Learn all about using INSTADEBIT in our guide below, and compare which online casinos in Canada accept Instadebit.
Looking for the best option to deposit and withdraw funds on your online casino account? There are several great options available to Canadians including popular methods such as Interac, Trustly and iDebit.
One payment method that is offered by many Canadian online casinos is INSTADEBIT.
Unfamiliar with INSTADEBIT? We’ve created a complete guide to help you understand what INSTADEBIT is and how it works.
Keep reading to learn more about:
INSTADEBIT is an online payment method that allows you to make payments or transfer money online directly from your bank account. INSTADEBIT acts as a bridge between an online gambling account or merchant and your personal bank account. This ensures that you don’t have to share sensitive bank information, like credit and debit card numbers, with online casinos or retailers.
INSTADEBIT can be used by anyone who banks with a Canadian financial institution.
To set up an INSTADEBIT account, you will need the following:
You can either go to the INSTADEBIT website and create an account or set up an account during your first transaction. Creating an account the first time you use INSTADEBIT will still allow you to utilize the service without delay.
To create an account on the INSTADEBIT website:
You will be prompted to provide your bank account details during the signup process. This will connect your bank account to INSTADEBIT.
Please note: You can only register one bank account with INSTADEBIT. Therefore, you’ll want to make sure that you provide the information for the account that you intend to use when gambling online.
Once you have created an account, you can log in at any time and use several functions. These include:
As long as you bank with a Canadian banking institution, you can instantly use INSTADEBIT without the need to verify your account. However, you can also choose to verify your account to increase your spending limit.
To verify your account, follow these simple steps:
INSTADEBIT is a safe and quick way to deposit money into your online casino account directly from your bank account.
To deposit funds, follow these simple steps:
Keep in mind: When moving funds directly from your INSTADEBIT account to the online casino of your choice, funds will be transferred immediately. However, if you are moving money from your personal bank account, through INSTADEBIT, to an online casino, this transaction can take up to 5 business days.
You can also use INSTADEBIT to withdraw funds from a Canadian online casino.
To withdraw money from your online casino account to your INSTADEBIT account:
Once the money is in your INSTADEBIT account, you can use it to make other purchases and casino deposits or you can withdraw the funds into your bank account.
To get the funds back into your bank account, follow these steps:
INSTADEBIT will send the money directly to the bank account that you specified when you created your account. Allow 3 - 5 business days for the money to show up in your bank account.
Note: there is a $2.00 fee to move funds from your INSTADEBIT account to your bank account. There is no fee, however, for completing a refund or withdrawal that places money back into your INSTADEBIT account.
Creating an INSTADEBIT account is free. Making payments and transferring money from your INSTADEBIT account to an online casino or another merchant is also free. However, there are certain services for which INSTADEBIT charges a fee. These include:
Keep in mind - your bank may also charge you a fee if you try to withdraw more money than you have available in your account. This insufficient funds fee will vary depending on the financial institution.
If you create an INSTADEBIT account and later decide it’s not the right payment method for you, you can easily delete your account.
To close your INSTADEBIT account, simply send an email to email@example.com and request that your account be closed.
Now that you know more about INSTADEBIT, try it out at one of these top INSTADEBIT online casinos:
INSTADEBIT is a safe and quick way to get money into your online gambling account directly from your bank account. There are both pros and cons to using INSTADEBIT. Here are some key advantages and disadvantages we have identified.
INSTADEBIT takes several precautions to protect user information. Most notably, INSTADEBIT is certified by McAfee Secure and Verisign. These companies help prevent illegal activity and ensure security online. They are used by INSTADEBIT to monitor and protect transaction information.
INSTADEBIT also takes the following steps to further do their part in keeping your personal and financial information protected:
Thomas is responsible for all content on BettingGuide Canada. With his extensive knowledge of the gambling industry and college degree in law, he knows what you should look out for when choosing the best casino or sportsbook.