How long do Interac withdrawals take?

Usually, it takes between 4–6 working days to withdraw cash from poker sites via Interac. This is only a rough estimation — many withdrawals are much faster than this. It mostly depends on how quickly the poker operator’s financial team can process the cashout request.

What are the key benefits of using Interac on Canadian poker sites?

Anonymity, the ease of use, impeccable security, speed, and reliability — to name but a few.

Do I need an Interac account to make deposits and withdrawals on poker sites?

As a matter of fact, you don’t. You only need to click on the Interac logo, and you can get the job done without setting up an Interac account.

Which banks work with Interac?

First Nations Bank of Canada, Goderich Community Credit Union Ltd, BMO Bank of Montreal, ATB Financial, Alterna Savings, All Trans Credit Union Limited, Desjardins, ICICI Bank Canada, and a couple of others. You can check out the full list on the Interac website.

Are Interac transactions safe?

It’s one of the safest payment options around. Interac uses cutting-edge protocols and the latest encryption technology to protect transactions. Trust me, there’s nothing to worry about when it comes to Interac’s safety.

Are Interac transactions reversible?

They are, in some cases. For example, when you make a deposit onto poker sites, and the funds haven’t reached the poker operator, it is possible to reverse a transaction. If the deposit is processed and your funds have already reached your poker account, it’s impossible to reverse the process.

Best Canadian Poker Sites That Accept Interac in 2021

Interac is one of the most popular payment solutions in Canada and is widely accepted by Canadian poker sites. Some of the main reasons so many Canadians opt for this payment service are security, convenience, and ease of use it provides — all of which are traits highly sought after by online poker players.

If you’re a poker fan living in Canada who wants to use Interac for depositing and withdrawing funds to and from poker sites, keep reading my poker sites Interac guide. We’ll tell you everything you could possibly need to know to get started.

Top-Rated Interac Poker Sites in Canada

Pretty much every Canadian-friendly poker site will offer Interac as a deposit and withdrawal method. But not all of them are worth your attention and, more importantly, money. Some of them are even notorious for having bad track records of security and paying customers their hard-earned cash.

My panel of poker specialists has done detailed market research, filtering out the best Interac poker sites from the not-so-good ones. Every operator from the list below has been vetted and verified by my team to ensure everyone gets fair gameplay and top service standards.

888poker
8/ 10

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Betsafe
8/ 10

100% Deposit Bonus Up To $2,000 *T&C Apply

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GGPoker
8/ 10

100% Deposit Bonus Up To $600 *T&C Apply

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LeoVegas
8/ 10

100% Bonus Up To $1,000 + 200 Free Spins *T&C Apply

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PokerStars
8/ 10

100% Deposit Bonus Up To $600 *T&C Apply

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Unibet
8/ 10

$30 + $1000 Playthrough Poker Bonus *T&C Apply

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There are no casinos based on your criteria.

What Is Interac?

Originally founded as Interac Association in 1984, Interac is a debit payment system that boasts over 20 million users worldwide. The majority of its users are Canadian-based, and they are using this payment system for online purchases and deposits/withdrawals on gambling sites. In 2018, the company was rebranded to Interac Corporation and has established itself as one of the most popular payment methods in Canadian poker sites.

Interac currently offers a wide range of services, including Interac Cash, Interac Debit, Interac e-Transfer, Interac Flash, Interac Online, Apple Pay, Google Pay, Samsung Pay, and Mobile Payment Solutions.

Why Use Interac for Depositing Into Canadian Poker Sites?

According to numerous experts in the online gambling field, Interac is by far the best payment option for Canadians. There are several reasons this is true, and you’re going to find out below.

First, almost anyone with a bank account in Canada can use Interac, as most Canadian financial institutions that operate in the country work in close collaboration with this e-wallet. This means that you can use Interac for depositing into Canadian poker sites, regardless of the bank you’re using.

Another advantage of using Interac is seen in the security this payment system provides. Reportedly, it has one of the lowest fraud rates in the world. When making deposits and withdrawals on poker sites, you won’t need to disclose your bank account details. In other words, your financial account’s information will remain anonymous and hidden from potential fraud attempts and hacker attacks.

We know that many of you guys feel uncomfortable sharing personal and financial information with gambling operators, but that won’t be an issue with Interac. Even if the site suffers a hacker attack, your funds will be completely safe, which may not be the case when you use credit and debit cards.

