These are the best online iDebit Casinos for Canadian players. The instant banking option for Canada is available at these iDebit Online Casinos
Last Updated on February 16, 2023 by Dave Hall
This is a guide to the top iDebit casinos. If this is your choice of casino online banking, you have come to the right place.
Is iDebit the right payment solution for you?
There are a lot of factors to consider when choosing the right payment method, especially since there are so many options available today.
This is a great thing because it means you can find the option that will ensure the best security for your financial data, be the most affordable option, and the most convenient.
However, it can be a little bit of a hassle to determine what the best choice is.
To make that easier, this article breaks down everything you need to know about using iDebit for your online casino transactions.
Read on to discover more about the pros and cons of using iDebit casinos, who is eligible for this service, and a more detailed look at how this payment method works.
What is iDebit?
iDebit is a payment method for secure online transactions using your online bank account.
By connecting to one of their supported banks using this service, users have an added layer of security for their personal data while they make instant transfers to fund their online casino accounts or make other transactions.
Instadebit vs iDebit
You may be more familiar with iDebit as InstaDebit. iDebit is a payment solution product created by InstaDebit International Solutions Ltd.
They were originally known for their other Canadian payment option, InstaDebit.
The main difference between these two products is that with InstaDebit, users must have a registered account.
With iDebit, you can have a registered account or use their service as a guest.
Today, iDebit is growing in popularity as a payment method, particularly at online casinos.
How Does iDebit Work?
This is a fairly simple to use payment solution. Very simply, iDebit is used to make online payments. It instantly transfers money directly from your online banking account.
You don’t need a debit card or credit card, just your online bank account.
When using iDebit casinos, you’ll select to deposit money to your casino account or withdraw funds as normal.
You can then select to use this service as a registered user and login or use their service as a guest.
Below, you’ll find more detailed information on both of these options. In either instance, you then connect to your bank account by selecting it from a drop down menu of the banks iDebit supports.
They will show you a summary of your transaction and you can select to approve it.
Unlike with traditional bank transfers, iDebit will deposit and withdraw funds from your online casino account instantly.
Using this service also provides another layer of protection for your personal financial information.
The online casino will never see your personal data. This is another layer of fraud prevention that many users feel more secure using.
Countries that can use iDebit to fund a Casino account
This service is available for Canadian players only. To use iDebit casinos, you need to have an online banking account with one of their supported Canadian banks.
You also need to be 18 years old or older, which is why they may ask for your date of birth when you check out as a guest or register for an account.
Canadian Banks You Can Use With iDebit
- Bank of Montreal
- Canadian Imperial Bank of Commerce
- National Bank
- Royal Bank of Canada
- Simplii Financial (formerly PCF)
- TD Canada Trust
The Pros and Cons of Using iDebit Casinos
One of the best ways to decide if a payment method is the right one for you is to take a good look at the pros and cons.
Read on for a detailed breakdown of the reasons to use (or not use) this option for your online casino transactions.
The Advantages of Using iDebit For Casino Transactions
There is an added layer of security to your online transaction when using this payment option. Your bank account information is never shared with the casino.
You use iDebit to login to your online banking account, fund your casino account, and keep your data private.
You can use iDebit to transfer funds with any of their supported banks. One payment solution with multiple options.
You can also transfer funds from the casino to your iDebit account, if you have one.
You can instantly deposit funds into your online casino account. You can also instantly withdraw funds from your casino account into an iDebit account.
Transferring money through iDebit to your bank account will usually take up to three to five days.
You don’t need an account
There is no need to sign up for another online account in order to use this service and take advantage of its other benefits. You use this service as a guest.
Many similar payment options will only be good for bank transfers to deposit funds into your casino account.
There are many laws that make it difficult for companies to withdraw casino account transfers in this way, so most similar companies avoid this as an option.
However, with iDebit, you can withdraw your casino winnings.
The Disadvantages of Using iDebit For Casino Transactions
Only available for some players
There are a limited number of players who will benefit from this service. It’s a payment solution for Canadians using one of their supported banks.
Fewer iDebit casinos available
While this payment solution is growing, and there is a list of iDebit casinos you can choose from, not every casino has this as an option.
Most casinos won’t charge you a fee for your online transaction. However, there are small fees from the payment processors themselves.
There are more details on how exactly the fees work with this payment processor down below.
Do I Need to Register For an iDebit Account?
This is an easy payment solution whether you have previously registered for an account with iDebit or not.
All you need is to have an online banking account at one of the Canadian banks partnered with iDebit.
Then, you can select to either deposit or withdraw funds to your online casino account as a guest or as a registered account holder.
Below, you’ll find more detailed information on performing iDebit casino transactions as a guest or registered user, and a breakdown of the pros and cons to doing either.
