How does iDebit work?
As earlier stated, iDebit acts as a middleman between your bank account and your online casino account. You will link your bank account with the payment system where you can make payments (deposits) to your merchant (online casino). A point to note is that the bank account you opt for must support online banking services.
But which are the Canadian banks offering online banking services? We have the list! Some of the popular ones include;
- Royal Bank of Canada
- Bank of Montreal
- Td Canada Trust
- Scotiabank
- Canadian Imperial Bank of Commerce
- National Bank
- Simplii Financial
- Desjardins
Using iDebit will only require you to open up your iDebit account, log into your bank account and complete the transaction. All that will be needed in the whole process will be your username and password. This increases the level of security considering your financial and personal details are not shared or stored at any point.
Depositing with iDebit
The process of depositing to your online casino account is quite easy. You need to ensure you have an iDebit account and a bank account that is linked. If you meet the aforementioned requirements, here is the step-to-step guide on how to go about it;
- Log in to your iDebit-friendly casino account
- Go to the option ‘Banking’, ‘Cashier’ or ‘Deposit’
- Enter the amount of money you want to deposit
- Choose iDebit as your preferred mode of payment
- Log in to your iDebit account or check out as guest
- Choose your bank that money will be debited from
- Confirm the payment and you will be ready to go!
Ensure that your username and password is NEVER shared with anybody.
There will be a flat rate fee of C$1.50 charged once you deposit funds from your bank account. However, if you had funds in your iDebit account, there will be no charges attached to any payment you make to the merchant.
Unlike some other popular payment methods, you cannot split your payment on one transaction. iDebit does not allow you to use two different bank accounts to make one payment. Payment must be completed fully from one bank account.
Another point to note is that business accounts are not eligible to use iDebit for making payments. Only personal accounts are accepted.
Withdrawing with iDebit
We try as much as possible to recommend casinos that offer a payment method available for both deposits and withdrawals. This increases the convenience levels to players due to the few or no hassles likely to be experienced. iDebit has been highly-rated for the provision of both services (deposits and withdrawals)
After a win is recorded in your favorite iDebit-friendly casino, then comes the withdrawal process. The process is also easy and below is the step-to-step guide on how to go about it;
- Go to the option ‘Banking’, ‘Cashier’ or ‘Withdraw’ on your casino account
- Enter the amount of money you want to withdraw
- Choose iDebit as your preferred mode of payment
- Log in to your iDebit account or check out as guest
- Confirm the withdrawal and your funds will reflect in your iDebit account
- If you wish to transfer the funds to your bank account, you will transfer from your iDebit account at a cost.
Just like making a deposit, there will be some flat rate charges placed on every withdrawal made. Transferring funds from your online casino account to your iDebit account will not be charged. However, transferring funds from your iDebit account to your bank account will be charged C$2.
iDebit has set out a ’28-Day Balance Policy’ which requires players to withdraw any funds in their iDebit accounts within 28 days. This means that you will either re-deposit funds to your online casino or transfer them to your bank account.
iDebit on mobile
Living in an era where mobile phones are popularly used means one thing, that many services should be accessed through the phones. We always emphasize on the convenience factor where our players can access any casino service at their comfort. This includes payment methods. Many payment methods have launched their mobile platforms in the form of mobile applications which players can download and have even better services.
Unfortunately, maybe due to the method being among the newest, iDebit doesn’t offer a mobile platform. This is a section that we hope to be addressed and we will keep you posted on any development.