This site was created specifically for people from Canada, for quick acquaintance with the gambling industry online. In today's article, you can know all about request direct deposit, benefits, individuals, tax refund, gst/hst, child, uccb, cctb, witb, housing rebate, businesses, corporations, excise refunds, csa, t1-dd(1), gst515, rc113, rc366, gst469 replaced by rc366, t2-dd, e664. Our Canadian visitors have asked us so many times to write the review of "Direct deposit - Canada Revenue Agency, Deposit Option for Online Users in Canada" because of high interest in this topic. Well, the thorough investigation by our gambling expert had been already finished and we have collected here all useful information about request direct deposit, benefits, individuals, tax refund, gst/hst, child, uccb, cctb, witb, housing rebate, businesses, corporations, excise refunds, csa, t1-dd(1), gst515, rc113, rc366, gst469 replaced by rc366, t2-dd, e664 in one review. You may read it now!

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Direct deposit - Canada Revenue Agency, Deposit Option for Online Users in Canada

Deposit Option for Online Users in Canada

You can now sign up for direct deposit for certain business accounts or change your account information through your financial institution. To be eligible to enroll for CRA direct deposit for businesses, your business must have a valid 15 digit business number and one of the following CRA program accounts:

Alterna Bank Alterna Savings and Credit Union Limited Alterna Savings
ATB Financial Alberta Treasury Branches
B2B Bank
BlueShore Financial
BMO Bank of Montreal
Canadian Western Bank CWB Financial Group
CIBC Canadian Imperial Bank of Commerce
DCBank
First Nations Bank
HSBC HSBC Bank Canada
KEB Hana Bank Canada
KOHO Financial
Laurentian Bank Laurentian Bank of Canada LBC
LBC Digital Laurentian Bank of Canada
Motive Financial
motusbank
National Bank National Bank of Canada
RBC Royal Bank of Canada
Scotiabank Bank of Nova Scotia
Simplii Financial
STACK
Tangerine
TD Canada Trust Toronto-Dominion Bank TD Bank
We Financial

Direct deposit - Canada Revenue Agency

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Don't miss a payment!

Direct deposit is fast, convenient and secure. Register for direct deposit today to ensure you get your payments on time in the event of an emergency or unforeseen circumstances!

For more information and to find out how to update your account, please visit our Frequently asked questions about direct deposit.

If you receive one of the following payments from the CRA and have a Canadian bank account, you can sign up for direct deposit:

income tax refund

goods and services tax/harmonized sales tax credit and any similar provincial and territorial payments

Canada child benefit and any similar provincial and territorial payments

Canada workers benefit

deemed overpayment of tax

Canada Recovery Sickness Benefit, Canada Recovery Benefit, Canada Recovery Caregiving Benefit

If you have already signed up for direct deposit with the CRA, we will use the existing bank account information for any payments you are entitled to receive.

If you have enrolled for direct deposit for the first time, you may still receive your next refund or benefit payment by cheque.

Ways to sign up for direct deposit

Through financial institutions

You can sign up for direct deposit or change your account information through many Canadian financial institutions; banks, credit unions, trust companies.

Choose your financial institution

Alterna Bank Alterna Savings and Credit Union Limited Alterna Savings

ATB Financial Alberta Treasury Branches

B2B Bank

BlueShore Financial

BMO Bank of Montreal

Canadian Western Bank CWB Financial Group

CIBC Canadian Imperial Bank of Commerce

DCBank

First Nations Bank

HSBC HSBC Bank Canada

KEB Hana Bank Canada

KOHO Financial

Laurentian Bank Laurentian Bank of Canada LBC

LBC Digital Laurentian Bank of Canada

Motive Financial

motusbank

National Bank National Bank of Canada

RBC Royal Bank of Canada

Scotiabank Bank of Nova Scotia

Simplii Financial

STACK

Tangerine

TD Canada Trust Toronto-Dominion Bank TD Bank

We Financial

Credit unions and trust companies (individuals)

Once you provide consent through one of these financial institutions, your CRA direct deposit information will be updated the following business day. We encourage you to visit your financial institution’s website for information on how to sign up.

Online - My Account Portal

You can sign up yourself if you are registered for My Account. If you are not yet registered, why wait? My Account can help you quickly and easily manage your tax affairs online, including signing up for direct deposit or changing your account information.

You can also see if you have any uncashed cheques that are older than six months.

Online - mobile application

To start or update direct deposit information, use MyCRA.

By phone

To sign up for direct deposit or to change your account information, call CRA at 1-800-959-8281 . You will need your:

social insurance number

full name and current address, including postal code

date of birth

most recent income tax and benefit return and information about the most recent payments you received from the Canada Revenue Agency

banking information: three-digit financial institution number, five-digit transit number, and your account number

Do not close your old bank account until your first payment has been deposited to your new bank account as it may already be in process.

If you expect to receive at least one of the following payments for your business from the Canada Revenue Agency, you can sign up for direct deposit:

corporation income tax refund

goods and services tax/harmonized sales tax refund

refund of excise tax or other levies

refund of payroll deductions

Canada Emergency Wage Subsidy (CEWS)

How to sign up

Online

As a business owner or delegated authority, you can start or update a direct deposit online.

To complete your direct deposit application or to manage your direct deposit information, log in or register for:

New Sign up through financial institutions

The CRA may contact you by phone to confirm information. If you have questions about a call you receive, you may read more about how to recognize scams.

RT – Goods and Services Tax/Harmonized Sales Tax

RP – Payroll

RC – Corporate Income Tax

ZA - Canada Emergency Rent Subsidy (CERS)

* Note: You will need to sign up your Canada Emergency Rent Subsidy account (ZA) to receive the CERS by direct deposit.

