Although specifically aimed at Canadian players, this inter-bank payment provider has become renowned throughout the world. Interac was launched in 1984 thanks to the concerted efforts of the Canadian Imperial Bank of Commerce, Desjardins, the Royal Bank of Canada and Toronto Dominion Bank. These five founder members have since been joined by some 80 financial organisations and institutions. Interac basically allows for the secure transfer of funds between your bank and third party enterprises such as casino sites. Its ease of use and mobile friendliness means the service is very popular among gamblers.
How to Use Interac
If you’d like to use the Interac service to make a deposit, navigate to the payment section of your preferred online casino. Presuming you’ve already got an account, it’s merely case of selecting it as a payment option. You should then be directed to your bank account for verification purposes. Some operators also allow you to withdraw funds using Interac. Once again, select the service as a withdrawal method and your money should be in your bank account within a few working days.
Advantages of Interac
- Safe and Secure
- Easy to Use
- Mobile-Friendly
- Fast Deposits
- Small Fees
Disadvantages of Interac
- Fees Apply (although small)
- Withdrawals Tend to Be Slower than Deposits
- Only Available in Canada