Things You Need to Know About Banking with Online


In terms of gambling, Canada has evolved impressively quicker than any other country. This means there is a massive market for online gamblers as new brands are being established almost on a daily basis. Although this may seem unreal to some, it also raises red flags for others. Legally speaking, online casinos need to be licensed and regulated, and the most trusted online Canadian casinos are regulated under the reputable gambling authorities, however, there are the few that have not been legalised and are fraudulent with the aim of not paying out winnings. This is why it is the player’s responsibility to ensure they have signed up with a legal online casino or they risk losing substantial amounts of cash. Here is what you need to know about banking with online Canadian casinos.

Determining Authenticity

By choosing a legal online casino, you have taken the first step of ensuring your hard-earned cash is safe and secured when depositing, withdrawing or transacting funds from a casino account to your preferred method of payment. The way in which to determine the authenticity of the casino lies within finding the license number, eCogra registration symbol or a stamp of approval by governing bodies. All of the above information can be found at the footer of the site on most online casinos. An alternative is researching the casino and determining through reviews whether or not the casino is a legitimate one. Although this method can become an incredibly time-consuming feat, it is also the most reliable method when in doubt.

Encryption Technology

Many online casinos confirm their authenticity through a display of the latest SSL encryption technology which is designed to protect and secure users’ personal data. This data is used in turn by the casino to confirm if the players are who they say they are as well as pay-out winners into their personal accounts. Any third-party surveillance is prohibited though SSL encryption and it has become one of the tell-tale signs of the legitimacy of an online casino.

Choosing a Banking Method

Something else to take into consideration is the banking method you select to deposit cash your casino account as well as the withdrawal method. Different accounts require different amounts of time in order for a payment to be processed. Choosing an ideal method will ensure transactions is processed speedily as it also enforces legal online transactions. Top Canadian online casinos use Interac Online or e-Transfer, eCheck, iDebit or Instadebit.

Another advantage of using renowned payment options is that users can actually determine whether or not a site is legally registered. Only legitimate online casinos facilitate trusted payment methods and often display them on their homepage. You can also find this information on FAQ’s of the casino as well as the payment and deposit option list.

Wagering Requirements

Before cashing out or even making an initial deposit method, be sure to check the wagering requirements before transacting any real cash. The reason for this is many only casinos require players to make a number of deposits before being able to withdraw any winning earned using a welcome bonus code or voucher. The terms and conditions are normally stimulated on the sign up bonus page and players would do well to read these before applying to withdraw, deposit or generally bank with an online casino.

In Conclusion

Essentially players can determine the quality, legitimacy and legalities of online casinos through their banking options. Canadian players aren’t in as much peril as outside players as most online Canadian casinos are legitimate. The country has strict laws pertaining toward this and as a result far and few are illegally operated. However, we can never be too safe and secure when dealing with real cash. Be sure to check the financial areas of online casinos before making any deposits or attempting to withdraw cash.

Otherwise, Canadian online casinos offer the best gaming selection for any legendary gaming enthusiast. Be sure you don’t miss out on a golden opportunity to win real cash through real online casinos.