The “e” in eChecks stands for electronic. The checks work exactly the same as paper checks, except everything is done online. Because the whole transaction is handled online, using eChecks for transferring money is both simple and fast. Your transfers are safe and secure too, thanks to the high safety levels of the Canadian banking system.
At its core eCheck is merely a digitalized version of the good old paper check. While traditional checks lose in popularity each passing day, electronic checks are becoming more popular. No need to wonder why, as eCheck is faster, cheaper and more efficient way for money transfers than paper checks.
Here we concentrate on how to use eChecks for online casino deposits. For more in-depth information about the system’s workings, check out this explanation of how eChecks work. You’ll find out all the lovely details about Automated Clearing Houses (ACH) and other invisible-to-us machinery that makes the whole system run.
eChecks And Canadian Gambling
eChecks are one of the preferred deposit and withdrawal methods of online gambling operators. You can use eCheck deposits to transfer money from your bank account to your casino account and play anything you like. Play real-money slots, blackjack, roulette … or even bet on sports or play online poker.
As a gambler you get to enjoy hefty benefits by using eCheck deposits:
- Deposit directly from your bank account
- Online gambling without the need for bank card like Visa or MasterCard
- Withdraw winnings directly to your bank account
- Play anything for real money: slots, casino games, poker, bingo…
- High deposit limits
- Safe and secure money transfers
The only downside of this deposit method is that, compared to bank cards or Interac, it’s not very common at Canadian gambling sites. We’ll get back to that in a second, but first, let’s take a look at each of the benefits.
Note that when it comes to ach processing fees and other expenses, casinos take care of that nonsense. Using eChecks for either depositing or cashing out is free at gambling sites.
Using eChecks for Online Casino Deposits
Depositing couldn’t really be simpler. Just follow these steps:
- Sign up at a casino (one listed above)
- Fill in all the info requested for when you sign up
- Confirm your registration either via email or SMS text message
- Login and go to the cashier of the casino
- Choose eCheck casino deposit
- Enter how much you’d like to deposit
- Follow any extra instructions
- You’re ready to gamble!
These steps take less than 3 minutes to get through.
While eCheck isn’t the fastest way of transferring money between people or businesses, it’s instant when it comes to online gambling.
Usually, things don’t move all that fast with eChecks. First, your bank verifies your transfer to a casino within 24-48 hours. If you’re good for the money, you’re transferring things move forward to the recipient’s bank. If you lack funds for the transfer, your eCheck gets bounced like a traditional check would. All this takes 3-5 days.
There’s good news though. Your gambling site doesn’t keep you waiting for 3-5 days before you can start playing for real Canadian dollars. Instead, it shows the funds as “unverified” on your account, and you can start playing. This method is used by many long-time Canadian Microgaming casinos especially.
While your funds are in unverified status, you have limitations on what you can do. You can’t, for example, withdraw your winnings until your eCheck casino deposit has found it’s way to the casino’s bank account.
Withdrawing Winnings by eCheck
Withdrawing using an eCheck transfer is straightforward. Go to the casino’s cashier, request a withdrawal and follow the instructions. Basically making a withdrawal is similar to making a deposit, except slower.
What slows this process down is that before you get your money, the casino needs to check your identity. This is a legal requirement of online casinos. Most new casinos have a simple form to fill for this, plus you need to send a picture (just take a photo with your mobile phone, no scanner required) of some proof of identity.
Casinos don’t do this ID check to be finicky about your withdrawal. It’s a legal requirement for them, dictated by their jurisdiction (Malta or Kahnawake most often). What the limit is for this ID step depends on the governing authority, but most often it’s cashing out more than 300 Canadian dollars.
After the casino has gone through the ID part and some other rules & regulations stuff (like making sure all bonus rules were followed ok), they send you your eCheck. After the sending and receiving bank deal with it for 3-5 days you’ll finally have your not-so-hard-earned money!
Casino Deposit Limits
Casinos have limits for eCheck deposits. The limits are two-fold: how often and how much you can deposit.
