InstaDebit Ontario Quick Guide and Review
Today’s newest iGamers have a lot of questions. One of the most prominent revolves around – what else? – money. What’s the best way to get funds in and out of an online gambling account? If the domain name didn’t give it away, we generally prefer eCheck deposits. But they’re not always available and may not be the best option for everyone.
It’s possible that InstaDebit could be the right answer for you – or maybe not. It all depends on your expectations and needs. We all want the same things, really.
We’re looking for peace of mind, knowing that our sensitive personal and financial information will be safe and secure. Speed is a priority as well. Instant deposits mean we can start betting right away. Withdrawals are rarely instant, but the quicker the better! Accessibility, cost efficiency, ease of use, the list goes on.
There are a lot of payment methods available these days that promise to deliver all this and more. Few of them live up to all of the desirable traits we demand. In the following text, we’re going to put InstaDebit payments under the microscope. You can decide for yourself whether it’s the right payment solution for you.
Are there any InstaDebit Casinos in Ontario?
Yes! In fact, the majority of iGO-licensed casinos, sportsbooks and poker rooms accept InstaDebit payments. As long-time iGamers ourselves, we recommended the following InstaDebit casino websites.
- All Slots Casino
- Gaming Club Casino
- Lucky Nugget Casino
- Jackpot City ON
- River Belle Casino
- Royal Vegas ON
- Ruby Fortune
- Spin Casino
What is InstaDebit : Facts & Features
InstaDebit was established in Toronto, Ontario in March 2003. For years, the payment processing solution was exclusive to Canada. More recently, expansions have seen InstaDebit access spread to 32 countries worldwide. Unlike most of its competitors, InstaDebit actually specializes in the fast-paced facilitation of online gambling payments.
How does InstaDebit work?
InstaDebit is a direct banking payment method. Deposits come straight from your bank, similar to traditional bank transfers. The primary difference is that InstaDebit payments are facilitated by a third party. That extra link in the chain provides an added layer of protection, making it far more secure than standard online banking.
How is InstaDebit so secure?
Instead of exposing all of your banking details to every online casino, sportsbook, poker room, or any other commercial website you do business with, you can simply share those details one time, with one service – InstaDebit. The payment provider uses the highest data encryption methodologies to keep that information secure, so you never have to worry about your bank credentials being compromised.
That’s great for deposits, but what about InstaDebit withdrawals?
As an iGaming industry leader, InstaDebit knows that Canadian banks have a tendency to reject incoming bank transfers from known gambling websites. To resolve this issue, the company integrates an eWallet service for InstaDebit withdrawal requests. Casino cashouts are sent to your InstaDebit wallet, where they can then be transferred to any bank account in Canada.
Are InstaDebit and iDebit the same thing?
No. This is a long-standing misconception derived largely from the two having a similar business platform, combined with ill-informed users who simply assumed iDebit was short for InstaDebit. It’s not. They are both Canadian-based, third-party facilitators of bank-based payments, but they are not one and the same.
How InstaDebit Casino Payments Work
With InstaDebit, online bettors can make payments directly from their Canadian bank account. There’s no need to share personal or financial info with the gambling website. Bank details stay securely between the bank and user, without divulging any sensitive info to the merchant site.
Although you will need to register an InstaDebit account, the process is quick and painless. There’s no need to deposit funds into your InstaDebit account or wallet to use the service. InstaDebit’s secure network utilizes IdentifyTM protocol to verify your identity and bank account details. Once verified, all you need to make a deposit is to log into InstaDebit and confirm the payment details.
Okay, what is this gonna cost me?
