Interac e-Transfer Betting Sites in Canada

If you’re looking to bet on sports in Canada, chances are that you’re looking for a sports betting website that offers Interac e-Transfer. Interac is one of the most convenient payment options for Canadians – and it’s offered by just about every major Canadian bank.

interac iconWant to learn more about the best Interac e-Transfer betting sites in Canada, and how Interac e-Transfer works when you’re making deposits, placing bets, and withdrawing your winnings?

In this guide, we’ll take you through an overview of the basics, and explain everything that you should know about using Interac e-Transfer on top gambling sites in Canada. Let’s get started now.


Best Interac e-Transfer Betting Sites in Canada 2022

Expert Rating
Highlights
 
Welcome Offer
98/100 Read Review
C$ 150
On first deposit
Visit Betonic T&C Apply 18
  • Large range of betting options
  • Casino games and Live Casino
  • free deposits and withdrawals
94 Payout Ratio
C$ 150 On first deposit
Visit Betonic T&C Apply 18
  • Large range of betting options
  • Casino games and Live Casino
  • free deposits and withdrawals
Betonic Review
T&C Apply 18: General Betonic Terms and Conditions apply unless otherwise stated.
97/100 Read Review
C$ 200
Welcome Package
Visit Neo.bet T&C Apply 18
  • Innovatives Design
  • Very good App for iOS and Android
  • Nice Welcome Offer
94 Payout Ratio
C$ 200 Welcome Package
Visit Neo.bet T&C Apply 18
  • Innovatives Design
  • Very good App for iOS and Android
  • Nice Welcome Offer
Neo.bet Review
T&C Apply 18: Only for New Customers. The bonus offer is available in the following countries: Canada; General Net.bet Terms and Conditions apply unless otherwise stated.
95/100 Read Review
C$ 150
On first deposit
Visit Selectbet T&C Apply 18
  • Wide range of betting options with good odds
  • Live center with individual design options, like Multi-View
  • No App for download but strong mobile Version
94 Payout Ratio
C$ 150 On first deposit
Visit Selectbet T&C Apply 18
  • Wide range of betting options with good odds
  • Live center with individual design options, like Multi-View
  • No App for download but strong mobile Version
Selectbet Review
T&C Apply 18: General Selectbet Terms and Conditions apply unless otherwise stated.
94/100 Read Review
$100
On first deposit
Visit Sports Interaction
  • Offers a wide range of markets
  • Friendly, accessible customer service
  • Complies with robust security
93 Payout Ratio
$100 On first deposit
Visit Sports Interaction
  • Offers a wide range of markets
  • Friendly, accessible customer service
  • Complies with robust security
Sports Interaction Review
92/100 Read Review
$200
On first deposit
Visit Spin Sports T&C Apply 18
  • Streamlined and simple user interface
  • Excellent new user bonuses & daily bonuses
  • Huge variety of sports & betting markets
93 Payout Ratio
$200 On first deposit
Visit Spin Sports T&C Apply 18
  • Streamlined and simple user interface
  • Excellent new user bonuses & daily bonuses
  • Huge variety of sports & betting markets
Spin Sports Review
T&C Apply 18: 1st Deposit - Free Bet up to C$ 200 • New customers only • Min deposit C$ 10 • Wagering at odds of 1.3+ to unlock free bet • Opt-in required • Terms apply
90/100 Read Review
$300
On first deposit
Visit 22bet
  • Enormous number of betting markets
  • Live & in-play betting with early cashouts
  • “One-click bet” system for fast, easy betting
93 Payout Ratio
$300 On first deposit
Visit 22bet
  • Enormous number of betting markets
  • Live & in-play betting with early cashouts
  • “One-click bet” system for fast, easy betting
22bet Review
90/100 Read Review
C$ 150
Welcome Bonus
Visit 20bet T&C Apply 18
  • Receive a 100% Bonus after your qualifying bets with a total stake of five times your initial qualifying deposit
  • odds of at least 1.5 on single bets or multi bets with cumulative odds of 1.7
94 Payout Ratio
C$ 150 Welcome Bonus
Visit 20bet T&C Apply 18
  • Receive a 100% Bonus after your qualifying bets with a total stake of five times your initial qualifying deposit
  • odds of at least 1.5 on single bets or multi bets with cumulative odds of 1.7
20bet Review
T&C Apply 18: This offer is only available to new players who made their first deposit and selected this offer as a welcome bonus. All players must be 18+ years old and of legal age to gamble. General 20bet Terms and Conditions apply unless otherwise stated.
86/100 Read Review
$200
On first deposit
Visit 888sport T&C Apply 18
  • One of the best platforms for mobile betting
  • Unique promotions for new gamblers
  • Diverse markets with lots of special bets
93 Payout Ratio
$200 On first deposit
Visit 888sport T&C Apply 18
  • One of the best platforms for mobile betting
  • Unique promotions for new gamblers
  • Diverse markets with lots of special bets
888sport Review
T&C Apply 18: New Customers only • $10 min deposit • The bonus will be applied once the full deposit amount has been wagered at least once with cumulative odds of 1.5 or greater • Wagering must be cleared within 60 days • This offer may not be combined with any other offer • Casino Bonus valid for selected games only • Bonus wins capped at $500, exc. JP wins • To withdraw bonus & related wins, wager 30 x (bonus amount) • Wagering requirements vary by game
85/100 Read Review
$300
On first deposit
Visit LeoVegas
  • Great promotions & bonuses
  • Has won 15 more industry awards in the past decade
  • Simple, streamlined online & mobile interface
93 Payout Ratio
$300 On first deposit
Visit LeoVegas
  • Great promotions & bonuses
  • Has won 15 more industry awards in the past decade
  • Simple, streamlined online & mobile interface
LeoVegas Review
85/100 Read Review
C$200
On first deposit
Visit Mr. Play T&C Apply 18
  • Easy website navigation
  • Comprehensive list of deposit methods
  • Exciting live betting features
93 Payout Ratio
C$200 On first deposit
Visit Mr. Play T&C Apply 18
  • Easy website navigation
  • Comprehensive list of deposit methods
  • Exciting live betting features
Mr. Play Review
T&C Apply 18: Applies only to new depositing players. Min deposit C$10. Max. Bonus $200. Offer is valid for 1st deposit only. The Welcome Bonus must be used with 14 days or it expires. Bonus subject to 9x wagering with min. odds of 2.0 per single bet or 1.40 per combo bet selection.