Choose your financial institution

ATB Financial

BMO Online Banking Bank of Montreal or BMO Online Banking for Business Bank of Montreal Bank of Montreal -->

Canadian Western Bank CWB Financial Group

CIBC online banking Canadian Imperial Bank of Commerce or CIBC Cash Management Online Canadian Imperial Bank of Commerce Canadian Imperial Bank of Commerce -->

First Nations Bank

HSBC HSBC Bank Canada

KEB Hana Bank Canada

Laurentian Bank (coming soon)

RBC Royal Bank of Canada

Scotiabank Bank of Nova Scotia

TD Canada Trust Toronto-Dominion Bank TD Bank

Credit unions and trust companies (businesses)

If you are the trustee, custodian, executor, or other type of legal representative for a trust, you can start or change direct deposit information. The name on the bank account must match the name of the trust.

How to sign up

By mail

For more information about direct deposit for trusts, call 1-800-959-8281 .

You can start direct deposit or change your banking information related to direct deposit if the following conditions apply:

you are a Canadian payer or agent

your non-resident tax account has three alpha characters starting with NR followed by six digits

your Canadian bank account is registered in Canada

the name on your Canadian bank account matches the name on your non-resident tax account

If you are a non-resident of Canada filing a Form NR7-R, Application for Refund of Part XIII Tax Withheld, you can ask the Canada Revenue Agency to deposit your refund directly into your bank account at a Canadian financial institution. The name on the bank account must match the name of the applicant or the authorized person who signs the certification section on Form NR7-R.

How to sign up

By mail

Non-resident account holder

NR7R refund applicant

Fill out Form NR304, Direct Deposit Request for Non-Resident Account Holders and NR7-R Refund Applicants.

Attach the completed NR304 to the Form NR7-R, Application for Refund of Part XIII Tax Withheld refund application.

Mail the completed forms to the address on the forms.

For more information about direct deposit for non-resident account holders and NR7-R refund applicants, call 1-855-284-5946 .

Canadian Poker Deposit Methods 2021

RBC or TD Visa Card Blocked / Declined For Poker Deposits? This Article Shows You The Different Options Available For Canadians Looking To Make Poker Deposits – And Lists The Easiest Sites To Deposit At.

RBC and TD Bank (among other banks) have recently been declining a lot of poker (well, all gambling) deposits, citing 'security concerns'. The good news is that there are plenty of straight-forward ways for you to safely deposit at online poker sites – many of them provide you extra speed and security compared to using your Visa card.

Cards are still the top choice of most players, so I’ll cover those first. Next, while some of the popular ‘eWallet’ services available to Canadians have pulled out - there are still some options here with InstaDebit being the biggest of those still available. Interac is reliable and quick, and does work from all of the banks - as does iDebit. Money transfer options are another reliable option, which uses the big global wiring services like Western Union or MoneyGram. A new addition to the list (for Bodog and the offshore US friendly sites which welcome Canadians) is Bitcoin, which has become very easy to use.

Canada Poker Deposit Methods – Credit / Bank Cards + Notes On TD Visa Declines

Both Visa and MasterCard are accepted at all poker sites nowadays. Most players can still deposit using their with no problems – and this is the fastest way to get money onto poker sites.

Unfortunately, 'security concerns' mean that TD and RBS Visa cards and some other banks too are sometimes declined. As usual it is a payment processing game of cat-and-mouse (or maybe Poker?) between the banks and the sites. There is no legally binding reason for these declines – just bank policy to make extra sure that they are not breaking the UIGEA laws from the US.

If you insist on cards, then getting one from another bank will do the trick. You can also buy prepaid Visa cards, I advise you to check with your poker site which are working before you buy.

My main recommendation is simply to use your card to fund one of the electronic wallets – and then deposit on the poker sites from there, or use Interac, which takes money from exactly the same bank account without the risk of a block!

Canadian Poker Site Deposit Methods – eWallets, The Perfect Work-Around

An eWallet is simply an intermediary payment service which sits between your bank and merchants on the web. PayPal is the best known - though unfortunately no longer supports Canadian players for gambling deposits. Alternatives include Click2Pay, InstaDebit and EntroPay (which is a virtual Visa card) all of which are working well at the time of writing. One of the biggest brands, Moneybookers (Skrill) have recently pulled out of the CA area for gambling transactions - following Neteller, which pulled out some time ago.

Many players use these to keep a portion of their poker bankroll flexible. When a bonus offer comes in from a leading site, you can take advantage right away, then withdraw your profits back into the wallet once done. These services mean that no gambling transactions appear on your bank statements, and can be used for general purchases too. eWallets can also keep your poker bankroll safely out of the hands of your wife (or husband!!).

Here are my recommendations:

#1 Click2Pay: This is a popular service and it comes with a debit card that allows you to use the cash from your account. It works with all the major sites including PokerStars, and some iPoker Network sites.

#2 InstaDebit This is the one of the best known eWallets, the charges are higher than at some others (for withdrawals rather than deposits), though you do get the flexibility to use this at millions of online merchants. This one works great with the awesome 888Poker.

Canadian Poker Site Deposits - Interac Poker Deposits

There is something uniquely Canadian about Interac. This payment method is not only safe and secure (you have to log on and send funds via e-mail from your bank account, rather than give anyone card or banking info), it is run by a non-profit.

