Canada’s Best iDebit Online Casinos

iDebit’s Background and History

iDebit is an online casino payment method which lets players make fast and secure deposits into their casino accounts. Using iDebit, you can pay vendors directly from your online banking account, without exchanging sensitive card details.

The service is offered by iDebit Payments Inc, founded in 2006 by Charlie Holland. Headquartered in Toronto, iDebit has become a popular way for Canadians to transact online. 

iDebit currently supports payment from online banking with the following Canadian banks: 

• Bank of Montreal;
• Canadian Imperial Bank of Commerce;
• Desjardins;
• National Bank;
• Royal Bank of Canada;
• Scotiabank;
• Simplii Financial (formerly PCF);
• TD Canada Trust.

How to Make Deposits and Withdrawals with iDebit

iDebit is one of the easiest casino payment methods to use for both deposits and withdrawals. All you’ll need to hand is your online banking or iDebit login information.

To make a deposit with iDebit: 

1. Take a look at our recommendations of the best iDebit casinos in Canada;
2. Once you’ve found a site you like by using our comparative tools, click through to the site’s registration page and enter your information
3. When the casino has completed its identification checks, you’ll be able to make an iDebit deposit
4. Head to the cashier page and select the iDebit option
5. Select your bank and log into your online banking account;
6. Finally, key in the amount you’d like to deposit and approve the payment.

Customers need an iDebit account in order to make withdrawals, and payments from your iDebit balance are free from transaction fees.

To make a withdrawal with iDebit:

1. Head to the cashier page of your iDebit casino and hit withdraw;
2. Select iDebit as the payment method for the withdrawal;
3. Log in with your iDebit account;
4. Key in the amount, hit confirm, and wait for the funds to reach your iDebit account.

Withdrawals are placed in your iDebit account, which is similar to an e-wallet. From there, you can transfer them to your bank account, but be aware you’ll incur a $2 fee when doing so.

Advantages of Choosing iDebit

If you play at casinos accepting iDebit, it’s one of the easiest casino payment options you can use. Let’s look at some of the things that make it a great way to deposit and withdraw funds.

1. It’s highly safe and secure — when you use iDebit to make a payment, your banking credentials stay between you and your bank. They’re not shared or stored with the vendor; 
2. Fast deposits — iDebit payments are made in real time so you’re not left waiting;
3. Low or no transaction fees — transactions to and from your iDebit balance are free. Payments from online banking are charged a $1.50 fee;
4. No debit or credit card required — the payment is made directly from your bank or iDebit account balance;
5. Customer support — iDebit can be contacted through live chat, phone, and email to resolve any problems. 

Disadvantages of Choosing iDebit

iDebit is not without its drawbacks, mainly around the withdrawal process. Here’s what to keep in mind when weighing iDebit up against other casino payment methods. 

1. iDebit account required for withdrawal — if you want to withdraw funds from your casino account with iDebit, you need to register for a free iDebit account;
2. Fees to withdraw from iDebit to your bank account — iDebit charges a $2 fee to transfer funds from your iDebit balance to your bank;
3. Slow withdrawals — these can take up to five business days;
4. Limitations — Not all banks supported.

Alternative Payment Options

If you don’t want to use iDebit to make a deposit, there are plenty of other casino payment methods available. In this section, we’ll walk through a few of them and how they stack up against iDebit. 

e-Wallets

e-Wallets like Neteller and Skrill are now ubiquitous payment options which tout many of the same advantages as iDebit. For one, they’re highly secure ‒ your banking details are saved in the e-wallet account and aren’t shared with the casino. Accounts can often be secured with two-factor authentication for added safety as well.

The fees are low too — usually players don’t have to pay anything when they want to make a payment. Withdrawals to the e-wallet are generally free, although players may have to pay when withdrawing from the e-wallet to their bank. For example, PayPal transfers to your bank account are free, but a fee of $3 applies if you’re withdrawing to a card. 

Some e-wallets are excluded from casino bonuses, so keep an eye out for related terms and conditions before you make your first deposit.

Bank Cards

Bank cards are among the most common deposit methods at Canadian online casinos. They’re simple too — just enter your card details and the funds are transferred from your bank account. 

Bank cards are a great payment method because almost every site supports them, and there usually aren’t any fees for deposits or withdrawals. Deposits are instant, but withdrawals can take up to a week to appear in your account. 

However, security is more of a concern. Some players prefer not to use this method as it requires sharing their card details with the casino. Making sure your connection is encrypted and the site is trustworthy beforehand is especially important when using this method. 

Wire Transfer

If you want a safe and reliable payment method, wire transfer can be suitable as you don’t have to entrust your card details to the casino. There’s more information required than other methods and less verification of the recipient. It’s also difficult to reverse a wire transfer so it’s important to check all payment details thoroughly.

There can be some hefty fees involved alongside minimum deposit and withdrawal amounts and the process is much slower, so it’s hard to recommend this casino payment option over more modern methods. 

Interac

Another popular payment option with Canadian players, Interac has a lot in common with iDebit. It acts as a payment middleman, using your online banking login for transactions. 

Like iDebit, it’s safe and secure as your banking details aren’t shared with the casino. It’s also efficient as there’s no sign-up required. Deposits are made in real time, making it a worthy competitor to iDebit. 

Watch out for cash withdrawal fees, although these are usually small. Interac is not as widely accepted as other casino payment methods so you may not be able to use it at every site.

iDebit Casino Welcome Bonuses

Canadian iDebit casinos frequently give new players a welcome bonus to entice them to their site. These provide an excellent opportunity for players to familiarize themselves with the platform or try out a new game. 

We’ve run through a few common online gambling bonuses below. Be aware that sometimes payment methods are excluded from promotions — iDebit deposits are valid for the welcome bonuses featured on this page, but don’t forget to check the terms and conditions with any offer. 

Matched Deposits

Matched deposits are a type of bonus where the casino tops up your account balance once you’ve made your first deposit. These funds can then be used towards different games on-site.

Imagine a casino offers a matched deposit bonus of 100% up to $100. If you deposited $50 with this offer, the casino will give you another $50 in bonus funds. Depositing $150 would only yield $100 in bonus funds as you would’ve hit the limits of the offer.

Keep in mind that these bonus funds usually have wagering requirements attached. That means you won’t be able to withdraw them until you’ve met the requirements. If a bonus comes with a 10x wagering requirement, you’ll have to stake the funds ten times over before they become withdrawable. 

Free Spins

You’ll often see free spins up for grabs at the best online casinos, which players can use on online slots games. Free spins let you get to grips with the particularities of a slot before playing for real money.

Free spins welcome bonuses can range from anywhere between 10 and 200 free spins, and this will largely depend on whether there are other elements to the offer. More free spins often means higher wagering requirements, so make sure you check the terms first.

Low Wagering Bonuses

The wagering requirements attached to bonuses can sometimes make them near impossible to withdraw. Watch out for low wagering bonuses as these will cut the requirements down to more manageable amounts. Low wagering bonuses can include both deposit matches and free spins, so players can find an offer best-suited to their favourite casino games. 

Some sites even offer casino bonuses with no wagering requirements — that means if you’re lucky enough to net some winnings from a bonus, you can withdraw the funds straight away.