The Best Bank Transfer Casino Site in Canada

Make Online Casino Deposits in Canada with Bank Transfer

If the idea of knowing that your money is securely and professionally transferred appeals to you, then gambling at one of the Canadian bank transfer casinos on our site is what you may need.

This is a casino payment method that provides a guaranteed and tight level of security, but it does come at a price.

Oftentimes, these fees can be twofold. Firstly, your bank will charge you for transactions, and secondly, some casinos may impose fees for using this payment method. That’s why we always recommend you read a casino’s terms and conditions around banking before you sign up to avoid you being caught out with unexpected expenses.

On the upside, many Canadians agree that playing at a bank transfer casino offers tight enough security to justify the costs.

Best Online Casinos Accepting Bank Transfers to Play Live & Casino

There are 5 banking institutions in Canada that allow their users to deposit at online casinos, and we have listed them further up. With this information in hand, we have prepared for you a top list of some of the best live casinos offered in Canada where you can make deposits via bank transfer.

Make the most out of your Bank Transfer deposit to play live roulette or online slots at some of the best online casinos in Canada.

How Does a Bank Transfer Casino Work?

Pretty straightforward, we must say: the good news is that playing at a bank transfer casino is a piece of maple syrup pie.

1. You initiate a transaction at a bank transfer casino.
2. The casino takes the information and transaction amount and transfers the information to the bank.
3. The bank verifies the authenticity of the credentials for the transaction and transfers the amount to the casino

Can I activate casino bonuses when I deposit via a Bank Transfer?

Fure sure! When you choose a bank transfer casino on our top list, you are eligible for generous welcome bonuses and other lucrative promotions. There are some payment methods such as Paysafecard that if used at first deposit, will restrict players from getting their welcome bonus. That’s due to the volatile profile of this voucher. However, it’s never the case with such a regulated and secure payment method as Bank Transfer deposits.

How to Withdraw at an Online Casino through Bank Transfer

Once you’ve had fun on all the best slots, table games, live casino games and more, you’ll want to cash out your winnings. It’s just as easy as making a deposit:

1. Go back to the casino’s cashier and choose “withdraw.”
2. Enter how much you’d like to withdraw and complete any other banking details.
3. Confirm your transaction and wait for the casino to process the funds.

Most of the bank transfer casino sites on our list will require you to complete a KYC process before your first withdrawal. It’s a way of making sure you really are who you claim to be. To complete the process, you’ll need to submit copies of identification documents and proof of address. If you don’t like the sound of that, you might want to check out no verification casinos instead.

Is A Canada Bank Transfer Casino Safe?

That’s a hard yes. You don’t need to hand over much information when playing at online casinos accepting bank transfer payments.

There are no third parties or middlemen to spy on your information – it’s just your bank and the casino’s bank. Banks in Canada use the highest levels of security to ensure only the safest transactions.

All the casinos that we recommend on this page also use superior encryption and safety technology to keep your details secure at all times.

Just make sure that you have all the right information. As soon as you initiate a deposit, it’s not easy to do a chargeback to your bank account. We’d say double, or even triple, check the digits before you confirm a casino transaction.

Carefully Consider Bank Transfer Casino’s Terms and Conditions

We mentioned that one of the downfalls of using this deposit method is the fees. The processing fees can be anywhere from $5 to $50, depending on the cash amount, your bank, and the bank transfer casino. Toronto-Dominion Bank, for instance, charges anywhere from $30 to $80.

In most cases, deposits come with minimal fees, so it’s cheaper to use this option for casino deposits.

While transactions are pretty straightforward, there are also waiting times involved. In some cases, you could wait up to five days for funds to reflect in your casino account.

Withdrawals can take up to five or more working days to process once you’ve made the request.

Are Bank Transfer Deposits fit for Sportsbook Online Casinos?

If there’s one derivative conclusion that we’ve drawn from the pros and cons above is that we find bank transfers would work perfectly for online sports betting fans; it allows them to move large chunks of money into their sportsbook account while mitigating the transaction cost. Furthermore, when a heated in-play odd is hot, they can place their bet immediately.

In fact, for sports betting Canada, there are big names out there boasting some of the best odds. Not only that, but they also offer some nice freebet options at registration.

We’ll mention just a few we like below:

Alternative Online Casino Payment Methods to Bank Transfers

Ok, we all agree that a bank transfer casino might not be for everyone, and if this is you, Canadian online casinos have plenty of alternative banking options for your Dollars.

EcoPayz – this is a popular payment method in Canada that can be used to fund your casino account instantly.

Neteller – one of the most popular e-wallets around, Neteller allows for instant deposits and withdrawals usually don’t take longer than 24 hours to process.

PayPal – a secure and well-known online payment method, PayPal is accepted at all the best bank transfer casino sites for Canadians.

Visa/MasterCard – debit and credit cards are also popular payment methods at online casinos, and while it’s a faster option than a bank transfer, you do need to hand over personal details.

Prepaid card – you can purchase prepaid cards at retail stores and deposit the funds into your casino account, but you can’t use this method for withdrawing your funds.