The best thing about Interac is that it is 100% reliable. All of the major banks support this and so do the major sites. The only (small) downside is that this is a slightly convoluted process - you need to start the deposit at the poker site, then go to your bank to initiate, then go back to the poker site. Considering how reliable Interac is, this is a small price to pay. You can find out more in this detailed article on Interac Poker Deposits.

Canadian Poker Deposit Options – Bank Transfers

This is not just for the high-rollers, in fact there are some bank transfer options available to Canadian players which are perfect for smaller stakes players. If you want to make bigger ($5k+) transfers, then I recommend you speak with the support staff at your poker site first. You never know, they might be able to offer you a special deal or bonus!

Here are the types of bank transfer deposit method currently available to Canadian players:

#1 – Interac: I covered this above, this is super-reliable, and all of the main sites will support it (you might need to speak to them first, as not all sites call it Interac (can be listed as local bank transfer or even iDebit)

#2 – InstaDebit: This one works like a cross between an eWallet and an eCheck. The key advantages are an instant transfer between your bank and the poker site, plus added security as no personal data needs to be transferred with the payment. This one is recommended for use at PokerStars / Full Tilt.

#3 – Western Union / MoneyGram: I look at these as standby methods, since you need to physically take the cash to a branch office (though WU now have SpeedPay to avoid this step too). Neither company support gambling deposits, meaning you'll be wiring to an individual who will collect on behalf of the poker room. This is reliable and trusted - a popular method south of the border.

You should ask about direct wires even for small amounts, this will depend on your bank more than anything else - though the support staff at all of the top 5 sites will know the latest (they would not be top 5 sites without your deposits after all!).

Canadian Poker Deposit Options - Bitcoin

Technology has moved on and Bitcoin is not a mainstream deposit option. Setting up a wallet at one of the online services like blockchain.info is no harder than setting up a PayPal account. These work by using strings of letters and numbers as the Id or the receiver. You'll go to a poker site, generate a receiver Id, and then go to your Bitcoin wallet to send it. More and more poker rooms are embracing BTC - and this has the added advantage of being completely out of sight for any authorities / tax people!.

The sites which welcome Bitcoin are mostly the offshore US friendly operators (think ACR Poker and BetOnline). NetBet on the iPoker Network do accept these now.

Bitcoin deposits are becoming more popular, you can find out more in my detailed Guide to Bitcoin Poker Deposits.

Canadian Poker Deposit Options – Mark’s Conclusion + The Best Sites For Easy Deposits And Speedy Cash-outs

My conclusion is clear, when the banks start to decline transactions - poker fans will always find a way to get money on board. Intrac, InstaDebit and prepaid cards are the easiest options - though not the only ones.

When it comes to speed and simplicity (as well as big-brand trust) I have one strong recommendation:

Fastest And Smoothest CA Deposits - 888 Poker:

Not only will 888 Poker handle deposits and withdraws smoothly - they are so confident you'll like their poker room that all new players get up to $88 free (no deposit or credit card info needed) to try out the games.

If you like what you find, the 100% welcome matched bonus can be claimed at any point down the line. Soft games, BLAST! and SNAP! poker variations, tons of guaranteed tournaments and fishy (soft) games all combine to make 888 my go-to site and an easy top rec for Canadian readers.

Check out 888Poker.com now to see those fishy games and grab your $88 new player bonus!

More Articles Covering Poker Site Deposits

- US Poker Deposits Guide (Still not easy, but there are now some reliable methods getting established)

- PayPal Poker Sites Guide (not for Canadian's I'm afraid)

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Canada’s Best Online Banks for 2021

If it has been a while since you last made your way into a brick-and-mortar bank branch, you are not alone.

Current data from the Canadian Bankers Association shows that more than 75% of Canadians now use online and mobile banking to conduct most of their day-to-day banking transactions.

Online banks aka digital banks or virtual banks offer their customers access to low-fee (or no-fee) banking and easy access, higher interest savings rates, no-minimum balance banking, and security of funds.

Traditional banks in Canada also have an online presence to provide their services, however, this write-up focuses on those branchless direct banks whose main service delivery model is via the internet i.e. they have zero or very limited physical locations you can walk into.

Read on to see the options available to you if you are considering an online-only bank for your banking needs.

Advantages of Online Banking

Here are some of the benefits you can expect from online banking:

1. Convenience: These days you can conduct most of your transactions using your bank’s mobile app or by visiting their online platform. Easily pay bills, deposit cheques, transfer money between accounts, and more.

2. Better Rates: Online-only banks save on the overhead costs that come with managing physical locations. They redirect some of these savings to their customers by offering high-interest rates on savings and term deposits. For example, a 1.50% savings account rate as opposed to 0.05%.

Many internet banks even pay you interest on your chequing account balance which is something you won’t find with traditional banks.

3. Lower or No Fees: Canadians pay an average of $200 per year in banking fees. Many online banks do not levy a monthly account maintenance fee for chequing and their service fees are often cheaper. Online-only banks also offer no-minimum balance banking.

4. Save Time: Hate waiting in line for services at a bank? Conduct your banking using your mobile app while you are on the go. If you need assistance, you can reach customer service by phone or chat.

5. Versatility: If you are using a budgeting or money management application, you can easily connect your online banking account in order to track your spending and stay on top of your finances.

6. Security: The funds you deposit in online-only banks are protected by Canada Deposit Insurance Corporation (CDIC – similar to traditional banks) or the relevant credit union deposit guarantee corporation (similar to credit unions).

CDIC guarantees deposits up to $100,000 per category, while provincial deposit guarantee corporations may guarantee up to 100% of your deposits regardless of the amount.

Disadvantages of Online Banking

When you choose a digital bank, here are some of what you may miss:

1. Less Personalized Service: If you prefer to interact with a person face-to-face every time you make a deposit or withdrawal, a virtual bank does not provide this perk.