Using iDebit for Casino Transactions without a Registered Account
You do not need to set up an iDebit account before choosing this payment option.
If you are on your favorite iDebit casinos website and looking for a way to deposit or withdraw funds from your casino account, and are considering iDebit as a payment method for the first time, you can click to choose this cashier option without registering for anything first.
After you select iDebit, you’ll be able to choose to either login to your account or use iDebit as a guest.
If you choose to use iDebit as a guest, you will see a drop down menu listing the Canadian banks iDebit is partnered with.
The iDebit website will not store your financial information for this transaction and you will have the additional encryption security benefits this payment solution offers.
After you select your bank from the drop down menu, you can login to your online banking account using your normal username and password for your online banking account.
You will then see the details of the transaction for funding your casino account. If you’re good to go, click on the “Approve” button. And you’re done!
A similar process is done for withdrawing your casino winnings using iDebit to transfer funds to your bank account.
The Pros and Cons Of Using iDebit As A Guest
Below, there is an outline of the fees associated with using iDebit.
You’ll want to look this over when considering whether to register for an iDebit account. While the fees are small, there still are fees.
If you have use of an account with this payment option, and can make use of keeping a balance in your account, there are ways to avoid some fees by keeping an iDebit balance instead of transferring to your bank account.
Without an iDebit account, you will always be transferring directly between your casino account and your bank, which will always charge a small fee for the transaction.
Another reason to consider signing up for an account instead of going through your transaction as a guest is that it can be slightly more convenient.
When you have a registered account, your banking information will already be in iDebit. This makes checkout a little smoother.
When you have an account, you will also be able to see your past transactions.
So, if you want to keep a record of your transactions using iDebit you can consult later for tracking your transactions. Registering for an account may be a good solution for you.
Still, even when using iDebit as a guest, you get the benefits of an added layer of encryption security for your payment information and you have instant bank transfers to deposit or withdraw money from your online casino account.
Using iDebit with a Registered Account
If you have an account with this payment solution and want to deposit or withdraw funds from your online casino account, simply select iDebit as your payment processor on the appropriate payment page on the casino website.
You’ll then see an iDebit page that says “Returning User” at the top. Enter your email address and password for your iDebit account.
Once you’re logged in, you can select your bank from the drop down menu. If you have already saved your banking account information then the payment will proceed from there.
If not, you’ll be prompted to enter your bank account information. Once you’ve logged in to your bank account, you will be given the opportunity to review your transaction information and click “Approve”.
Your transaction should happen instantly.
Are There Fees Associated With iDebit Casinos?
Yes, there are fees involved with specific transactions when using iDebit.
Typically, casinos themselves won’t charge you any fees for withdrawing or depositing funds from your online casino account, but your banking method might.
With iDebit, it is free to register an account. It is also free to make a payment with your iDebit balance.
So if you have money in your iDebit account and want to use that to deposit funds into your casino account, that would be free.
Note that with iDebit, they will use your balance first if you have one available, but only if the balance covers the full amount.
This means to use your iDebit balance, you’ll need to pay using an amount less than your current balance to pay this way.
To make a payment from your online banking account, there is a $1.50 CAD fee for each transaction. There is also a fee of $2.00 CAD to transfer funds from your iDebit balance to your bank account.
If you want to withdraw funds from your casino account directly to your iDebit balance that can be done for free.
If you want to withdraw your online casino winnings using iDebit to transfer them to your bank account, that will cost $2.00 CAD per transaction.
Is iDebit Safe, Secure?
The first thing to note when judging the security of iDebit is that the top banks in Canada have all deemed this service to be safe for them to do business with. That’s always a good sign.
With iDebit, most of your financial information remains between you and your bank. It’s never shared with the business you’re doing the transaction with.
This provides an extra level of safety and security and is one of the main reasons people choose this method for online transactions.
iDebit uses 128-bit encryption technology, which is the standard you want to see for protecting financial data.
They also have users perform a few risk assessment questions to ensure the identity of their users so your information stays secure.
One of the things you should look for before performing transactions with any service is their customer support.
iDebit has phone support, email support, and a live chat service on their website, in case you have any questions about your payments or want more information on security measures they’re taking to prevent fraud and keep your data safe.
Conclusion – iDebit Casinos
There are many great advantages to using iDebit. While this payment method isn’t available for everyone, the people who choose iDebit casinos can take advantage of this payment solution and enjoy the added security and convenience it offers.
As an instant, online banking transfer option, this is a solid choice for many players when online gambling for real money.
We hope you found this guide useful, and please play responsibly.
About the Author
Dave is a gambling enthusiast who boasts of two decades of experience. His writings not only unravel the intricacies of online casino games but also explore the psychology behind betting. Dave's commitment to responsible gambling shines through, making every wager a mindful choice for players seeking a thrilling yet balanced gaming experience.