About $2 per transfer, in or out. That’s not a bad price considering the peace of mind you get in today’s market. Let’s take a look at the fee breakdown, and what services will or won’t cost you anything.
| Description | Fee |
| Open an account | Free |
| Link a bank account | Free |
| Send money, bank to merchant | $1.95 |
| Send money, InstaDebit to merchat | Free |
| Receive money via InstaDebit | Free |
| Transfer money, InstaDebit to bank | $2.00 |
| Currency conversion (e.g. USD to CAD) | TBD* |
How to Set Up an InstaDebit Account
There are two quick ways to set up a new InstaDebit account. One option is to visit the InstaDebit website and pre-register. Alternatively, you can sign up through the online casino you want to deposit at by choosing InstaDebit as your preferred payment option. We’ll walk you briefly through each of these methods.
Opening an Account through InstaDebit
- From the InstaDebit website, choose Log In / Sign Up from the top menu.
- Scroll down below the Login box to where it says, “Don’t have an account?“, and press Sign Up.
- Fill in the required information fields. Input your First and Last Name, choose and confirm a Password, and enter your Postal Code. Checkmark the Captcha box (completing the image-matching task if required), then press Next.
- On this next page, more information is required. Provide your full Street Address, the Last Four Digits of your SIN, and Date of Birth. Enter these then press Next again.
- In this last step, you’ll need to verify your banking details. In order to move money in and out of your bank account, InstaDebit will need the Branch Number, Institution Number, and your Bank Account Number. See the image below for help finding these digits on a paper cheque. Enter the info and press Add Account.
- The next page welcomes you to InstaDebit and informs you of the bank account verification process (see Step 7). You’ll also receive an email with a verification link. Open it and press the verification link to confirm your email address.
- InstaDebit will deposit a minuscule amount (a few cents) into your bank account. It takes 1-3 business days to appear. Once it arrives, log into your InstaDebit account and enter your received amount. This will verify your bank account, granting access to InstaDebit deposits and withdrawals.
Important: You do not have to wait for bank account verification to make an InstaDebit deposit. You will be granted a small transaction limit to get you started. Once your bank account is verified, your transaction limits will increase significantly.
How to Open an InstaDebit Account via Online Casinos
- Log in to the online gaming account.
- Navigate to the Banking section and select Deposit.
- Choose an amount to deposit and select InstaDebit as your method of payment.
- When redirected to the InstaDebit login page, scroll down below the Login box to where it says, “Don’t have an account?”, and press Sign Up.
- Follow Steps 3-7 in the above section, ‘Opening an Account through InstaDebit‘.
Making a Deposit with InstaDebit
Once you have an InstaDebit account, deposits are super convenient and always instant. All you need is your login info to confirm the payment. You won’t need to provide any extra details to the online gambling website.
Follow these basic steps to deposit with InstaDebit.
- From the online casino’s Banking page, choose to make a Deposit.
- Enter the Amount you wish to transfer.
- Select InstaDebit as your method of payment. You will be redirected to the InstaDebit login page.
- Log in, review the payment details, and if all looks right, press the button to Confirm the deposit.
- InstaDebit will immediately set the transfer in motion, sending the cash from your bank to the betting site (assuming the necessary funds are available in your account). Although bank transfers generally take a few days to arrive, you’ll have access to that money instantly in your gaming account. The casino knows the funds are coming, so they have no reason to make you wait.
InstaDebit Withdrawals
Your InstaDebit account acts as a digital wallet for processing online casino cashouts. When you request a withdrawal to InstaDebit, the funds do not go straight back to the bank from which your deposits come. Instead, they are sent to your InstaDebit wallet. From there, you can use them to make additional purchases and deposits or send them on to your bank.
Transferring money from InstaDebit to your bank isn’t instant. It takes 1-3 business days for that cash to reflect in your bank account. Also note that you can only cashout with InstaDebit if you’ve successfully deposited with it at least once, thus verifying the account.
How to Initiate an InstaDebit Withdrawal
- From the online casino’s Banking page, choose to make a Withdrawal.
- Enter the Amount you wish to cash out.
- Select InstaDebit as your method of payment.
That’s all it takes. Once the casino approves the payout, the funds should appear in your InstaDebit wallet within a few moments.
