InstaDebit is our top recommended payment method at online casinos.
Instadebit links to your bank account and allows you to transfer funds directly from your bank account. No hassle, no waiting. Instadebit fully complies with Canadian banking regulations, so it’s safe and easy to use.
The InstaDebit banking is similar, even in name, to iDebit online banking. The systems are pretty much identical, so you can use either one.
Is InstaDebit Safe?
The best sign of Instadebit’s safety is that the company has been running a successful online payment transaction business since 2003. If it wasn’t safe, it wouldn’t have lasted for more than 10 years.
Instadebit employs data encryption technology and anti-fraud measures. These ensure that your financial information remains secure. They also use TRUSTe Privacy Program to ensure privacy and security of your personal information.
You have complete control over your transactions with Instadebit. You can view a history of all transactions you have made, allowing you to keep on top of your spending while using Instadebit.
Customer support is available 24/7 if you have any questions when using Instadebit. You can contact Instadebit via email, instant live chat or by a toll-free number. For added security, account information and ID must be available for verification before customer support will attend to your questions. This is actually a higher level of security than what PayPal has.
How do I use InstaDebit to deposit?
Before you can use Instadebit to deposit or withdraw, you must register an Instadebit account.
You can register an account via the casino’s cashier system or by going to Instadebit’s website. Creating an account is free and is done by filling in the relevant information.
You will need to provide personal details (name, address, telephone numbers, date of birth), as well as the details of the bank account you want to link to Instadebit. Only Canadian banking accounts will be accepted.
All your details will be verified in real time. You will then be able to visit the cashier section of the online casino where you’re playing.
Click on Instadebit as your banking method of choice. You will need to fill in a username and password and the amount you want to transfer. Click on the bank account you want the cash transferred from or to and then authorise the transaction to complete the transfer.
How about withdrawals?
When you want to withdraw, again go to the cashier section and choose Instadebit as your withdrawal method.
Casinos process withdrawals anywhere from 2 hours to a couple of days (Guts being the fastest). After they have processed your withdrawal, the funds land directly to your bank account.
Fees and transaction limits
Instadebit does not charge any fees for using the service. Neither do casinos.
The only fees associated with an Instadebit are charged for having insufficient funds in your account. Instadebit is a free and convenient payment option for Canadian online casino players.
When you deposit with Instadebit the money comes directly from your bank account. This makes it a riskless deposit method both for you and the casino. This extra safety means high transaction limits compared to other deposit methods.
Exact limits depend on the casinos, but typically the minimum is $10-$20. Industry standard maximum is $2,000 Canadian dollars with one transfer. This effectively guarantees that most of us will never run into the transaction limits.