the same method you used to place the deposit. So before you choose a deposit method, check the processing time of the withdrawal transaction so that you know how long you will wait for the money to arrive in your bank or -ewallet account.

Canadian casino banking methods

The best thing about online casinos is that they accept a wide range of payment methods. So no matter what casino you pick to play, you can always expect to find many options.

15+ real money online casino banking methods
Lis of most common real money banking methods at Canadian casinos.

Most casinos have at least ten banking methods, which is great for many players, especially Canadians who strive to play with CAD.

With so many banking methods, you can choose the payment method that suits you the best. You will be able to use it to deposit and withdraw your winnings when playing at online casinos.

The most common and safest banking methods for deposit and withdrawal at casinos include debit/credit cards, e-wallets, cryptocurrencies and bank transfer.

With so many options on the plate, we have listed the most common ways to deposit money at a casino to make it easier for our visitors and new players. But remember withdrawal time will differ depending on the payment method you choose.

PAYMENT SERVICEWITHDRAWALWITHDRAWAL TIMEWITHDRAWAL LIMIT
VISAYes2-6 daysC$ 14,000 per week
Master CardYes2-6 daysC$ 14,000 per week
MaestroYes2-6 daysC$ 20,000 per day
SkrillYesInstantC$ 20,000 per month
NetellerYesInstantC$ 5000 per month
PaysafecardYes2-48 hC$ 5,500 per year
PayPalYes2-48 hNo limit
ecopayzYes2-48 hC$12,000 per month
Bank transferYes3-7 daysDepends on the bank
AstroPayYesInstantNo limit
JetonYesInstantNo limit
BitcoinYesInstantDepends on the casino

Casinos with debit/credit cards

All casino sites accept payments with debit/credit cards. This is the most common payment option at online casinos.

The only disadvantage is when using debit cards is that withdrawal of your fund to your bank account can be up to 4 days.

Besides that credit/debit cards are the safest and reliable payment option.

Visa

Visa is the most widespread and most common method of direct payment. Also, it is the easiest to use. All casinos that offer this payment method can be considered safe, secure and reliable.

Depending on the bank you use, small fees may apply to each transaction. The time of payment in casinos is currently, while for payment you can wait up to 3 working days for the money to arrive in your bank account.

  • Minimum deposit: CAD10
  • Fee: 2.5%
  • Payout time: 3-4 days

Master Card

If the casino does not accept MasterCard, something is wrong. Using a MasterCard is a real, easy and simple process. Just select the casino, go to the registration and enter the card information such as the card number, CVV security code, expiration date and your name among other necessary details.

The time of the deposit is current. Withdrawals and money in your account may take up to 3 days after the casino approves your payment.

  • Minimum deposit: CAD10
  • Fee: 2.6%
  • Payout time: 3-4 days

Maestro

Maestro is also a major debit card provider with a presence in 100 + countries worldwide. The best thing with Maestro when it comes to gambling online is that do not support any credit line. So you will not be able to spend more than you have and go into minus.

The deposit time is instant, a small fee of 2% can be added during each transaction, but that depends on your bank provider. The payout time is the same as Visa and Master Card and it will take up to 3 days for the to money arrive at your bank account.

  • Minimum deposit: CAD10
  • Fee: 2%
  • Payout time: 3-4 days

American express

AMEX is one of the most convenient payment methods in the US and Canada. It’s easy to use and it’s secured with safety measures for each deposit/withdrawal transaction.

We must note that AMEX charges annual fees. Deposit time when using American Express is instant, while for withdrawal it will take up to 3-4 working days.

  • Minimum deposit: CAD20
  • Fee: 3.4% (annual)
  • Payout time: 3-4 days

Casinos with e-wallets

E-wallets are the fastest casino payment method at Canadian online casinos to deposit or withdraw your funds. Another great advantage of e-wallets is making online transactions without reviling your card or bank details.

All you have to do is connect your bank account or card with a ceratin e-wallet and fund your account. But the most significant advantages are efficiency and quick withdrawals.