 

Sports Interaction is the best gambling site with Interac e-Transfer

If you’re interested in using Interac e-Transfer when gambling in Canada, Sports Interaction is the best sportsbook to choose. This sportsbook is one of the oldest in Canada, and was established in 1997. It’s fully licensed and registered with the Kahnawake Gaming Commission for operations in Canada.

It offers a tremendous variety of sports leagues and betting markets for the NHL, MLB, MLS, English Premier League, eSports, and even lesser-watched sports like lacrosse, so you’ll have plenty of options when it comes to placing your bets. You can even qualify for deposit matching of up to 110% if you’re a new user.

Sports Interaction fully supports deposits and withdrawals using Interac e-Transfer. You can quickly and easily deposit funds when you place bets, and withdraw your winnings quickly and without high fees, making it a great choice if you prefer to use gambling websites that support Interac e-Transfer. It also has 24/7 customer service and support – so if you ever run into a problem while managing your funds with Interac e-Transfer, you can get the help you need right away.

Overall, Sports Interaction has a great interface on mobile and on desktop, some of the best live wagering features in Canada, excellent service, and complete support for Interac e-Transfer, making it one of our top choices for Canadians who want to bet with Interac e-Transfer.

Sports Interaction Sports Interaction Review 94/100
  • Offers a wide range of markets
  • Friendly, accessible customer service
  • Complies with robust security

Interac e-Transfer in betting

Since Interac e-Transfer is supported by just about every major bank in Canada, it’s one of the best ways for Canadians to deposit money and withdraw their winnings from sportsbooks that operate in Canada.

