Because of conservative banking policies, finding Canadian banks that support online gambling payments can be challenging. To help you avoid failed payments and lengthy delays, our experts have tested a selection of banks by making multiple casino deposits and withdrawals. In this article, you can find our list of top online banks that accept gambling, the best Canadian bank-friendly casinos, and more.
Best Canadian Online Casinos Accepting Bank Transfers
Reasons to Choose Canadian Bank Transfers for Online Gambling
In Canada, bank transfers are made through networks like Interac, which give you a fast, secure, and easy way to make payments directly to and from your bank account. Some of the key benefits of transfers for casino payments include:
- Widespread Adoption – Online transfers are widely available at Canadian real money casinos, making them a convenient option for both deposits and withdrawals.
- Security – It’s a highly secure payment method backed by the latest encryption technology. Transactions made on this network are monitored by a dedicated security team to prevent fraud.
- Lack of Fees – You will not be charged a fee from your bank for making a casino deposit or withdrawal, letting you keep 100% of your winnings.
Our Top Canadian Online Casinos
After days of research, evaluation, and comparison, our experts have decided on their list of the top 5 Canadian bank casinos. Each of the options listed below comes highly recommended by our team and offers a variety of desirable features.
JackpotCity Casino
Jackpot City is offering every new player a generous welcome package worth up to $1,600 in bonus funds. The package is split into four matched deposit bonuses worth up to $400 each, giving your bankroll a healthy boost when starting out. There are a variety of payment methods to choose from, including Interac, with deposits available from as little as $10. You’re free to play any of the site’s 1,200+ gaming options from anywhere thanks to Jackpot City’s dedicated mobile app.
| Pros | Cons |
| Minimum deposit bonus for $1 | High wagering requirements of 200x |
| Rewarding VIP program | |
| Fast payout online casino |
Grizzly’s Quest Casino
While testing Grizzly’s Quest, one of the aspects we loved was the accessible payment limits. Deposits start from as little as $5, making it a great option for beginners who want to experiment with real money gaming. When you join, you can claim the site’s 100% first deposit bonus worth up to $2,000 by making an Interac deposit. We also liked the site’s dedicated loyalty program, which rewards you for playing any of the site’s 2,000+ real money casino games.
| Pros | Cons |
| Free spin bonuses for low deposits | A bit outdated website and player account |
| Canadian gambling licence | |
| Many payment options |
RoyalVegas Casino
Licensed and regulated by the Kahnawake Gaming Commission with certifications from eCOGRA, RoyalVegas offers a safe, fair, and trustworthy place to enjoy your favourite casino games. There are more than 400 slots, table games, and live casino games to enjoy, as well as a generous 4-part welcome package available to each new player. You can choose from a variety of payment methods, including Interac, and deposits start from just $10.
| Pros | Cons |
| Weekly promotions for loyal players | $50 minimum for withdrawals |
| Great selection of live dealer games | |
| Large library of games 5,000+ |
Wonaco Casino
By far the best aspect of Wonaco is its game selection. There are more than 8,500 games from over 60 big-name game providers, providing you with a diverse selection of high-quality real money games. As a new player, you can claim the site’s $3,750 welcome package along with 200 FS when you deposit $10 or more with payment methods such as Interac. Support is available 24/7, and Wonaco’s dedicated mobile site lets you play your favourite games from anywhere.
| Pros | Cons |
| Bonus crab and bonus shop activities | No mobile application |
| Spots betting available | |
| Crypto bonuses and rewards |
Dragon Slots
While creating our list of the top 5 Canadian bank casinos, we had to feature Dragon Slots based on its welcome bonus alone. The welcome package offers up to $4,500 in bonus funds as well as 200 free spins, giving you a fantastic start to your real money gaming experience. You can fund your account from as little as $2 via Interac, although you’ll need to deposit at least $10 to claim the welcome bonus. There’s a dedicated VIP club available for all existing players, as well as a helpful customer service team available 24/7.
| Pros | Cons |
| Top games from 50+ providers | No phone support |
| Spots betting available | |
| Crypto bonuses and rewards |
The Big Five – Canadian Casino-Friendly Banks
Most of you reading this will have accounts with at least one of the “Big 5” Canadian banks, but do you know how casino-friendly they are? To shed some light on this issue, our team of experts have tested each of these banks at multiple local and offshore casinos; here’s what they found
Toronto-Dominion Bank (TD Bank)
The results of our tests with TD Bank were mixed; some casinos allowed us to deposit and withdraw without issue, while we were blocked from even depositing at some sites. We’ve found that local casinos have the best chance of success, while offshore casinos are more likely to be rejected. The reputation of the casino also plays a big role – the better-known it is, the more likely it is for your payment to be accepted.
Canadian Imperial Bank of Commerce (CIBC)
The CIBC was one of the best Canadian banks for online casino payments. Deposits were accepted at the majority of casinos, making it a great option for real money players. However, we did occasionally experience issues with withdrawals, so bear this in mind before making your deposit. We recommend having an alternative payment method on hand to cash out your winnings.
