A relatively new payment solution for Canadians, iDebit, allows you to send and receive funds through online banking. When you use iDebit to make deposits at online casinos, it takes the money from your bank account and transfers it instantly to your online casino account. iDebit is very similar to using an eWallet but the one major difference is that new industry regulations stipulate that funds may not remain in your iDebit account for more than 28 consecutive days. Canadians will love the low fees.
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You don’t need to open an iDebit account to use their convenient services, but you can keep on top of your transactions a lot better and make online casino withdrawals using iDebit if you do. To use iDebit, Canadians must be at least 18 years old and have a bank account that supports online banking. You need to provide your name, email address, address of residence, postal code, birth date, and your social insurance number’s final four digits to open a free iDebit account. You are then asked for your banking information, including the account type, transit number, institution number, and account number.
All communications are encrypted for your protection, so the information you provide is strictly confidential. Once your account is set up, you can use iDebit to make deposits and withdrawals using your PC or mobile device.
Since iDebit facilitates payments directly from a bank account, Canadians don’t need to fund their iDebit accounts before making deposits at online casinos. When you choose this method to make an instant deposit at an online casino, iDebit takes the funds out of your chosen bank account and instantly funnels them to your online casino account. Keep in mind that all transfers from your bank to a merchant entail a modest $1.50 processing fee. You aren’t charged anything if you use your existing iDebit balance to make a deposit.
Using iDebit to withdraw from an online casino merely requires you to provide your email address and password before entering the amount you would like withdrawn from your betting account. Once you confirm the withdrawal, your funds should be available to your iDebit account in 2-5 days. Remember, the funds in the iDebit account cannot remain there for more than 28 days, so you need to either spend that money at another iDebit-friendly merchant or deposit it into your bank. All transfers to your bank from iDebit incur a $2 processing fee. The money should arrive at your bank in 2-5 days.
The iDebit website features a comprehensive FAQ section that answers questions about several topics ranging from the basics of account management to deposits and withdrawals. You can contact the customer care team 24/7 by email, telephone or use the live chat support option.
All of your iDebit transactions are completed in a highly secure banking environment that uses the latest 128-bit encryption technology. Your banking information is never stored or made known to merchants, and every single transaction is monitored. Any personal data stored on iDebit’s servers is protected using biometric scanners and security guards who work around the clock. In other words, iDebit affords users the highest levels of protection and security.