Using Interac e-Transfers, you can simply log into your online or mobile banking account to quickly and easily send money directly to the online sportsbook you’re using. It only takes a few minutes to do so.

It’s a reliable payment and deposit method, and usually does not have fees for deposits, though fees may be charged for withdrawals from some sportsbooks. Let’s take a deeper look at the benefits of Interac e-Transfer and the process for using it now.


Advantages of using Interac e-Transfer in betting

Wondering why you should use Interac e-Transfer to place bets in Canada? Here are a few benefits of using this payment method to gamble on your favourite sports and events.

  • Nearly instant – Interac e-Transfers usually take a maximum of 30 minutes for both deposits and withdrawals.
  • Extremely safe and secure – Interac is a highly-reputable payments company and works with some of the largest banks in Canada, so you can rest assured that your data is safe.
  • Never expose your personal information – With Interac, there’s never any need to expose your bank account number, routing number, or any other personal details when placing bets online – in contrast to traditional bank ACH/wire transfers.
  • Supported by most Canadian banks – Almost every major Canadian bank supports Interac e-Transfer, which means you won’t need to make a new account with a payment provider – you can start using Interac e-Transfer to place bets right away.

How to deposit and withdraw with Interac e-Transfer in betting

Wondering how you will deposit your funds and withdraw winnings when using Interac e-Transfer in Canada? Let’s discuss the basic process now. Note that this may vary slightly depending on the sportsbook you use – if you have questions or issues using Interac e-Transfer, we recommend contacting the customer service team at your preferred sportsbook.

How to deposit with Interac e-Transfer when betting in Canada

To make a deposit, you’ll usually just need to head to your online sportsbook, log into your account, and then head to their payments section. Then, you’ll choose your bank in Canada, and use a secure login portal to enter your online banking information. Next, you’ll choose the bank account from which you’d like to take the funds, and confirm the amount you’re depositing. Finally, your cash will be deposited almost instantly, and you can start placing bets right away at your preferred sportsbook.

How to withdraw with Interac e-Transfer when betting in Canada

To withdraw money using Interac e-Transfer, you’ll head to your sportsbook’s online payments portal. Then, you’ll choose the Interac e-Transfer withdrawal method, and choose how much you’d like to withdraw. Fees, if applicable, will be deducted from your total withdrawal.

Then, you’ll be sent a notification via email or SMS to accept the Interac e-Transfer payment.

You’ll simply follow the instructions to accept your payment. Once you complete the process, the full deposit amount will be sent directly to your bank account.


How secure is it to use Interac e-Transfer in betting?

Interac E-transfer is one of the safest and most secure payment methods when it comes to online sports betting in Canada.

Interac is a very well-known payments provider in Canada, and has great security, which ensures that your personal data is safe. In addition, using Interac e-Transfer means your bank account number is never exposed to a sportsbook, which helps keep you more secure.

interac
Source: JL IMAGES / Shutterstock.com

What is Interac e-Transfer?

Here are a few fast facts about Interact and its e-Transfer payment method.

  • Interac Corporation, a Canadian interbank network, was founded in 1984 in Canada
  • A sub-company of Interac called “Acxys” launched in 1996 to begin offering e-transfers under the Interac brand
  • By 2015, more than 105 million money transfers were made each year using Interac eTransfer
  • The total money sent on Interac exceeds $44 billion CAD per year
  • Interac works with all major reputable banks in Canada including CBC, RBIC, BMO, and Scotiabank, to name just a few.

How does Interac e-Transfer work?

An Interac e-Transfer is similar in some ways to an eCheque, but it has a few major differences. Here’s an overview of the basics.

  1. The sender signs into their online banking portal, and chooses the recipient for the funds they’re sending. They also set up a security answer, which must be answered correctly for the recipient to receive the funds
  2. The recipient is sent an SMS or email message with instructions on how to receive the funds via a secure website
  3. Then recipient enters the answer to the security question to receive the deposit, which can be sent immediately via Interac or with a traditional bank deposit
  4. If the funds are not accepted by the recipient within a certain time period (between 24 to 30 days depending on the bank) the transaction will be cancelled

Setting up Interac “Auto Deposit” with a bank lets you send money without setting up a security question and answer. Note that the specifics of the process may vary slightly based on your bank and your sportsbook, but most deposits and withdrawals will follow this same basic process.