Bank of Nova Scotia (Scotiabank)
In our experience, the Bank of Nova Scotia is one of the strictest Canadian banks for online casino payments. All payments to offshore casinos were blocked, but we found that payments to local casinos were generally accepted. If you want to play at real money casinos located outside of Canada, we recommend choosing a different bank account.
Bank of Montreal (BMO)
During testing, the Bank of Montreal was one of the most compatible banking options for online casino payments. We generally had no issues when depositing or withdrawing from local or offshore casinos, making it a great option for Canadians who like to play at multiple casinos. The only problems came when testing less-reputable gambling sites, as BMO would often block payments to these casinos.
Royal Bank of Canada (RBC)
As the biggest and most trusted bank in Canada, the RBC has strict policies for offshore casino payments. During our research, payments made to offshore sites were largely blocked, preventing us from even making a deposit. That being said, payments to and from local casinos were
How to Deposit Using Canadian Bank Transfers for Online Gambling
Making an online casino deposit via a bank transfer is easy, even if you’re a beginner. To make sure your experience is as hassle-free as possible, we’ve created a walkthrough that you can follow along with at home:
- Log in to your online casino account and go to the Cashier section.
- Choose Interac from the list of payment methods.
- Input your deposit amount.
- Click “Deposit” to be redirected to the Interac page.
- Select your bank from the list of available options.
- Log in to your account and approve the transaction.
How to Request an Interac Withdrawal at Canadian Online Casinos
Making an Interac withdrawal is just as simple as funding your account. To make your first casino payout, check out our step-by-step guide below:
- Log in to your Interac casino account.
- Go to the Cashier page and select “Withdrawal.”
- Select Interac from the list of available options.
- Input your withdrawal amount, making sure that it’s within the approved payment limits.
- Confirm that your payment details are correct and approve the withdrawal.
Many of the best casinos that accept Canadian banks will approve your transaction within 24 hours, but it can take up to 72 hours for your payment to go through.
Anti-money laundering regulations require casinos to use a “closed loop” payment policy. This means that you can only withdraw via Interac if you used Interac to fund your account.
Possible Transaction Issues via Bank and How to Solve
While using Canadian financial institutions that allow online gambling transactions to make your online casino payments is easy, it’s possible for issues to occur. So, to help you avoid these potential problems, our experts have highlighted the most common issues along with their solutions:
- Insufficient Funds. An online casino bank transfer will fail if you do not have enough money in your account. We recommend checking your bank balance to make sure that it can support your deposit before making your payment.
- Incorrect Details. If you do not enter the correct payment details when depositing or withdrawing, your payment will not go through. It’s important to check these details carefully before confirming your transaction.
- Fraud Prevention. Some Canadian banks will flag online casino transactions as fraud, potentially freezing your account. You’ll typically receive a text message notifying you that this action has been taken. To make your payment, you will need to contact your bank to manually approve the transaction.
- Bank Restrictions. In our experience, not all Canadian banks allow payments to or from offshore casinos. The best way to make sure your payment goes through is by picking a casino-friendly bank. You can find a breakdown of the best Canadian banks that allow online gambling with offshore operators in the section above.
Fees and Limits of Canadian Banks That Allow Online Gambling
One of the reasons why online bank transfers are a popular choice among casino players is the lack of payment fees. Canadian banks that support online gambling transactions do not charge you for making casino transactions, and, in our experience, it’s rare for casinos to place a surcharge on bank transfers. This means you get to play with 100% of your deposit and keep all of your winnings.
Another benefit of this payment method is its accessible transaction limits. Most casinos allow you to deposit from as little as $10, and offer maximum transactions of up to $10,000, making it an ideal option for both beginners and high rollers. However, some casinos will have larger minimum withdrawal requirements, so always check the limits before making a deposit.
Pros and Cons of Canadian Bank Payments at Canadian Online Casinos
While there are multiple benefits that come with using bank transfers for online casino payments, there are some downsides to consider. That’s why we’ve highlighted the key pros and cons of casino payments in the table below:
Making deposits and withdrawals via bank transfers is easy, even for beginners.
There are no fees for deposits or withdrawals when using Canadian banks for online casino deposits.
All payments are sent on an encrypted network, making them highly secure.
Deposits are processed instantly.
Some Canadian banks do not allow payments to offshore casinos.
Withdrawals to certain banks can be slower than other payment methods.
Tips for Safe Online Casino Banking
To help make your casino experience a positive one, our experts have provided some helpful tips to keep you safe when you play:
- Check the Licensing Status. We recommend that you only play at online casinos that are licensed by a known gambling authority. This is because regulated casinos are required to meet certain security and player safety standards, such as the latest firewalls, encryption technology, and responsible gambling tools.
- Read Reviews. One of the best ways to make sure that you’re playing in a safe and secure environment is by reading casino reviews, like the ones created by our team of experts. These reviews give you a first-hand look at what it’s like to play on a site and what safety features it offers, helping you to decide where to play. Reviews from long-time players are also a helpful resource, as they can highlight issues that aren’t readily apparent during an initial review.
- Make a Dedicated Budget. The best way to play responsibly is to create a dedicated gambling budget with money that you can afford to lose and stick to it. Doing this lets you focus on enjoying the gameplay without worrying about the financial impact of winning or losing. Use safer gambling tools such as deposit limits and loss limits to help you stick to your budget.