Paysafecard

The most significant advantage of Paysafecard is that you can buy it online or in-store. You will receive a ticket with a 16t-digit code (pin) which you can use to deposit money anonymously. You can also create a Paysafe account online to add your codes.

This way, it works more like an e-wallet than a prepaid card. The primary benefit is that you are allowed to make an enormous deposit amount without typing 16t-digit codes.

  • Minimum deposit: CAD10
  • Fee: 0%
  • Payout time: Instant

MuchBetter

Muchbetter is one of the most common payment options at Canadian casinos. You can create an account in a few minutes and top op up your balance with a credit card.

Muchbetter is one the fastest withdrawal methods at casinos with real cash. There are no fees charged, and the overall payout time is instant. Also, customers can order to receive a Mucbetter credit card which allows them to spend now and pay later.

  • Minimum deposit: CAD10
  • Fee: 0%
  • Payout time: Instant

Skrill

Skrill is one of the safest and secured e-wallets out there. The great advantage is that you will hide your bank details during each transaction.

The significant disadvantage is that depositing with Skrill at some casino online will not activate a welcome bonus. The deposit and payout waiting times are instant, and fees are charged for these transactions.

  • Minimum deposit: CAD10
  • Fee: 2.9%
  • Payout time: Instant

Neteller

Neteller and Skrill were the biggest competition before a few years, but now they are under the same company. Most online casinos in Canada will accept this payment method.

The deposit time is instant, while after payout processes your payout request your winnings will be transferred in a few seconds to your Nettler account.

  • Minimum deposit: CAD10
  • Fee: 3.9%
  • Payout time: Instant

Neosurf

Neosurf voucher is one more common accepted banking method at gambling sites in Canada. Customers have an option to buy a voucher and deposit, or you can create an account and be able to both send and receive funds.

This is one of the easiest and simplest e-wallets on the internet. You can send and receive cash in a few seconds and what is best there are no fees at all for transactions. Only if you want to withdraw your money to a bank account there is a 2,5 fee per transaction.

  • Minimum deposit: CAD1
  • Fee
  • Payout time: Instant

Ecopayz

You have multiple options if you want to deposit via EcoPayz, including an Eco Payz account, prepaid card, virtual card, or EcoVoucher. The most convenient way to use it at casinos is to create an Ecopayz account and connect your bank card.

This way, you can hide your bank details when depositing online, and you can withdraw money to your ecoPayz account balance instantly.

  • Minimum deposit: CAD10
  • Fee: 0%
  • Payout time: Instant

Instadebit

Instadebit is a fast and secure e-wallet. Accepted by many recommended casinos in Canada, it allows you to deposit payment directly from a card to an online casino.

You can create a free account at their official website. Instadebit will charge you CAD$ 1.95 for each payment to an online casino from your card or bank account. If you top up your balance, Instadebit will not charge the fee for the deposit. If you want to move money back to your bank account, Instadebit will charge you CAD$2 per transaction.

  • Minimum deposit: CAD5
  • Fee: 0%
  • Payout time: Instant

PayPal

PayPal is one of the most used e-wallets worldwide, but not so many casinos accept this payment. PayPal transactions are safe, fast and secured.

Do not skip confirming your account and identity at PayPal because you can end up with a closed account and your funds on hold. Paypal will charge you a fee of 2.9% plus CAD$ 0.30 for each transaction.

  • Minimum deposit: CAD10
  • Fee: 2.9%
  • Payout time: instant

Apple Pay

Apple Pay is a mobile deposit option that provides free and safe money transfers. Most casino sites that accept real cash will provide you with secure TouchID service and instant transactions.

The minimum deposit with Apple Pay is CAD10, and the deposit process is free of fee charges. One of the significant advantages is that Apple Pay supports CAD currency, saving Canadian customers from conversion fees.

  • Minimum deposit: CAD5
  • Fee: 0%
  • Payout time: 3-4 days (directly to bank account)

Boku

Boku pay by phone offers one of the fastest and easiest to use transaction services at online casinos. There are no fees and transactions are completely safe and secured.

