Interac Withdrawal

Page updated on: 22.02.2021

Interac Online is a very popular payment service in Canada that is used for online payments. Interac Corp, which was formerly the Interac Association and Acxsys Corporation, has over 30 years of experience in the finance sector. The company averages over 17 million transactions per day, over 6 billion a year, which shows, that clients trust the provider. Hundreds of thousands of vendors accept this payment method. The company offers different products, including Interac Cash, Interac Debit, Interac Flash, Interac e-Transfer and Interac Online, which is most interesting to online casino players.

Advantages

• fast method to transfer money directly from the bank account
• very safe to use
• withdrawals are possible
• allows for control of spending

Interac Online can also be used for the withdrawal at a casino. If you've previously used it for the deposit you can also select it from the list of available options for the withdrawal. Fees may apply to the withdrawal, but these depend on your bank and if the casino charges them. Interac's head office is located at Royal Bank Plaza in Toronto. Interac is the organization responsible for the development of a national network of two shared electronic financial services: Interac Direct Payment (IDP) Interac Direct Payment (IDP) is Canada's national debit card service for purchasing of goods and services. The minimum deposit is usually from CAD10-25 while minimum withdrawal stands at CAD25. Some usual withdrawal limits that apply to the big casino brands are CAD 4,000-10,000 CAD per day, CAD 16,000-30,000 per week, or CAD 50,000-100,000 per month. Best Sites With Interac E-Transfer 100% up to €1,000. Interac Debit More than just a card. Interac Flash The faster way to check out. On Mobile Pay with your mobile device. E-Commerce Shop the web and in mobile apps. Interac Debit (Chip and PIN) Cross-Border Debit Pay with your card in the U.S. Interac Cash Withdraw cash at your convenience. Find an ABM Search for an ABM close to you.

Interac Withdrawal Fee

Disadvantages

• fees may apply from the bank
• transactions appear on bank statements

Top Interac Online Casinos in 2021

Interac Withdrawal Rules

Here you can find our top picks for casinos that accept Interac Online as a payment method. There are currently not many casinos available, but we think that there will be more in the future. All these casinos are licensed by a reputable jurisdiction and tested regularly for compliance.

Showing casinos for players from Germany

*Bonus Terms apply and they can change any time.

How does Interac Online work?

Interac offers different types of payment products that are similar but work slightly different. Online casino players will probably find Interac Online most interesting, as it's a convenient payment method for online casinos. You can use Interac Online to deposit money directly from your bank account into your casino player account.

The payment method is very safe, as payment details are not shared with the merchant, and it is also a good means to control your spending, as you are not able to spend more than you have in your bank account. Interac will process the transfer from your bank to the merchant on your behalf and act as an intermediary, eliminating the time it takes for a normal bank transfer.

Other Interac products include Interac Debit, that allows you to make debit payments at over 500,000 vendors in Canada and allows for secure and fast payments directly from your bank account. Mobile Interac Flash is a payment methods that allows you to make a mobile payments at participating vendors.

The transactions are secured through detection limits and passcode verifications. This payment method is currently only available through the RBC and Scotia bank mobile wallets and Mobile Pay, but it is expected that this payment method will grow in the future.

With the Interac e-Transfer you can receive payments from other bank accounts or send and receive funds through an e-mail address or your mobile phone number that is linked to a Canadian bank account. More information about the products of Interac can be found on their website ↱.

Interac Withdrawal Limit

Casino deposit with Interac Online

A casino deposit with Interac Online is a safe method to deposit funds into your player account with Canadian Dollar. Follow the steps on screen to effect the payment, which is essentially an instant bank transfer. The money will be available a few moments after the payment has been processed. During this process you will need to enter the online banking details, the amount you wish to deposit, and to confirm the payment.

Interac Withdrawal 401k

Casino withdrawal with Interac Online

Interac Online can also be used for the withdrawal at a casino. If you've previously used it for the deposit you can also select it from the list of available options for the withdrawal.

Fees may apply to the withdrawal, but these depend on your bank and if the casino charges them. Take a look at the casino's policies for more information about the payment fees. You can see casinos without fees here.

Conclusion

Interac Online is a very safe method to deposit and withdraw funds into and from your player account. However, this payment method is only available for players that have a Canadian bank account, so players from other countries are out of luck. This instant banking method is a very popular payment method in Canada, and is proven to be reliable and convenient. Only players who don't wish to see casino payments on their bank statements should choose a different payment method, for example Neteller, as this is more discreet than this instant bank transfer.

Interac Online FAQ

♦ Which currencies are supported with Interac Online accounts?

Interac Online supports payments in Canadian Dollar and US Dollar. Payments sent to foreign accounts will be converted into the receiving currency, which will cost fees.

♦ What are the fees for Interac Online?

In some cases, consumers may be charged a fee for using the service. You can find these in your service agreement with Interac. It can also happen that your bank charges fees, or in some cases, the casinos charge fees for deposits and/or withdrawals, so, take a look at the casino's terms.

♦ How long does it take to send or receive money with Interac Online?

A payment made with Interac Online is carried out within moments, after the payment was confirmed by the bank. The withdrawal time depends on the casino, as each casino will perform checks before processing a withdrawal, which can take a few hours, up to a few days.

Remember, that it's likely that you need to verify your identity with the casino provider, so keep in mind that this may prolong your first withdrawal request. After the withdrawal has been processed by the casino it shouldn't take very long for you to receive the money.

♦ Can I use Interac Online in online or mobile casinos?

Interac Online is available in many mobile and online casinos, as well as Interac e-Transfer. You can find some of the best casinos here at CasinoDaemon.com. Many of these casinos also accept payments in CAD.

♦ What are the minimum and maximum transfer amounts with Interac Online in casinos?

Interac Online transfers to online casinos can be made starting from C$10, but the casinos set their own rules for minimum amounts as well, which can be higher. The maximum transaction amount is C$2,500, but this can vary also with limits from your own bank.

♦ Where is Interac Online based and/or licensed?

Interac Corp is a Canadian company with decades of experience in the financial market. Their headquarters are in Toronto, Canada.

♦ Can I get a casino bonus by using Interac Online?

Many players from Canada are welcome to take advantage of a casino bonus, which is also available when they make the payment with Interac Online. Remember that casino bonuses are subject to terms and conditions, and we recommend reading them carefully.

♦ Is Interac Online a safe payment method?

Interac Corp is a Canadian fintech company with different products for payments, including Interac E-Transfer and Interac Online, that you can use to make payments to online casinos. The company has a long-standing history, dating over 30 years back and making it one of the oldest payment-providers in Canada.

Payments made with Interac Online are secured through SSL and the company also ensures that their user data is kept in secure locations. Interac payments are also secure for the user, as a transaction has to be confirmed by the security feature of your bank, which means that as long as your banking details are safe and not compromised, you won't have to worry. Your online banking details or other private information is not shared with anyone either.