2. Fewer ATMs or Automated Banking Machines (ABMs) as they are now referred to. Depending on your choice of an online bank, they may not have as many ATMs available in your area like the resident traditional banks.

When you use ATMs tied to other networks, you may have to pay. That being said, the online banks in this post are either owned by a bank or are related to an established credit union which makes this issue less of a problem.

3. Transaction Limitations: If you routinely conduct “complicated” banking transactions e.g. bank drafts and wiring money abroad, or need a safety deposit box, an online bank is not for you.

4. Lack of an All-in-One Package: Some online banks only offer a savings account which means you will need to source additional services from another bank if required.

Best Online Banks in Canada

The top 3 online-only banks in Canada offer free online chequing accounts, savings accounts, or a combination thereof.

1. EQ Bank

If you are looking for the best non-promotional savings rates, EQ Bank is in the lead.

EQ Bank is the direct online banking arm of Equitable Bank. It has no physical locations, however, customers have access to a well-rated mobile app for online banking access.

They offer two main accounts:

EQ Bank Savings Plus

Their high-interest account comes with no monthly fees, unlimited free transactions, and no minimum balance.

Although it is a savings account, the EQ Bank Savings Plus functions as a hybrid between savings and chequing, allowing you to send unlimited free Interac e-Transfers, free electronic fund transfers, free bill payments, deposit mobile cheques, and earn a standard 1.50% interest rate.

The interest is calculated daily and paid out monthly.

EQ Bank GICs

They offer high-interest guaranteed investment certificates with terms from 1-5 years. The minimum deposit to open a GIC account is $100.

EQ Bank TFSA and RSP

You can open a TFSA or RSP account and use savings or GICs to save towards a financial goal or for retirement. The EQ Bank TFSA offers one of the best TFSA savings rates in Canada.

EQ Bank does not currently offer a chequing account or credit card.

Read our complete EQ Bank review for more details about their offerings or open a EQ Bank Savings account here.

2. Tangerine Bank

Tangerine is one of Canada’s top digital banks. A subsidiary of Scotiabank, Tangerine offers a savings account, no-fee chequing, credit card, investments in registered and non-registered accounts, mortgage, HELOC, and business accounts.

While it does not have branches, some Tangerine clients can access cafes where they can chat with Tangerine staff in Toronto, Vancouver, Montreal, and Calgary. You can also use over 3,500 ATMs for free across Canada.

Savings Account

They offer 5 different savings accounts:

High-interest Savings Account (0.10%)

TFSA

RRSP

US$ Savings Account

RRIF Savings Account

Chequing Account

Their no-fee chequing has all the bells and whistles you can look for in a chequing account, including no monthly fees, unlimited free daily transactions, free cheques (first book), free access to 3,500 ATMs in Canada and 44,000 worldwide.

Additionally, you earn interest on your chequing account balance as follows:

$0.00 to $49,999.99: 0.01%

$50,000 to $99,999.99: 0.05%

$100,000 or more: 0.10%

Watch out for the $40 NSF fee, Interac e-Transfers (now FREE!), Canadian drafts ($10) and $1 per ATM transaction outside the Tangerine or Scotiabank networks.

Tangerine Money-Back Credit Card

This Tangerine credit card is one of the best no-fee cash back cards in Canada. It has no annual fees and offers a 2% cash back on up to 3 categories of spending including groceries, restaurants, gas, entertainment, drugstore purchases and more plus 0.50% cash back on everything else.

With no limits on how much cash back you can earn, the Tangerine Money-Back Card is one of the best in its category.

Tangerine also recently introduced the Tangerine World Mastercard. Similar to the Money-Back card, it offers up to 2% cash back and no annual fees. In addition, it also offers free mobile device insurance and several other perks.

For more details about the investment options at Tangerine, check out my review of Tangerine Investment Funds.

3. Simplii Financial

Simplii Financial is the direct banking arm of CIBC and formerly operated as PC Financial.

Simplii clients have access to a no-fee chequing account, savings, credit card, mortgages, investments, and more. Additionally, customers can use over 3,400 CIBC ATMs across Canada for free.

Simplii High-Interest Savings

This account offers a standard rate of 0.10% and has no monthly account fees.

You also can choose to keep your funds in an RRSP or TFSA savings account at the same rate of 0.10%.

Simplii Chequing

Their no-fee chequing account is similar to Tangerine’s and offers no monthly fees, no minimum balance, unlimited transactions, and interest up to 0.10%.

In addition, you can send unlimited free Interac e-Transfers.

Check out for their $45 NSF fee, bank drafts ($7.50), and $1.50 (Canada) or $3 (outside Canada) when you use a non-CIBC ATM.

Simplii also offers a credit card. You can read my review of the Simplii Financial Cash Back Visa Card.

Best Online Banks Owned by Credit Unions

The provision of free online bank accounts is not limited to digital banks owned by Canadian banks. Credit unions have also launched several of these virtual banks as a way to increase their customer base beyond their province of residence.

4. Motusbank

motusbank is the latest kid on the block in the online banking world. It is owned by Meridian Credit Union, an Ontario credit union.

motusbank offers a variety of accounts including high-interest savings, chequing, investments, mortgages and personal loans. Their customers have access to over 3,700 free ATMs across Canada through The EXCHANGE Network.

motusbank is federally incorporated and is a member of CDIC.

5. Alterna Bank

Alterna Bank is the direct banking arm of Alterna Savings Credit Union (based in Ontario). It has no branches and is a member of CDIC.