Alternative Payment Methods When a Bank Declines
All of the top casinos that accept Canadian banks also offer a selection of alternative payment options, giving you the flexibility to choose your preferred method. Some of the most popular payment methods offered by these casinos include:
Interac Online and e-Transfer
Online e-wallets such as PayPal, Skrill, and Neteller are a popular choice for online casino transactions because of their fast withdrawal speeds. Most casino payouts take less than 24 hours, in most cases giving you same-day access to your winnings. These payment methods also offer security features such as SSL encryption, fraud prevention teams, and 2FA, keeping you secure while you play.
Visa and Mastercard
Two of the biggest debit and credit card providers, Visa and Mastercard, are accepted at the majority of Canadian casino sites. This widespread availability makes them a convenient option for players who like to play at multiple casinos. Deposits are processed instantly, and transactions made over these networks are kept secure by the latest encryption technology.
iDebit and Instadebit
Banking options such as iDebit and Instadebit act as intermediaries between your bank and the casino, making it easier for you to make deposits to offshore casinos. Both options offer MFA, adding an extra layer of security when making your online casino deposits.
Crypto
Payments via cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin are sent over a peer-to-peer network called a “blockchain.” These blockchains are not controlled by a central authority, which means that your crypto casino payment cannot be blocked.
Responsible Gambling
At RealGambling, we always encourage our readers to gamble responsibly. Playing responsibly keeps real money gaming fun and lets you maximise your enjoyment. We recommend setting a dedicated gambling budget to make sure that you can focus on enjoying the games you play rather than worrying about the cost of winning or losing.
We also recommend that you regularly monitor your emotional state as you play. If you become angry or emotional, the best thing to do is stop playing. Playing while emotional can lead to reckless behaviours, which can cause you to gamble beyond your means.
Our Verdict on Canadian Bank Casinos
We believe that online bank payments are a solid option for Canadian casino players. These payment methods offer a safe, secure, and convenient way to find your account and cash out your winnings with zero fees. However, some Canadian banks don’t allow transactions to offshore casinos, so it’s important that you choose a casino-friendly option, such as BMO or CIBC. Make sure you check out our expert reviews to find your ideal bank-friendly gambling site.
FAQ
- Q. Which banks allow gambling-related transactions?
- A. Based on our findings, the “Big 5” Canadian banks that accept online casino payments are BMO and CIBC. These banks were the most likely to approve payments to and from offshore gambling sites, making them the best option for Canadian casino players.
- Q. Can banks block or decline gambling transactions?
- A. Yes, banks can block gambling transactions. It will typically block a transaction if it has reason to believe that the payment is fraudulent or is likely to result in a chargeback. Some banks will flag offshore casino payments for this reason and will block the payment.
- Q. Which banks allow online gambling deposits using a debit card?
- A. In our experience, all Canadian banks allow an online casino deposit with bank account via a debit card when playing at local casinos. These sites operate within Canada and are licensed by Canadian regulators. However, most of the “Big 5” are less likely to approve payments to offshore casinos.
- Q. Can a bank freeze an account due to online gambling deposits or winnings?
- A. Yes, banks can freeze your account for making online gambling transactions to offshore casinos. These payments are often flagged as suspicious by the fraud monitoring team, as they’re being sent out of the country. To help protect you, banks will often freeze your account to prevent additional payments until you confirm that it was you who approved the transaction.
- Q. Do I need to disclose gambling activity when opening a bank account?
- A. You do not need to give a reason to a bank when opening an account. However, if you are worried that the bank will not allow payments to online casinos, we recommend asking if your account will support these payments. By finding out this information early on, you can prevent issues from occurring down the line.
- Q. Which current bank accounts allow gambling transactions from the start?
- A. Out of the “Big 5,” the Bank of Montreal and Canadian Imperial Bank of Commerce are the top Canadian banks for online gambling at offshore casinos. However, all gambling friendly banks should allow you to make deposits and withdrawals to locally-run casinos that are regulated within Canada.
- Q. Does TD Bank allow online gambling transactions in Canada?
- A. The Toronto-Dominion Bank is best-suited for online casino transactions at local gambling sites. During testing, payments to and from these sites were made without issue. However, payments to offshore casinos were regularly blocked, so we’d recommend using an alternative banking method for these sites.
- Q. Does Scotiabank support online gambling deposits and withdrawals?
- A. Scotiabank is a solid option for Canadian players who want to play at locally run casinos. Both deposits and withdrawals made to/from these sites were made quickly and securely, but we found that it would not support deposits to offshore casinos.
- Q. Does BMO block gambling-related transactions?
- A. The Bank of Montreal is one of the best options for Canadians who want to play at offshore casinos. During testing, our payments were regularly approved, making it easy for us to fund our accounts and cash out our winnings.
- Q. Does RBC allow online gambling transactions?
- A. In our experience, the Royal Bank of Canada is one of the strictest institutions when it comes to online gambling payments. It would not allow deposits to offshore casinos, but it would allow us to make deposits and withdrawals at local casino sites.
