Instadebit is currently the most popular online sportsbook deposit method in Canada. For close to ten years, Instadebit has enabled Canadians to fund their online sports betting accounts using a Canadian chequing or savings account.
Instadebit works with all major Canadian banks including, RBC, Scotiabank, TD, CIBC, BMO, among many others including credit unions.
The major advantage of using Instadebit to fund your online sportsbook account is that you can make instant deposits and accept withdraws back to you personal bank account in Canadian dollars. Learn More about Instadebit
Better than Visa or Mastercard Deposits….Never gets blocked
One of the top reasons to fund your sportsbook account using Instadebit instead of a credit card is the fact that Instadebit is bank friendly and never gets blocked. Some Canadians are unable to make betting deposits using a Canadian Visa or mastercard.
This is because some Canadian card issuing banks have decided they would not like to allow credit card deposits for online gaming. The other draw back is that even if you can deposit using your Visa or Mastercard, when it comes time to withdraw, you have to fax in forms and wait for a cheque to be mailed. With Instadebit, deposits and withdraws are Instant and there are no forms to fax in. More on Visa / Mastercard Blocks
Is Instadebit Safe and Legit?
Instadebit is easily one of the safest ways to fund your sportsbook account from Canada. Instadebit has been processing online transactions to online sportsbooks and other merchants for over ten years using the latest 128 bit encryption technology.
Instadebit never shares your information with merchants and is regulated by leading security certification firms VeriSign and TRUSTe.
What are Instadebits Fees?
There is no fee to open an Instadebit account. Instadebit charges a small fee of $2 when you deposit to an online sportsbook (most sportsbooks reimburse this fee) And you will be charged $2 when you withdraw money back to your bank account. These are flat rate charges no matter what the amount.
What Canadian Banks Work with Instadebit?
Instadebit works with all Canadian savings and chequing accounts from the following banks, RBC, BMO, Scotia Bank, PC Financial, TD, CIBC, Tangerine, and HSBC.
Unfortunately, Instadebit does not work with Canadian credit unions. So unfortunately, members of Meridian, DUCA, Coast Capital and others would need to find another means to make a sportsbook deposit.
Instadebit Deposits and Limits
Once your Instadebit account is set up you can fund your account right away. Most Instadebit accounts start off with a $2500 weekly deposit limit but this can be increased by simply verifying your account or speaking with an agent over the phone, Email or Online chat.
Instadebit Withdraw Times
When you would like to withdraw funds from your Instadebit account back to your personal Canadian bank account, it generally takes 2-3 business days to process.