Here are some typical eCheck deposit limits:
- eCheck maximum deposit: $2000
- eCheck minimum deposit: $20
- Maximum cash out: no limit
- Number of deposits per 24h: 2
- Limits negotiable: Yes
Everything is negotiable. After making a successful eCheck deposit at an online casino, you can ask for higher limits. Every site is more than happy to lift your limits at this time. Typically Canadians can expect the site to agree to a maximum deposit sum to be at least $10,000. These ultra-high limits make eCheck the deposit method of choice for highrollers, who couldn’t use something like PaySafeCard with its limit of a few hundred dollars.
Cashing out is not limited by choosing an eCheck to cash out. However, note most casinos have weekly or monthly maximums for taking out money. Most often you can cash out $20,000 – $50,000 per week. Then you get the sum weekly until you’ve received everything. The reason for these limits is to keep the casino in business. A big winner taking out all at once could cause severe short-term liquidity problems for the gambling business.
Canadian Casinos Accepting eChecks
There aren’t that many online casinos that accept eCheck deposits. This is quite the surprise considering how excellent eChecks are for online gambling.
Mainly your choice is between three Microgaming casinos (Jackpot City, Royal Vegas and Spin Palace) and Party Casino. All three are long-time Canadian favourites.
You might’ve seen some of these four casino outfits on TV. They’re locked in on the Canadian market, and to support their Canadian players, they need to have eCheck transfer in their arsenal.
Out of the bunch, PartyCasino is our choice. It’s one of the best overall online casinos out there. As you can read from our PartyCasino bonus review, you’ll receive excellent bonuses (and free spins!) when you sign up there. They serve Canadians well and have top-notch bonuses, great selection of slots, and to top it off they’ve got plenty of live dealer games.
In addition to PartyCasino, Spin Palace and Royal Vegas are two other very qualified eCheck-accepting casinos. These two Microgaming casinos have stayed in the business for 15+ years and have an excellent reputation among gamers. Thanks to them running on Microgaming software, you’ll find more than 500 top-notch slot games at both sites.
New eCheck Casinos
Where are all the new electronic check casinos? The surprising answer is that they’re nowhere. Only the above listed four old-timers support eCheck deposits.
The reason for the lack of casinos that accept deposits using check is Interac. Using Interac pretty much reaps all the good stuff of online check transfers while making the negatives smaller. That’s why the best new casinos like Leo Vegas and Rizk only have Interac (and Visa/Mastercard) options for their Canadian customers.
Here’s Interac accepting casinos just in case you’re curious. The list isn’t identical to the one above, so check it out for more gambling sites where you can deposit directly from your bank account.
Bonuses at Online Casinos
Using eCheck guarantees you the best bonuses at the casino. Gambling sites limit the most generous promotions for specific deposit methods, and eCheck is on this list that always gets the best of everything.
Casino’s love eChecks because they’re cheap and easy to process for them. Because they’re so simple, they wouldn’t mind at all if all their Canadian customers used checks to deposit, so they always hand out the maximum welcome bonuses to players who choose this banking method.
Some casinos even hand out free spins offers on top of their real-money bonuses. These highly desirable offers come and go quickly, so check the linked list if you’re curious what’s available right now in 2018.
Why would I use eCheck instead of, say, PayPal?
Because Canada-based players can’t use PayPal for gambling transactions. PayPal has an odd gambling policy, which means that gamblers in the UK and Sweden get to make PayPal casino deposits. However, in Canada PayPal is not available, so for your roulette fix, you need some other banking method.
Does Zodiac Casino accept eCheck deposits?
Amazingly enough, the answer is no. Zodiac Casino is hugely popular here in Canada, but it doesn’t accept eCheck deposits. Fear not though. As you can see on our Zodiac Casino page, they support a huge range of Canada-friendly banking options.
Does Betway accept eCheck deposits?
Nope. Many players get confused by this one. Betway used to accept them for poker, betting and casino, but has now moved on to other deposit methods. For Canadian customers, the best way to deposit at Betway is to open up your wallet and grab your trusty Visa or Mastercard.