Instadebit Betting Sites & Sportsbooks Canada 2024

While Interac has gained traction to become the main online Canadian sports betting account funding method, Instadebit still has a loyal following of players and sportsbook merchants. Instadebit is a Canadian quasi e-wallet solution that allows people to make quick and secure payments to online gaming operators, while also providing a way to withdraw and hold funds from those same operators. Instadebit does this by essentially making online cheque payments. Getting started is super easy, as you do not need to wait for full account verification to make your first payment via Instadebit, as long as you have access to your online Canadian bank account, and know the last four digits of your Social Insurance Number (SIN). 

Is Instadebit an e-wallet or a debit solution?

Technically, Instadebit is not an e-wallet in a traditional sense, but it is also not simply a bank debit solution. With an e-wallet, you technically pay into it from a base funding source, then your money sits in the e-wallet for use at various merchants, potentially including gambling sites.   

When you make a payment to a casino or betting site via Instadebit, they essentially act as a secure conduit, or pathway, that simply and securely facilitates your ability to validate a payment directly from your online bank account, to the gaming site in question. Instadebit never holds your funds on the way to the merchant itself. This is why they are not technically an e-wallet.

However, Instadebit can "feel like" an e-wallet because it does hold withdrawals or refunds as processed or requested by you from their merchants (the gaming sites) in your Instadebit account.  Once a withdrawal lands in your Instadebit account, you may then transfer the funds back to your bank account, or you may use these funds in your Instadebit account to make deposits or purchases at their merchant partners: other sportsbooks, casinos or retailers. So while Instadebit is not technically an e-wallet in a traditional sense, it very much acts as one, and it comes with very low fees.

Which Canadian banks support Instadebit?

Instadebit will work with personal bank accounts at essentially every financial institution in Canada. This includes the large national bank chains, regional banks, online-only banks and credit unions.

What are the fees to use Instadebit at sportsbooks & casinos in Canada?

When you deposit to a merchant, Instadebit charges a $1.95 fee. When you withdraw funds from your Instadebit account to your bank account, Instadebit subtracts their $2 fee. Very reasonable.

How fast do deposits land at a sportsbook or casino with Instadebit?

It is essentially instant. Once you confirm your payment, the funds will be in your gaming account within seconds, on most occasions. In some rare cases, it may be a few minutes.

How long do withdrawals take with Instadebit?

When you withdraw funds from your sportsbook via Instadebit, expect to wait three business days for the funds to land in your Instadebit account. When you look to withdraw funds from your Instadebit account back to your bank account, it can take between one and five business days to clear the Canadian banking system and land in your account.

Instadebit limits & why you should verify your account

All Instadebit transaction limits start at a very low level. Once you verify your account, your payment limits will be increased. Instadebit does this by making a very small deposit into your bank account, you then simply verify this figure to them.

What are Instadebit's maximum deposit and withdrawal limits?

Both when you make a payment to a sportsbook, or request a withdrawal, the highest limits we have seen with Instadebit are for $20,000 per transaction.  Not all online gambling providers have Instadebit limits at this elevated level. Some operators that we have found have limits in the $2,500 range, which is on the low side.  If you intend to engage in higher-stakes wagering and play, Instadebit can be a very good, secure and economical way to move money to and from your betting sites of choice. Here are the Instadebit transaction limits for our recommended operators as of August 22, 2023:

bet365 allows Instadebit deposits or withdrawals up to $20,000.

Sports Interaction allows Instadebit deposits up to $10,000. 

Instadebit only uses the last four digits of your SIN, never the entire number

Your bank securely holds your full nine-digit Canadian Social Insurance Number or SIN.  Instadebit will prompt you for the last four digits of your SIN when confirming your payments as part of their service. They cross-check this input of yours against the figures on record with the online bank account that you are signing on with for your payment.  This is used as a second factor of verification beyond your basic bank login credentials.  However, Instadebit should never ask you for your FULL Social Insurance Number. Never disclose your full SIN in any interactions with Instadebit or their customer support team.

How does Instadebit compare to iDebit?

Essentially, Instadebit and iDebit work in the same way. They facilitate direct online bank transfers as deposits to your supporting gambling site of choice. Their accounts also allow you to withdraw funds back from your player account, so that you can forward funds to your bank account, or make payments to other supporting merchants or gaming sites. We've found that there are three key differences:

1) In general, Instadebit can facilitate larger individual transactions compared to iDebit. For most people, this won't matter much, but for high-stakes players dealing with five-figure sums to deposit or withdraw, Instadebit has a higher capacity for larger transactions at our recommended operators. Edge: Instadebit

2) Compared to several years ago, there are far fewer offshore gambling sites for Canada that support Instadebit as compared to iDebit. We now only have three recommended brands that offer Instadebit, but more operators still offer iDebit, both on the sportsbook and casino side of things. Edge: iDebit

3) Instadebit has the edge over iDebit in terms of the number of financial institutions that they work with. iDebit works for people that have personal accounts at what are essentially the largest nine banks in Canada. If you are with a bank outside of this group, or with a credit union, iDebit won't work for you. However, Instadebit works with personal accounts with essentially all financial institutions in Canada, including regional banks and credit unions. Edge: Instadebit

Does bet365 accept Instadebit?

Yes. bet365 has supported Instadebit for deposits and withdrawals for years, and has supported the highest transaction limits we have seen for this popular Canadian sportsbook payment method.

Does Sports Interaction accept Instadebit?

Yes. Canada's home-grown online sportsbook, Sports Interaction, regulated locally from Kahnawake, has supported Instadebit payments for over a decade.

Does Betsafe accept Instadebit?

No, Betsafe does not support Instadebit. Instead, they support Interac, cards, MuchBetter and LuxonPay.

Does Betway accept Instadebit?

No. Betway no longer supports Instadebit payments, though they do still support both iDebit, Interac and Apple Pay among others.

Does BetVictor accept Instadebit?

No. BetVictor does not support Instadebit deposits. They support cards and Interac for deposits.

Does Unibet Canada accept Instadebit?

No. Unibet accepts debit & credit cards, Interac, ApplePay, MuchBetter and Payz.

Instadebit online casinos & bonus offers

New player offers are always one per customer. So if you prefer to start in the online casino, have a look at our casino reviews for each of bet365, Sports Interaction and ComeOn!. You'll be able to bank via Instadebit and choose to play from a wide array of online casino games.

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