Ontario Instadebit Sports Betting & Casino Sites 2024

Although Interac has become the most popular Ontario online gambling payment method, Instadebit continues to have a loyal following of players within the newly regulated marketplace of legal Ontario sportsbooks and online casinos. However, only one major Ontario betting brand continues to offer Instadebit, as other bank debit methods, like Trustly have stated to take market share. Instadebit is a quasi e-wallet solution which facilitates quick and secure payments to online sportsbooks & casinos, 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 very simple, as you do not need to wait for full account verification to make your first deposit via Instadebit, as long as you have access to your personal online bank account, and know the last four digits of your Social Insurance Number (SIN). 

Is Instadebit a debit solution or an e-wallet?

Instadebit themselves say that they are not an e-wallet. This is true in the traditional sense of what an e-wallet is, but Instadebit is also not simply a bank debit solution. With an e-wallet, you pay into it from a base funding source, then your money is held in the e-wallet for use at various merchants, including perhaps at online gambling operators.   

When you make a payment to a casino or betting site via Instadebit, they never hold your payment, but rather act as a secure conduit, or pathway for your funds toward the end merchant.  They securely facilitate your ability to validate a payment directly from your online bank account, to the gambling site in question. Since Instadebit does not hold 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 of their ability to hold withdrawals as processed from their merchants (the gambling sites) to your Instadebit account.  Once a withdrawal lands in your Instadebit account, you may then transfer funds back to your original bank account, or you may use these funds in your Instadebit account to make deposits to other Ontario online sportsbooks or casinos.  So although 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 Ontario banks support Instadebit?

Instadebit will work with personal bank accounts at essentially every financial institution in Ontario. 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 Ontario?

If you deposit to a sportsbook or casino site, Instadebit charges a $1.95 fee. When you withdraw funds from your Instadebit account to your bank account, Instadebit subtracts their $2 fee from the withdrawn balance. Very reasonable.

How fast do deposits land at a gambling site with Instadebit?

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

How long do withdrawals take with Instadebit in Ontario?

When you withdraw funds from your gambling site account via Instadebit, expect to wait three business days for the funds to land in your Instadebit account. When you then 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 hurdles within our national banking system and land in your account.

Instadebit limits: why you should verify your account

All Instadebit transaction limits start at a fairly 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, less than a dollar. You then simply verify this figure to them.

What are Instadebit's maximum deposit and withdrawal limits in Ontario?

If you make a payment to a gambling site, 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 have limits in the $2,500 range.  If you intend to engage in high-stakes wagering and play, Instadebit can be a very good, secure and economical way to move money to and from your gambling sites of choice. Here are the Instadebit transaction limits for our recommended operators as of September 2, 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 full number

Your bank securely holds your entire nine-digit Social Insurance Number (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. So do not ever disclose your full SIN in any interactions with Instadebit or their customer support team.

How does Instadebit compare to iDebit in Ontario?

Instadebit and iDebit work in the same sort of way. They facilitate direct online bank transfers as deposits to your supporting gambling site of choice. Their respective customer 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 Ontario gambling sites. Here are the three key differences:

1) Generally, 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 transact, Instadebit has a higher capacity at our recommended operators.

2) Compared to several years ago and the time of the former "grey market", there are far fewer Ontario gambling sites now that support Instadebit as compared to iDebit. We now only have three recommended brands that offer Instadebit in Ontario, but more operators still offer iDebit, both on the sportsbook and casino side of things.

3) Instadebit is superior to iDebit in terms of the number of financial institutions that they work with. iDebit only works for people that have personal accounts at nine of the largest banks in the province. If you are with a bank or credit union outside of this group, iDebit won't work for you. However, Instadebit works with personal accounts with essentially all financial institutions in Ontario.

Does bet365 Ontario accept Instadebit?

Yes. bet365 has supported Instadebit for deposits and withdrawals for years, and bet365 Ontario now supports it with the legal market. They support the largest transactions we have seen via Instadebit.

Does Sports Interaction Ontario accept Instadebit?

No. This home-grown online sportsbook & casino option, now legal in Ontario, no longer supports Instadebit payments.

Does Betsafe accept Instadebit?

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

Does Betway Ontario accept Instadebit?

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

Does BetVictor Ontario accept Instadebit?

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

Go to top of page