They offer a no-fee e-chequing and high-interest savings accounts, as well as term deposits for registered and non-registered accounts, mortgage loans and online investing through a robo-advisor.

Clients of AlternaBank can access thousands of surcharge-free ATMs via The EXCHANGE Network.

6. Outlook Financial

Outlook Financial is a division of the Assiniboine Credit Union, a Manitoba credit union. Members of Outlook Financial also become members of Assiniboine Credit Union with voting rights.

They offer a high-interest savings account and GIC products that can also be utilized using registered accounts like the RRSP, TFSA or RRIF.

Deposits are protected by the Deposit Guarantee Corporation of Manitoba (DGCM).

7. AcceleRate Financial

Accelerate Financial is the online division of Crosstown Civic Credit Union, a Manitoba financial institution. It was launched in 2010.

They offer a high-interest savings account, GICs, and options to invest using RRSP, TFSA, and RRIF accounts. Deposits with the bank are 100% guaranteed by DGCM.

8. Achieva Financial

This online bank is owned by Cambrian Credit Union.

Similar to the other online banks owned by credit unions, Achieva Financial only offers a high-interest savings account and GICs with options to have these deposits products inside a TFSA, RRSP, or RRIF account if needed.

Given that their parent company is located in Manitoba, deposits in Achieva are 100% guaranteed by DGCM. This coverage protects your funds even if you are not a resident of Manitoba.

9. Hubert Financial

Hubert Financial is a division of Sunova Credit Union. They offer a high-interest savings account (happy savings), TFSA, RRSP, US Savings, mortgage loans, and a credit card.

Customer deposits are fully guaranteed without limits by DGCM.

10. Implicitly Financial

Implicitly Financial is the online banking arm of Entegra Credit Union.

Their product offerings include a high-interest savings account and GICs which are also available in RRSP, TFSA, and RRIF accounts.

Implicitly Financial customers have access to a debit card they can use surcharge-free at any “ding-free” ATM (over 1,800 ATMs across Canada).

Deposits in Implicitly Financial are guaranteed 100% by DGCM.

Worthy Mentions

A few other virtual banks in Canada that offer high-interest savings and low fees (but not credit union affiliated) include:

Are Online Banks in Canada Safe?

Digital banks in Canada offer a deposit guarantee similar to traditional banks.

The online-only banks that are federally-incorporated (e.g. EQ Bank, Tangerine, and Simplii) are associated with the Canada Deposit Insurance Corporation. This means your deposits with these banks are protected up to $100,000.

For the virtual banks that are owned by credit unions, your deposits are either covered by CDIC (e.g. Alterna and motusbank) or they are 100% guaranteed by the Deposit Guarantee Corporation of Manitoba (Implicitly, Achieva, Hubert, Accelerate and Outlook).

Choosing an Online-Only Bank

Your choice of an online bank will depend on your banking needs. If you are looking to replace your traditional bank entirely i.e. move your savings, chequing, mortgage, investments, and more, Tangerine Bank stands out as the overall best. Simplii Financial also works well.

If you prefer to keep your current bank but want to take advantage of the superiorly better savings rates available out there, EQ Bank offers a great option with their high-interest Savings Plus account and unlimited free Interac e-Transfers.

Online Banks in Canada Summary

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Online Gambling Deposits & Withdrawals in Canada

Are you wondering how to deposit and fund an online gambling account in Canada?

Our guide covers all the ways to put money into an online gambling account, possible deposit problems you might encounter at gambling sites, and tips for resolving deposit issues quickly.

Where to Fund Your Online Gambling Accounts

These online betting sites have the top deposit methods for Canadian players to fund their account.

Types of Deposit Options

There are plenty of banking options that players have when they head to online gambling sites. Here are the most popular you will find.

Credit and Debit Cards

The most popular method for funding your account

Using a credit or debit card to fund your gambling account is the most popular and widespread method all over the world, which shouldn’t be all that surprising if you consider how popular brands like MasterCard, Visa, American Express or Discover are. Obviously, the size of your deposit can’t exceed your limit if you opt to use a credit card or the amount of money in your bank account if you go with a debit card, but otherwise, this method is very fast and completely safe.

Making a Visa or MasterCard deposit is simple, as all you have to do is provide the gambling site with your billing address, card number, expiration date, and Card Verification Value (CVV) code – unlike in the case of e-wallet transactions, you won’t be forced to sign up for any services available at third-party sites.

The catch here is that making a credit or debit card deposit may limit your withdrawal options to some extent, as you won’t be able to cash out this way; realistically, you’ll usually need to request a check by courier or a bank wire transfer to cash-out.

Nevertheless, credit and debit cards allow you to transfer massive amounts of money without being forced to pay any excessive fees, which makes using them the perfect solution if e-wallets are out of the question and if you want to claim a large bonus by making a big payment – just make sure your card has been cleared for international transactions before you attempt to use it.

What are the Most Popular Credit Cards for Online Gambling?

Bitcoin Gambling

Great for speed, higher limits and anonymity

Bitcoin is an open-source digital currency system, which was introduced in 2009 by an anonymous individual or group known only as Satoshi Nakamoto. Unlike the traditional fiat currencies, the system isn’t controlled by a single entity like a government or central bank – the entire network is completely decentralized, with individual users volunteering their computing power to execute and record network’s transactions. This means that nobody is capable of singlehandedly influencing it by adjusting the supply or exchange rates.