One of many Interac’s strong points is high deposit and withdrawal limits. Most Canadian Interac poker sites will allow you to deposit over CAD$5,000 per transaction via this service, which is a much higher limit compared to other payment options.

Last but not least, fees involved in Interac transactions are low to non-existent. Poker sites probably won’t charge you a dime for making Interac deposits and withdrawals. In some cases, though, credit unions and banks may add service charges for certain transactions.

Interac Weaknesses

Honestly, Interac doesn’t have many downsides. In fact, the only disadvantage we can think of is the fact that it’s not yet supported by all poker sites. Still, if you’re playing in one of the most prominent ones, especially those that accept Canadian residents, this shouldn’t pose a problem, as you’re surely going to find Interac as an option.

It’s also worth mentioning that some Interac users have become victims of phishing since all transaction notices are processed via email. That’s why you should be extra careful when opening emails from unknown senders. This is generally a problem with plenty of online payment options. Luckily, this issue is easily avoidable — you merely need to distinguish real emails from the fake ones.

How to Deposit Into Canadian Interac Poker Sites

If you want to use Interac for depositing into Canadian poker sites, just follow these several easy steps:

Find a poker site that accepts Interac.
Create a user account on that site and log in.
Go to the Cashier section, and find the Deposit option.
Select Interac from the list of available payment methods.
Click on the Generate Payment Details option, and enter the amount of money you want to deposit.
Go to the Interac website and input the details provided by the poker site (email, recipient name, and confirmation code).
Once you confirm the payment, the funds should be available on your poker account within a couple of minutes.
Good luck with your poker sessions!

How to Withdraw From Canadian Interac Poker Sites

If you managed to score some winnings on Interac poker sites, you can easily withdraw the funds using the Interac e-Transfer option. Here’s the drill:

Go to the poker site, log into your account, and find the Cashier section.
Choose Interac e-Transfer as your preferred withdrawal method.
Answer the security question that pops out.
Select the amount you wish to cash out and choose your financial institution.
After that, you need to go through a brief verification procedure (if you didn’t enable the Autodeposit feature).
Verify your withdrawal request. The transaction should be processed within 30 minutes with your funds being readily available on your bank account.

Alternative Payment Methods to Interac

Interac is just one of the many payment options offered by Canadian poker sites. Usually, you can choose from dozens of payment solutions, ranging from credit and debit cards (Visa, MasterCard) to prepaid cards, e-wallets (PayPal, Neteller, Skrill), and even cryptocurrencies (Bitcoin, Ethereum, Litecoin). Each of these options has its strong and weak points, so it’s only a matter of your personal preferences.

Closing Thoughts

Is Interac the best payment option in Canada? It surely ranks towards the top. Compared to other alternatives, Interac brings the most benefits to Canadian poker players. It’s ubiquitous, anonymous, safe, and lightning-fast. Moreover, Interac offers several unique services, which means that it can cater to the needs of poker players of various preferences.

The bottom line, if you’re living in Canada and are on the lookout for an easy, quick, and reliable way to deposit and withdraw funds to and from poker sites, Interac should definitely be a candidate worthy of consideration. Don’t forget to always gamble responsibly. Good luck!

FAQ

How long do Interac withdrawals take?

Usually, it takes between 4–6 working days to withdraw cash from poker sites via Interac. This is only a rough estimation — many withdrawals are much faster than this. It mostly depends on how quickly the poker operator’s financial team can process the cashout request.
What are the key benefits of using Interac on Canadian poker sites?

Anonymity, the ease of use, impeccable security, speed, and reliability — to name but a few.
Do I need an Interac account to make deposits and withdrawals on poker sites?

As a matter of fact, you don’t. You only need to click on the Interac logo, and you can get the job done without setting up an Interac account.
Which banks work with Interac?

First Nations Bank of Canada, Goderich Community Credit Union Ltd, BMO Bank of Montreal, ATB Financial, Alterna Savings, All Trans Credit Union Limited, Desjardins, ICICI Bank Canada, and a couple of others. You can check out the full list on the Interac website.
Are Interac transactions safe?

It’s one of the safest payment options around. Interac uses cutting-edge protocols and the latest encryption technology to protect transactions. Trust me, there’s nothing to worry about when it comes to Interac’s safety.
Are Interac transactions reversible?

They are, in some cases. For example, when you make a deposit onto poker sites, and the funds haven’t reached the poker operator, it is possible to reverse a transaction. If the deposit is processed and your funds have already reached your poker account, it’s impossible to reverse the process.