Methods
Times are counted from the moment the casino approves your withdrawal, and vary by site and bank.
| Method | Deposit | Withdrawal | Typical fees |
|---|---|---|---|
| Interac | Instant | 0–2 days | No casino fee, sometimes a bank fee |
| Visa / Mastercard debit | Instant | 1–3 days | Usually none |
| Credit card | Bank dependent | Often not possible | May be a cash advance with interest |
| E-wallets (PayPal and others) | Instant | 0–1 day | Depends on the wallet |
| Bank transfer | 1–3 days | 2–5 days | Possible bank fees |
Interac
Interac is the Canadian banks' payment network. At online casinos you'll see Interac e-Transfer, sent from your banking app, and Interac Online style bank log-ins during checkout. Either way, the casino never sees your banking credentials.
Use the same bank account to deposit and withdraw. Casinos usually pay back to the method you deposited with, and a new account can trigger extra checks.
Credit cards
Several Canadian banks block credit card payments to gambling sites, or treat them as a cash advance, with interest from day one and a flat fee. Gambling with borrowed money is also one of the main warning signs of problem gambling. Use Interac or debit instead.
How a withdrawal works
- RequestPick the amount and method in your account.
- PendingThe casino reviews it, from minutes to around 48 hours.
- ID check if neededOn your first withdrawal or for large amounts.
- SentThe money leaves for your bank or wallet.
- ReceivedFrom minutes to a few business days, depending on the method.
ID checks
Legal sites must confirm your identity and age and follow Canada's anti-money-laundering rules. Expect a photo ID, proof of address and, for large amounts, proof of where the money came from. Do it at sign-up and your first withdrawal will be faster.
Upload documents only through your account's secure area. A casino will never ask for your online banking password.
Winnings and tax
For recreational players, gambling winnings are not taxable in Canada and do not need to be reported. Income those winnings later generate, such as interest, is taxable. If you gamble as an organized, professional activity, the Canada Revenue Agency may treat winnings as business income.