Depositing money at an online betting site can be a headache, even in Canada where online sports betting is not illegal.
Since most banks won’t allow you to use your credit card to fund accounts at gambling sites (there’s a way to get around this, by the way), you’re often forced to use other options, most of which you’ve never used before.
Fortunately, most of those sportsbook deposit methods are relatively easy to use, especially once you’ve set them up and become familiar with them. No funding method is easier and more convenient than InstaDebit, an intermediary between your bank account and sportsbook account.
In this article, we’ll explain the five simple steps to making your first Instadebit Bet365 deposit.
How To Make A Instadebit Bet365 Deposit
It shouldn’t take you more than an hour to sign up at Bet365, set up your account, make your Instadebit deposit and start betting. You can read about the five-step process below, or simply view the video at the end of the article.
Let’s get started.
1. Sign up at Bet365
If you haven’t already signed up at Bet365, now’s the time. They’re a favourite book of many Canadians due to their generous signup bonus (here’s how to cash in on that), loyalty rewards program, good odds and amazing live betting menu.
Head over to Bet365.com, click on “join now” in the top-right corner of the screen and fill out the form. You’ll be asked for your legal name, birthday, address and contact information, and you’ll have the choice of your Username, Password and notification preferences.
Since Bet365 follows Know Your Customer (KYC) protocol in order to comply with regulatory requirements and ensure player security, you’ll need to confirm your identity at a later time before you can make your first withdrawal.
2. Sign up at www.Instadebit.com
Signing up at Instadebit is a three-step process for Canadians.
First, you give your name and email address, choose your password and list your postal code.
Then you input your address, the last 4 digits of your Social Insurance Number (so they can confirm you are who you say you are) and your date of birth.
Finally, you give some bank account details to set up direct deposit and withdrawals: your Branch Transit number, Institution number and Account number. The Instadebit signup page has a graphic that shows you how to find all 3 of those numbers on a standard cheque.
Once you’ve completed this step, you’ll receive an email that confirms your successful signup and tells you how to use Instadebit. It also informs you of the temporary 7-day transaction limit that was immediately applied to your account, which allows you to start using Instadebit immediately. When we signed up, our 7-day transaction limit was $3,000.
In order to increase your transaction limit, you’ll need to verify your bank account. When you sign up at Instadebit, they’ll deposit a small amount (under $2) into your bank account. Once this amount shows up in your bank account (usually a few days later), tell Instadebit the exact figure they put in your bank account and your account will be verified.
3. Log into your Bet365 account and select Instadebit as a deposit option
Log in to your new Bet365 account, go to Deposit options and select Instadebit.
Then input the amount you want to deposit and click ‘Make Deposit’. (The minimum Instadebit deposit at Bet365 is $20, a minimum also used by most other sportsbooks.)
You won’t need to enter anything in the ‘Offer Code’ box in order to capitalize on your signup bonus, but you might have codes to use for future Instadebit deposits since Bet365 routinely offers loyalty bonuses to its players.
Here’s how your screen should look at this point:
4. Log into your Instadebit account and approve your payment
When you click ‘Make Deposit’ while making your Instadebit Bet365 deposit, you’ll be taken directly to your Instadebit account. Once you log in using your email address and password, you’ll be asked to approve the payment.
The page will also list the fee, which is $1.95 Canadian regardless of how much you deposit. If you’re depositing $200 to get the maximum Bet365 sign up bonus of $200, that fee is about 0.5% of your total transaction!
5. Confirm your Instadebit Bet365 deposit has gone through
After you approve the payment at Instadebit, you’ll be automatically returned to Bet365.
Within seconds of you approving the payment, your deposit should be credited to your account. You will also be emailed a receipt detailing the merchant you deposited at (Bet365 in this case), the subtotal, the fee, the total charge to your account and your daily remaining limit.
Congratulations, you’ve now completed an Instadebit Bet365 deposit and are ready to start betting at Bet365! Good luck!