How Do eCheck Transfers Work?
eChecks work in a similar way to paper checks. The “e” stands for electronic – it’s all done online.
eCheck writer (you) writes the electronic check and transfers the electronic check to the payee online. The receiver of the payment automatically “deposits” the eCheck, receives credit and the receiver’s bank clears the payment. After this, your bank checks you’re good for the payment and charges your account for the amount you want to pay.
eCheck is a digitalized version of the good old paper check. While traditional checks lose in popularity each passing day, electronic checks have the opposite momentum completely. The reason is simple, as eCheck is faster, cheaper and more efficient way for money transfers than paper checks.
How Fast Are eCheck Transfers?
It depends on the provider, but generally, you’ll get your transfer through in 2-5 business days. Remember we’re counting out weekends and holidays here, so it’s not instant, but it is efficient and reliable.
As we’re dealing with banks, things tend to move a bit slow to keep things as reliable as possible. First, your bank verifies your transfer to an eCheck casino within 24-48 hours, and if you’re good for the money you’re trying to transfer, things move forward to the recipient’s bank. If you lack funds for the transfer, your eCheck gets bounced as if a traditional check would.
Lately, the eCheck clearance has seen a bit of acceleration regarding processing. It’s fair to say now that it is beating paper checks in transaction time, just like an electronic transfer should. However, it still depends on your provider and the recipient’s bank on how long the process will take. Five days is the absolute maximum, but three days is quite common these days – and even two is attainable.
Which Canadian Casinos Accept eCheck?
PartyCasino, Spin Palace, and Royal Vegas are some of the best eCheck-accepting casinos online. You can find a comprehensive list of reliable casinos on this page.
You might’ve seen some of the casino outfits on TV. They’re really locked in on the Canadian market, and to support their Canadian players, they need to have eCheck transfer in their arsenal.
PartyCasino is one of the best overall online casinos out there. As you can read from our PartyCasino review, they’ve got a boatload of payment methods to choose from. 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 been 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.
You can find all the best electronic check casinos from the top of this page. We update the list constantly to stay ahead of the game, and give you the best service possible.
Can I Withdraw From Casinos With eCheck?
Absolutely. All the online casinos that accept eCheck also support withdrawing with it. There’s just one thing you need to remember.
A large portion of the casinos are Malta-based, and for AML (anti-money laundering) reasons they require you to withdraw with the same method as you’ve deposited. So when you plan on withdrawing with eCheck, make sure you’ve also made your initial deposit using an electronic check.
Actually, you only need to withdraw the amount you’ve deposited with the same payment method. For example, if you’ve put in $200 and you win $500, you can withdraw the $200 by using eCheck and $300 with any withdrawal method you wish.
Do Electronic Check Transfers Qualify for Casino Bonuses?
Yes they do. At the top eCheck-accepting casinos, you’ll get bonuses credit as well.
Welcome, reload and free spins bonuses are in most cases available for electronic check depositing customers. You only see restrictions on offers when you deposit with e-wallets like Neteller and Skrill.
With electronic checks, you don’t have restrictions to worry about. Sure, the transfer does take a bit of time to go through unlike e-wallets where the transfers are instant, but you’ll get credited a full bonus when you deposit to an eCheck casino.