You can top up your balance within a few seconds and you are not required to provide bank or card details. Just pick the amount and it will be added to your monthly phone bill.

  • Minimum deposit: CAD1
  • Fee: 0%
  • Payout time: Instant

Casinos with Wire Transfer

In Canada when choosing to play with real money at an online casino players will be able to use the following banking methods.

Bank transfer

Bank transfer is, of course, the most reliable banking method. But when it comes to online transactions, it is not intelligent to always receive your bank details. There are so many third parties that are stocking to steal your money.

Another disadvantage to using bank transfers directly for online shopping is a protracted withdrawal waiting time. Waiting time is up to 7 business days.

  • Minimum deposit: CAD20
  • Fee: depends on the bank
  • Payout time: 5-6 days

Interac

If you want to hide casino transactions at your bank statement, depositing via Interac is the best option for you. You can create an Interac account fast and easy and transfer your money from your card to interact in a few seconds.

Then you need to join any casino online that accepts Interac payments, head to the cashier page, and use your e-wallet for deposit. There are no fees charged, and this is one of the fastest withdrawal methods online, where you can receive your cash winnings in a few moments.

  • Minimum deposit: CAD10
  • Fee: Free
  • Payout time: Instant

Instadebit

Instadebit is a fast and secure e-wallet. Accepted by many recommended online casino Canada sites, it allows you to deposit payment directly from a card to an online casino. You can create a free account at their official website.

Instadebit will charge you CAD$ 1.95 for each payment to an online casino from your card or bank account. If you top up your balance, Instadebit will not charge the fee for the deposit. Moving money back to your bank account, Instadebit will charge you CAD$2 per transaction.

  • Minimum deposit: CAD10
  • Fee: CAD$ 1.95 per tranasaction
  • Payout time: instant

Rules to withdraw casino winnings

Withdrawing money from an online casino can be a straightforward process if you meet all the conditions for withdrawal in advance.

But if you haven’t put all dices together, this process can be very complicated and exhausting.

In this guide, we have explained how to pay out your casino winnings the fastest without any payment delays.

Verification

The first thing you need to do before you even think about withdrawing money is account verification.

The casino will not allow you to pay out if you have not verified your account and proved your identity.

KYC protocol

Completion of the KYC protocol is mandatory to be able to withdraw money from online casinos.

This process involves two types of verification. The proof of your identity, which includes uploading a valid ID document issued by a government organization.

Uploading the place of residence proof such as utility bill or bank statement document no more than three months old. Upload these two documents to your casino account.

Wagering requirements

Meeting wagering requirements only apply to those who have accepted the bonus.

Only when you meet the wagering requirements can you begin a request to withdraw money from your casino account.

The casino processes your payout request from 24h to 7 days.

Before requesting a withdrawal, make sure you meet all the wagering requirements, to avoid frustration and waiting.

Go to cashier

After you have checked that all the conditions for payment are complete, go to the cashier page.

Select a withdrawal to make a payment. Take the withdrawal option that works best for you. Most real money casinos will require you to use the option you used for the deposit.

Type the amount you want to withdraw but pay attention to the withdrawal limit.

Then confirm the payment and wait for the casino to process your request and send the money to your bank account.

FAQ

What payment methods offer instant withdrawals?

If you want to have instant casino withdrawals, you should always opt for e-wallets. However, a casino to process and approve your payout request takes 24 hours to several days.

No matter which method you choose, you cannot influence this waiting time. But after approval, if you choose e-wallets like Skrill, Neteller, Paypal, Instadebit or Mobilepay, the casino will payout your money within seconds.

What payment method offers instant withdrawals?

Only e-wallets like Skrill and Muchbetter.

What payment method is best to use online?

The best ones are e-wallets like Skrill, Muchbetter and Neteller. This becouse you will have the faster withdrawal proccess and also becouse you dont have to give away any personal details to the casino like your credit card number.