Instadebit is an electronic fund transfer service that operates in the same way as a cheque or debit card, which means that you can play online using the funds in your bank account. Instadebit also allows Canadian players to quickly and easily fund an online casino account without sharing financial information directly with the casino, and without the need for a credit card or to maintain a separate e-wallet account. All that is required is an account with any Canadian bank or financial institution.
Because it operates in the same way as a cheque account, there is no need for players to pre-fund an Instadebit account, which is one of the reasons it is such a popular casino payment method with Canadian players. In addition, it’s not necessary to create an account before signing up at an Instadebit casino. You can create your account as part of your first transaction and, as long as you have an account at a Canadian bank, you will receive a temporary transaction limit and can start using Instadebit immediately without waiting for approval or account activation.
Once you have opened your account, within the next 3 – 5 business days there will be a small deposit (under $2.00) made into your account from Instadebit in order to verify your banking details.
When this payment arrives, log into your Instadebit account and click on the Verify Bank Account link. You will be asked to enter the size of the deposit you received, and once you have done this your spending limit with Instadebit will be increased.
There is a CAD$1.95 charge for making a payment from your bank account using Instadebit, and CAD$2.00 for making a withdrawal. Transactions appear on your bank statement within 0 – 2 working days.
Instadebit offers Canadian players a number of advantages over other types of the electronic fund’s transfer system. Unlike e-wallets such as Neteller, you don’t have to deposit funds into your Instadebit account; rather, money comes from your bank account and so there’s no need to ensure that your Instadebit account is ‘topped up’. This also means that you’re not hindered by waiting for funds deposited into an e-wallet like Skrill to clear. Instadebit is also far more convenient than pre-paid voucher systems such as Ukash as there’s no need to go out and purchase a voucher in advance. A number of our recommended online casinos, such as casino.com, offer players a 10% match bonus when depositing funds using Instadebit.
Instadebit offers players high levels of security and so you can play at an Instadebit casino with confidence. Your financial details are never shared with the casino, transactions are monitored and regulated by leading security certification firms VeriSign and TRUSTe, and all transactions are transmitted securely using 128-bit encryption technology.
In addition, it doesn’t matter where you bank, because Instadebit supports every bank and financial institution in Canada, and transactions appear on your bank statement as either INSTADEBIT.com or 1-877-88DEBIT. Another advantage to using Instadebit is that 24/7 customer support is available via phone, email or live chat.
If you’re looking for a fast and efficient way to run your online casino account without the hassle of having to pre-fund it, and without needing to wait for deposited funds to clear, we recommend Instadebit for Canadian players. It’s safe and secure, your privacy is maintained, and you also don’t have to worry about maintaining a third-party e-wallet. You have control over your funds and can make deposits and withdrawals quickly, so we consider Instadebit casinos the ideal choice for Canadians.