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Interact Casino Banking Method Review

By: Russell Potvin

Interac is an online payment option that most Canadians are already familiar with. It can be used to pay for goods and services on the internet with the money coming straight from your Canadian bank account. Did you know that there are also online casinos with interact? That's right, you can now look for an interact casino that will allow you to deposit and withdraw funds in real time. For online gambling enthusiasts, this method is perfect and there is no fear of amassing credit debit because the electronic transfer will only be completed if you have cash in your bank account.

Interac was formed in 1984 and is a recognized leader in debit card services. They are responsible for the development and operations of the Inter-Member Network (IMN), a national payment network that allows Canadians to access their money through ATMs and Point of Sale terminals across Canada. This made-in-Canada e-transfer payment solution supports the legal Canadian online gambling industry.

If you are looking for an online casino accepting interact, you will be happy to know that just about every worthwhile Canadian gambling site uses this payment option. It is a convenient and easy choice and allows you to enjoy real time gambling action from the comfort of your home. Canadians love it because it's almost free. There is a flat rate charge for every e-transfer whether you are sending $5 or $500. This means your online gambling transactions won't have fluctuating costs and they happen in real time. The fee is usually about $1 or $1.50 but it can vary depending on your bank so this is worth checking.

In order to use this electronic payment method, you need to have an account with one of over 200 of the participating financial institutions including:

  • Royal Bank of Canada
  • Scotiabank
  • TD Canada Trust
  • Bank of Montreal
  • Canadian Imperial Bank of Commerce
  • Credit Union Central of Canada

Pros and cons for Interac Casinos Online

The Interac casino payment method has a number of advantages for Canadian gamblers. These include:

  • Deposit using Canadian Dollars
  • Pay a low, flat rate, no matter how much you deposit
  • Receive your casino cashout quickly
  • Send real cash to anyone with an email address or mobile phone number and a Canadian bank account
  • The best in secure encryption and fraud prevention to ensure your transactions are safe
  • Interac transfers are withdrawn immediately from your bank and there are no surprise bills at the end of the month
  • Fastest casino payment method for Canadians

As with all online gambling account banking methods, there are some disadvantages to using Interac. These include:

  • No accepted by international companies
  • You need to have access to online banking that supports the Interac e-transfer service
  • Bank fees can vary

Interac Casino Bonus Rewards

Most Canadian players love the fact that interact e-transfers make their online gambling easier and with the Canadian casino market growing at such a rapid rate, more and more are looking for sites that accept this payment method. As mentioned, most reputable gambling establishments will offer interact deposits to their players but we have gone one step better. We have a list of the top casinos that allow interact deposits and withdrawals making your search so much easier. The site that we recommend for a great Interac casino bonus is Jackpot City. We also have our own exclusive $10 no deposit bonus