Another advantage of using bitcoins over fiat currencies is the fact that all the transactions are pretty much anonymous, as bitcoin users aren’t required to identify themselves by name or address. Furthermore, it is worth pointing out that while bitcoin started out as a rather gimmicky currency and wasn’t initially worth much, the total market capitalization of bitcoin exceeded $10 billion by the end of 2013 and the price of a single bitcoin totaled over $450 by April. Consequently, it should come as no surprise that further sub-units have been introduced to facilitate smaller transactions.

Trading your bitcoins for traditional currency, such as Canadian dollars, is as simple as visiting one of the numerous bitcoin exchange sites, but keep in mind that the specific exchange rates aren’t really fixed. Despite the fact that bitcoin isn’t accepted by banks, many well-established companies like TigerDirect, Virgin Galactic or Zynga have started accepting this form of currency over the past few years. Even better, many governments have taken a hands-off approach when it comes to regulating bitcoin transactions and mining, which means that bitcoin users probably won’t have to worry about any form of taxation in the foreseeable future.

E-Wallets

High speeds, low fees

E-wallet sites are very popular with online gamblers due to extremely high processing speeds and relatively low fees – usually, the casino, sportsbook or poker room will receive your money instantly, allowing you to start playing for real money almost as soon as you make the decision to deposit.

Nevertheless, e-wallet sites like Neteller or PayPal are very picky about the gambling sites and countries they deal with – consequently, if your region has stringent gambling laws, odds are high that this deposit method won’t be available to you.

For example, many Canadian online gambling sites will not accept PayPal, but search around and you might find one.

Another thing you should keep in mind is that some sites might offer additional bonuses for people who opt to make a deposit through an e-wallet, which can be as high as 20% of the amount of money you transfer. This is due to how easy e-wallet transactions are to process for gambling operators, allowing them to pass the savings onto the players.

Pros: Safest and most secure option to deposit and withdraw money. Easy to move money to different gambling sites.

Cons: Can take a few days to set up and confirm the account. E-wallets charge fees, usually a percentage of your deposit, to use their services.

What are the Most Popular Online Gambling E-wallets?

Prepaid Cards

Good for managing your bankroll

Prepaid cards are very similar to debit and credit cards, but allow you to go about funding your online gambling account in a more discreet manner. Most sites that accept regular credit/debit cards will also accept a prepaid Visa or MasterCard, so the entire process is as simple as acquiring a card, loading it with funds and making a deposit at the gambling site of your choice.

Unlike gift cards, prepaid cards can be reloaded both locally and online. A good example would be a Visa Prepaid Card, which can be loaded at any location sporting a Visa ReadyLink symbol.

You have to remember that some gambling sites won’t accept every prepaid on the market, so I’d advise contacting the support to confirm that the card you chose will work. Usually, the site’s staff can be contacted via e-mail, phone or even live chat, so that shouldn’t be much of an issue.

Furthermore, just like in the case of credit cards, you’ll want to make sure that your card has been cleared for online payments and international transactions, as domestic-only prepaid cards can’t be used to make a deposit on most gambling sites. Finally, don’t worry if your casino or poker room doesn’t list prepaid card as a separate payment option, as most sites simply include them in their credit/debit card subsection.

What are the Most Popular Online Gambling Prepaid Cards?

Cash Transfer

Reliable and popular

Money orders are very popular among Canadian gamblers, which shouldn’t be all that surprising considering they don’t have many deposit methods to choose from. The main advantage of making a payment via a Western Union or Moneygram® money order is how reliable and popular they are – you can’t go wrong with a company that has over 270,000 outlets all over the world and earns $5 billion every year.

Sending your money via a money order is slightly more complicated than using your credit card or e-wallet account, but I’ll use the Western Union example to walk you through the entire process.

First, you’ll have to create a Western Union account on the company’s website and register your credit card. Then, you’ll have to contact the gambling site’s support staff and ask them to give you the information necessary to make a Western Union payment. Once you’re done, go back to the Western Union site, pick “Send Money in Minutes” and complete the form using the information obtained from your casino or poker room.

Finally, write down the Money Transfer Control Number (MTCN) and send it back to your gambling site, which will confirm the transaction. You’ll have to wait a while for the money to go through, which usually shouldn’t take more than an hour. While this doesn’t take all that long, you have to remember that Western Union and Moneygram® payments usually require you to pay a fee, which makes them rather ill-suited for smaller deposits.

Alternatively, you can simply write down all the transfer information provided by the casino/poker room and visit your local Western Union/Moneygram® office to make a cash transfer, without the need for creating an online account or using a credit card to fund it. Just make sure to take a photo ID with you.

What are the Most Popular Online Gambling Cash Transfer Deposit Methods?

Internet Gambling Laws and Banking by Region

Below, you’ll find guides to banking and laws by region. As always, you should follow the laws in your local jurisdiction. As laws change frequently, be sure to consult a legal professional if you have any questions about the legality of online gambling in your area.

American players have to deal with strict gambling regulations, which means they can’t use e-wallets for gambling related transactions. This means that the most reliable method of making a deposit is to use a credit / prepaid card or a money order at a trusted US-facing gambling site. Cashing out is usually available only via check by courier or a bank wire transfer, and while both methods are extremely reliable, they also take quite a bit of time.

Canada

Canada isn’t as strict about gambling as the country’s southern neighbor, which means that Canadian players have access to e-wallet sites. Credit and debit cards can be used as well, though these are limited to deposits only in most online gambling venues.

Australia

Australia is yet another lenient country when it comes to online gambling. I’d advise using e-wallets or credit/debit cards for deposits and e-wallets for cashing out. Other methods are obviously also available, but why would you pay for a Western Union or Moneygram® money order when you can have the same service for free? Finally, Australians can use the POLi service, which basically allows you to use your bank account for instant internet banking.

