Account Setup: < 5 Minutes (Signup is Optional)
Availability of Funds: Instant
What is iDebit?
iDebit enables you to make a sports betting deposit directly from your online banking account. It’s one of the fastest and cheapest deposit methods for Canadians.
How does iDebit work?
iDebit is like InstaDebit in that it basically serves as an intermediary between your bank account and the merchant (in this case, sports betting site). However, iDebit does not require you to share your banking credentials with anyone. In other words, it’s like Interac, except you’re using it online instead of at the gas station or the mall.
You don’t even need to sign up for an account, since you have the option to check out as a guest. Payments are completed in real time, so you can begin betting with your sportsbook account as soon as you send the money.
Which Sports Betting Sites Accept iDebit?
The current list of online sportsbooks that take iDebit is below. If iDebit was offered by more sportsbooks it would become one of the most popular deposit methods for Canadians.
Best iDebit Sportsbooks
|100% bonus up to $250||Betway offers a huge 100% signup bonus for Canadians. Proline players should consider this sportsbook for better odds and great betting interface on mobile devices.||ReviewBet Now »|
|Best Odds (No Bonus)||The best online sportsbook odds. No sportsbook pays faster. No sign up bonus though.||ReviewBet Now »|
|100% up to $125||The only sportsbook licensed and located in Canada.||ReviewBet Now »|
|See website. T&Cs apply. 18+||As Canadians, Bet365 is one of our favourite sportsbooks.||ReviewBet Now »|
Is iDebit safe?
Yes, we consider iDebit very safe to use. Your banking credentials stay securely between you and your bank, so no personal information is shared with the merchant or iDebit.
What are iDebit fees?
It costs less than $2 to use iDebit to send money from your online bank account, and it’s free to send money from your iDebit balance. It is also free to withdraw from a merchant to your iDebit account.
How do I set up an account?
iDebit does not require you to pre-register for an account, giving you the option to check out as a guest. This allows you to begin using iDebit immediately. The only thing you’ll have to do is provide your date of birth, in order to verify your identity and ensure iDebit does not allow use by persons under the age of 18. iDebit is compatible with all the major Canadian banks.
What are iDebit limits?
Maximum iDebit deposits at Pinnacle Sports and Bet365 are $3,000. Basically, if you’ve got the money in your online bank account, iDebit will allow you to send it. One thing to keep in mind, however: you cannot split payments between different bank accounts for one transaction.
Withdrawing funds from your iDebit account is easy, though you will need to provide additional information (bank account information) if you are withdrawing funds for the first time. Funds should reach your bank account within a maximum of five business days, and cheques/money orders will be mailed within 1-2 business days.
iDebit Account Currencies
You can send and receive money through iDebit in many different currencies, including Canadian. If you need to convert currency for deposits and payments, you will be charged the day’s exchange rates established by iDebit, which includes a premium to compensate for currency risk involved in the provision of the service.
The Bottom Line…
Fast, easy and cheap – all strong features to look for in a sportsbook deposit method. iDebit has a lot going for it, we just wish more sportsbooks offered it as a deposit method for Canadians.
If you have any more questions, iDebit has an informative FAQ section that may answer them.