Interac e-Transfer in Canada

Interac has been operating in Canada for decades, and the Interac e-Transfer method is, by far, the most popular method of transferring money between individuals in the country.


How to open an account with Interac

There’s no need to open an account with Interac, because if you have a Canadian bank account that supports Interac, you’re already completely set up and ready to use it.


Fees with Interac e-Transfer

In most cases, you’ll only pay fees with Interac e-Transfer when you withdraw funds. Deposit fees are very rare at sportsbooks. Withdrawal fees depend on the sportsbook you’re using. Sports Interaction, for example, lets you withdraw using Interac e-Transfer for free once per month – but every withdrawal thereafter costs $6.


Alternatives to Interac e-Transfer

Wondering if there are any other options you can use in Canada instead of Interac? Here are a few other popular payment options with Canadian gamblers. 

paypal icon

PayPal – PayPal is one of the oldest and most reputable ePayment services in the world, and it supports users from almost every country worldwide. While it’s not as commonly-supported as Interac, many sportsbooks and casinos accept Paypal.

skrill icon

Skrill – Skrill is owned by Paysafe Group, which acquired it in 2015. It supports 40 currencies, and has very good security features with reasonable fees, making it a good option for Canadians who can’t use Interac e-Transfer.

directdebit icon

InstaDebit – Instadebit can be used with any Canadian bank account, and allows you to make deposits on most major sports betting websites without exposing your bank account information. However, it’s not always supported as a withdrawal method.


FAQs about Interac e-Transfer & betting

Got questions about using Interac e-Transfer for betting? Get answers to top FAQs below.

Is it safe to use the payment provider for sports betting?

Interac has a long history in Canada, and is one of the safest, most legitimate payment providers available today.

Which deposit/withdrawal methods can I use when using Interac?

The e-Transfer method is usually the only Interact deposit and withdrawal method supported by sports betting websites.

Do I have to verify anything with Interac e-Transfer?

As long as you already have a Canadian bank account, there’s no need for additional verifications.

Will there be any fees added when I use Interac e-Transfer?

 Yes, but these depend on the sportsbook you choose to use.

What do I do if my payment is declined?

You can contact your bank and the sportsbook’s customer service to learn more about why your payment was declined.

How long will it take before my deposit is received by the betting site?

Deposits can be processed immediately, but may take up to 30 minutes.

How long will it take before my withdrawal is received from the betting site?

Withdrawals are usually processed within 30 minutes, but this can vary depending on the sportsbook.

Tips for using Interac e-Transfer when betting

Want some tips for using Interac e-Transfer while placing bets online? Here are a few of our tips for new users.

  • Take your time when selecting the best payment provider for you – Always be aware of fees and other costs when choosing a payment provider, and ensure you choose the best option.
  • Be aware of any fees which may occur – Fees are common for withdrawals, so know how much you’ll pay before you take out any money.
  • Make sure that your favorite betting site accepts Interac e-Transfer – We recommend contacting customer service if you can’t find information about a sports book’s payment methods on its website.
  • Know the transaction limits of Interac e-Transfer – Each bank or credit union has different transaction limits, so consult with them to ensure you know these limitations before making deposits and withdrawals.

Interac e-Transfer Is One Of The Best Ways To Deposit Cash When Betting In Canada

If you’re looking for a great sports betting site or casino in Canada, you should definitely pick a website like Sports Interaction that supports Interac e-Transfers. If you use Interac to deposit and withdraw funds, you’ll pay very low fees – and you can rest easy, knowing that your personal data is safe and protected from potential data breaches.

Thanks to its low fees, fast transfers, and widespread support, Interac e-Transfer is definitely one of the best options for Canadian sports gamblers. We hope this guide has helped you learn more about this payment method. Thanks for reading, and good luck on your next bet!