New Zealand

Much like in the case of Australia, players in New Zealand should use a credit card or an e-wallet service for making their deposits, and an e-wallet service for processing withdrawals. What’s more, and again just like Australians, New Zealanders can take advantage of the POLi service if they don’t want to use their credit card.

South Africa

Most South African gambling sites prefer their customers to use Visa or MasterCard for making a deposit and traditional bank wire transfers for withdrawals, though some sites do allow South African residents to deposit and withdraw using e-wallets.

India

Indian players should usually stick to Skrill (Moneybookers) when depositing at India-accepted gambling sites, but credit cards and bank wire transfers should also be reliable with most India-facing sites. Just keep in mind that some Indian banks and credit cards don’t like their customers engaging in gambling-related transactions.

United Kingdom

The United Kingdom is a very gambling-friendly country, so most options listed in a casino or poker rooms cashier should be available there. In fact, some venues go as far as to support micropayments via your phone bill, as long as you are a resident of the UK. Nevertheless, I’d recommend using an e-wallet or a credit card for making deposits, and e-wallets for withdrawals due to low costs and high speed.

Possible Deposit Problems and How To Handle Them

Declined Credit/Debit/Prepaid Card

The site won't accept your card

Credit card transfers and deposits are often declined due to insufficient funds – basically, you won’t be able to exceed your credit limit or deposit more than you have in your bank account.

Nevertheless, if you’re sure that you have enough funds to make your payment, the first thing you should check is whether you’ve correctly entered your billing address and whether the address matches the one you used when signing up for your gambling site account.

Another solution would be to try a smaller deposit, as many banks restrict the amount of money you can send to online gambling sites. If that doesn’t work and you’ve tried using another card to no avail, you’ll have to contact your credit card company to solve this issue. Finally, make sure that your card has been cleared for online/international transactions.

Low Deposit Limit

Not being able to deposit as much as you want

Many gambling sites have restrictions in place on the maximum allowed deposit, which means that you won’t be able to pay more than a certain amount with a single transaction. Usually, this limit is set between $1,000 and $2,000, and unfortunately, there’s no way to circumvent it other than by making two or more payments.

If you’re a high roller and you’d like to deposit more, I’d advise looking for a site that doesn’t have any maximum deposit restrictions in place. Whether you’re from Europe, Asia or Canada, finding a reliable poker room, casino or a sportsbook that doesn’t force you to limit your payments shouldn’t be an issue.

However, if you’re planning to deposit big, make sure to check the withdrawal limits – larger bets usually mean bigger winnings, and there’s nothing more frustrating than having to wait five or six weeks before the entire cash out request has been processed by the site. Also, make sure to e-mail your casino or poker room of choice and ask if their maximum deposit limits can be raised; you’d be surprised how many of them will gladly comply.

Slow Deposit Processing

Deposit isn't showing up in your account

While most deposit methods are instant, which means that funds will be credited to your account the moment you confirm the transaction, some options will require you to wait for the money to go through. For example, a deposit made with a credit card will be finalized after being approved by your credit card company, while a bank wire transfer may take up to five business days.

What’s more, some methods take longer to process on the casino’s side. This kind of information should be accessible on the casino’s or poker room’s website, but if you have any doubts, you should contact customer support. The best way to avoid all these problems is to use an e-wallet to make your deposit if possible, which is almost always instant.

How to Cash Out – Withdrawing money from a gambling site

Hopefully, after you gamble online for a while, you’ll have some winnings to cash out. This part of our guide will teach you what you need to know about getting your winnings back to your bank account, where they belong.

Withdrawals in Gambling-Friendly Countries

Gambling-friendly countries like the United Kingdom make it very easy for players to withdraw their winnings, as e-wallet services like PayPal and Neteller are available to their residents. As a result, cashing out is safe, quick and generally painless – once your e-wallet account has been verified, you won’t be forced to wait for weeks before your money arrives.

Consequently, most sites won’t bother sending you a check by courier (though it is an option at some venues), however, if you want you can usually request a traditional bank wire transfer or even a Western Union or Moneygram® cash transfer if you used one of those services when making a deposit.

Withdrawals in Canada

Making withdrawals from online gambling sites in Canada are quite standard. You can usually use Visa and in some cases, MasterCard. Debit card transactions, including Interac, can also be used. E-wallets are getting more popular. Of course, there are some gambling sites that use Bitcoin, which is also getting more popular because of how quick it is.

Make sure you check your online gambling site in Canada for its withdrawal options, but Canadian players definitely have many at their disposal.

Payments Canada

Consumer Guides

Direct Deposit

The easy way to get paid electronically

Direct deposit is a fast, secure and convenient way to receive payments, an example of this is having your pay cheque deposited directly into your bank account.

How to sign up for direct deposit

Salaries and government payments are examples of payments commonly made through direct deposit.

To sign up for direct deposit, you'll need to give the payor your banking information. This information is like a GPS on the Canadian payments highway, and will guide each payment from the payor's account to yours.

Your banking information is usually found in the line of numbers printed across the bottom of your cheques.

If you don't have a cheque or if you need help, contact your financial institution. Let them know you're signing up for direct deposits and they'll give you the information you need.

The payor might also ask you for a void cheque. They do this to verify the accuracy of the information you provide to them. It's safe to give your payor a blank cheque for this purpose. But to protect against fraud, be sure you write "VOID" across the front of the cheque in ink, and don't sign it.

For Government of Canada payments, you can now sign up for direct deposit through many financial institutions. For more information, visit: Government of Canada Direct Deposit.

