INSTADEBIT is a payment service available to Canadian players and accepted in over 100 online casinos. Players can transfer funds directly from their bank accounts without sharing their information with the casino. Scroll through the list of all INSTADEBIT casinos and learn all about this payment method.
INSTADEBIT Overview
Contrary to common belief, INSTADEBIT is not an e-wallet, and you cannot deposit funds into your INSTADEBIT account from your bank account.
INSTADEBIT allows you to deposit funds to participating merchants directly from your bank account without leaving your bank details directly at the site. It is a payment method that focuses on providing users with a low-cost and fast startup payment solution.
You can register your account and have it up and running within just a few minutes. You don't even have to verify your bank information until you make a withdrawal. Because it is widely used by Canadians, INSTADEBIT is listed at a large number of online casinos in Canada.
How to Deposit with INSTADEBIT at Online Casinos
Before you start playing at online casinos, you need to set up your INSTADEBIT account. Provide your name, date of birth, address, and email address to get started. There is less administration with INSTADEBIT than with e-wallets as it relies purely on bank accounts for funding.
You'll also need to provide your bank information, five digits of your bank transit number, three digits of the financial institution number, account number and 4 digits of your SIN. INSTADEBIT never asks for your entire SIN number.
The payment service provider meets the information security criteria required by the American Institute of CPA's Service Organization Control, keeping your data safe. After you create an account, the company will deposit no more than $2.00 in the upcoming five days to verify your account.
Now that you know how to set up INSTADEBIT, follow the instructions below to deposit at your favourite desktop and mobile casinos:
- Scroll through our list of INSTADEBIT online casinos.
- Register and head over to the casino's Cashier to select INSTADEBIT.
- Enter your desired amount and complete the transaction.
The funds should be available in your account within a matter of seconds. Some online casinos that accept INSTADEBIT also offer special deposit match bonuses for players who use this payment option.
How to Withdraw Funds with INSTADEBIT
Withdrawing money from an online casino to INSTADEBIT happens almost instantly in the majority of online gambling sites.
However, each casino may have different processing and withdrawal times for individual payment options, which is why you should read our casino reviews for the casinos you want to join. For example, some new INSTADEBIT casinos may take longer, while the others are faster compared to established operators, as they have fewer players.
Regardless of processing times, INSTADEBIT withdrawals go something like this:
- Go to the Cashier and enter the money you wish to withdraw.
- The casino will process your request and release the funds.
- The funds are in your INSTADEBIT account and ready for withdrawal to your bank.
Withdrawing from INSTADEBIT to a bank is where you have to wait a while until the funds become available. It could take between one and five days until the money clears your bank. There is a fee of $2.00 for each withdrawal to your bank account.
Important note: Remember that INSTADEBIT is not an e-wallet, and you can't hold the money there indefinitely.
Disadvantages of INSTADEBIT When Using it at Online Casinos
Although INSTADEBIT is one of the better deposit methods for Canadians, it's not ideal. Deposits are fast enough, allowing you to quickly transfer money to a casino and enjoy your favourite casino games.
Withdrawals from a casino to INSTADEBIT are smooth, but you may have to wait up to five days before the money is transferred to your account.
Another potential disadvantage is that you can only add one bank account to your INSTADEBIT wallet, so you can't split payments into multiple accounts.
Should You Use INSTADEBIT at Online Casinos?
Players who have the option to use INSTADEBIT at casinos should definitely consider doing so. Opening an account is simple, and the fees you pay for withdrawals aren't concerning. However, you should remember that INSTADEBIT isn't an e-wallet. It adds an extra level of security as you transfer money online and it's quick for deposits and withdrawals, but you can't hold the money in your account indefinitely.
With over 100 operators, it's hard to select the best INSTADEBIT casinos, but we suggest you check out CasinoRank, read our written review and see Player rating before you decide on a spot.
A decent number of new online casinos list INSTADEBIT, and we add them regularly, so keep your eyes peeled for the new operators.