To learn more about direct deposits, check out Module 02 (Automated Funds Transfers) of our educational video series – the Learning Exchange.

Learn more about how Payments Canada and the payments ecosystem are coming together to support and deliver on the Canada Emergency Relief Benefit and Canada Emergency Wage Subsidy initiatives.

What happens if I change bank accounts?

You should inform each of your payors immediately if your banking information changes. Some financial institutions offer a service where they do this for you. If the changes are the result of a merger or closure, your financial institution might also contact your payors to inform them.

Once the funds are in my account, can a direct deposit be reversed?

Yes. Any errors in direct deposit can be corrected up to three (3) days after the funds are available to you.

Of course, our rules take into account the needs of consumers, businesses and financial institutions. You can refuse an error correction made to a direct deposit within 90 days, as set out in section 35 of Rule F1.

If you notice a suspicious reversal in your account, you should contact your payor for information. If you can't resolve the situation with the payor, and you believe that you are legally entitled to the funds, you can contact your financial institution. Your financial institution may be able to assist you by refusing the error correction. The funds will be withdrawn from the payor's account and returned to your account.

You can open yourself to legal action if you keep funds that don't belong to you.

I received a direct deposit in my account and I don't know what it's for, or who it's from. How can I find out?

Contact your financial institution so they can investigate.

What is a direct deposit?

Direct deposit is a method of payment where a paying party, such as an employer or government agency, electronically transfers a payment from its bank account into the bank account of the payee.

Direct deposit is a fast, safe and convenient way to receive payments, like having your pay cheque deposited directly into your bank account.

What are the benefits of direct deposit?

Receiving your payments by direct deposit offers many benefits. It allows you to access your money faster and is more convenient as your payment will not be delayed due to unforeseen circumstances such as bad weather. It is reliable and your payment will always be deposited on time in the bank account that you supply at the time of your enrolment in direct deposit. Direct deposit is secure because your payment cannot be lost or stolen.

What are some examples of direct deposit?

Salaries as well as provincial and federal government benefit disbursements or tax returns are examples of payments commonly made through direct deposit.

In the case of Government of Canada payments, you can receive payments such as your income tax refund, benefits and credits such as the Canada child benefit (CCB), the goods and services tax/harmonized sales tax (GST/HST) credit, Canada workers benefit (CWB), and provincial and territorial payments such as the Ontario Trillium Benefit (OTB). If you are eligible to receive it, you can also receive your Canada Emergency Response Benefit payments. For more information, visit: Government of Canada Direct Deposit.

Does direct deposit allow the payor to take money from my bank account?

No. When you enrol in direct deposit, you don't authorize the payor to withdraw money from your bank account. The information you provide can only be used to deposit money into your account.

Does using direct deposit mean the payor can monitor my bank account?

No. By enrolling in direct deposit, you don't give the payor permission to monitor your bank account. The information you provide for direct deposit is protected under the Privacy Act and access to your account is protected by your agreement with your financial institution.

Do I need a computer or Internet access to use direct deposit?

No. You can enrol in and use direct deposit without a computer or Internet access.

For more information, contact your financial institution. Let them know you're signing up for direct deposit and they'll give you the information you need.

Once you've enroled, you can continue to use your financial institution as you normally would: in person, at an ATM, online or over the phone.

I was asked to provide a void cheque in support of a direct deposit request, why?

A payor might also ask you for a void cheque. They do this to verify the accuracy of the information you provide to them. It's safe to give your payor a blank cheque for this purpose. But to protect against fraud, be sure you write "VOID" across the front of the cheque in ink, and don't sign it.

If you don't have a cheque or if you need help, contact your financial institution. Let them know you're signing up for direct deposit and they'll give you the information you need. Alternatively, many online banking services provide account holders with direct deposit information that you can provide to the payor, including a form you can download and use in place of a void cheque.

Canadian Poker Deposit Methods 2021

RBC or TD Visa Card Blocked / Declined For Poker Deposits? This Article Shows You The Different Options Available For Canadians Looking To Make Poker Deposits – And Lists The Easiest Sites To Deposit At.

Canada Poker Deposit Methods – Credit / Bank Cards + Notes On TD Visa Declines

Both Visa and MasterCard are accepted at all poker sites nowadays. Most players can still deposit using their with no problems – and this is the fastest way to get money onto poker sites.

If you insist on cards, then getting one from another bank will do the trick. You can also buy prepaid Visa cards, I advise you to check with your poker site which are working before you buy.

Canadian Poker Site Deposit Methods – eWallets, The Perfect Work-Around

Here are my recommendations:

Canadian Poker Site Deposits - Interac Poker Deposits

Canadian Poker Deposit Options – Bank Transfers

Here are the types of bank transfer deposit method currently available to Canadian players:

Canadian Poker Deposit Options - Bitcoin

The sites which welcome Bitcoin are mostly the offshore US friendly operators (think ACR Poker and BetOnline). NetBet on the iPoker Network do accept these now.

Bitcoin deposits are becoming more popular, you can find out more in my detailed Guide to Bitcoin Poker Deposits.

Canadian Poker Deposit Options – Mark’s Conclusion + The Best Sites For Easy Deposits And Speedy Cash-outs

When it comes to speed and simplicity (as well as big-brand trust) I have one strong recommendation:

Fastest And Smoothest CA Deposits - 888 Poker:

Check out 888Poker.com now to see those fishy games and grab your $88 new player bonus!

More Articles Covering Poker Site Deposits

- US Poker Deposits Guide (Still not easy, but there are now some reliable methods getting established)

- PayPal Poker Sites Guide (not for Canadian's I'm afraid)

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