15 Apr

How to Pay for Online Gambling with RBC Bank in 2022

RBC Visa Gambling Online: Fail-Safe Ways to Pay w/ Your Bank Account

RBC Visa Gambling Online: Fail-Safe Ways to Pay w/ Your Bank AccountSurely the nation’s most famous banking institution, if not its largest, is Royal Bank of Canada; better known among locals as RBC Bank, or simply RBC. Serving millions of clients at home and abroad, RBC is no doubt the financial choice of countless Canadian iGamers. If you happen to be one of them, you’ll be glad to know you can deposit at local and international online gambling sites with your RBC bank account. But perhaps not in the way you were expecting.

Of the few Big Five banks that support internet gambling payments in 2022, RBC isn’t exactly high on the list. In fact, the bank has taken extensive measures to thwart payments to/from offshore gaming websites. Payments to locally regulated iGaming operations will work just fine. But if you’re looking to make an RBC Visa debit card deposit, your chances of success aren’t too good. Fortunately, there are other online banking methods that will work, directly through your RBC account.

We will be talking about these topics and more in the following text. You’ll learn a little more about the Royal Bank of Canada, it’s wide network of branches and ATMs, and all of the account and card services they offer. You’ll also find out why online gambling payments through RBC don’t always work, and how to gamble online with RBC through alternative methods.

How to Make RBC Visa Gambling Payments Online

We’ve put together a data-intensive page that we know our regular readers will find easier to navigate via categorical context. If you know exactly what you’re looking for, please take advantage of the table of contents below to point you in the right direction. If not, just keep scrolling to learn all about the facts, features and functions of your Royal Bank of Canada.

Table of Contents

  • Brief History of RBC – A quick look back at how RBC’s financial services have progressed over the last 150+ years.
  • RBC Branch Locations – Find your local RBC branch out of more than 1,200 locations spanning all provinces and territories of Canada.
  • RBC Offerings – Learn about all the multifarious accounts and card services available to members of RBC.
  • Success of iGaming Payments – Discover why RBC doesn’t have the best track record for facilitating online gambling payments. 
  • Other Ways to Pay w/ RBC – When your RBC Visa online gambling payments aren’t working, these alternative online banking options will.
  • The Bottom Line – A concise summary of all the pros and cons surrounding online gambling with Royal Bank of Canada.
DisclaimerNot all forms of gambling are legal in all provinces of Canada. The legal age to gamble also varies by province. Breaking the law is a serious matter. The information provided on this website is meant for educational purposes only, and we will not be held liable for any irresponsible / illegal activity on your part. Know the gambling laws in your province and follow them. The following pages provide more information on Canadian gambling laws:
Royal Bank of Canada – From ‘Merchants’ to ‘Royal’ Ascension

RBC is the third oldest bank among Canada’s famous Big Five. Its humble beginnings date back to 1864, where a group of financial industrialists opened a commercial bank Halifax, Nova Scotia. Its sole purpose was to help finance fishing and timber industries, which were constantly shipping goods between Canada, Europe and the Caribbean. Aptly named Merchants Bank, it branched out to additional maritime colonies over the next few decades.

It wasn’t until 1901, when Merchants Bank was spreading its wings westward, that it took on the more relevant name, Royal Bank of Canada. Through numerous mergers and acquisitions, the number of RBC branches grew rapidly; not just here in Canada, but internationally, as well. Throughout the late 1800s and early 1900s, RBC was setting branches across every major port city in the Caribbean. They also set up shop in major trading destination like New York City, Paris, and Venezuela. 

Fast forward to 1962 – RBC gained fame as the first Canadian bank to install a computer. You can surely imagine what such technology did for their savings, loans, and investment banking operations, as well as the subsequent launch of insurance products.

Now, 150+ years after its founding, RBC continues to dominate the nation’s finance industry. Their offices span _ branches nearly 1,500 branches worldwide, serving over 17 million customers across 29 countries. Retail Banker International named RBC North American Retail Bank of the Year three years straight (2018-20), and Best Loyalty/Rewards Strategy twice (2019-20).

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RBC Branch Locations & ATMs Throughout Canada

With over 1,200 in Canada (and several hundred more worldwide), members can rest assured they’ll always have access to an RBC branch nearby. Sprinkling every provincial destination on the map, and the major cities of every territory, the RBC network is truly impressive. And that’s not to mention the approximately 5,000 ATMs the bank shares.

You can use this handy RBC Branch & ATM Locator Tool to find the nearest one.

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List of RBC Accounts Services and Bank Cards

Royal Bank of Canada’s claim to fame is diversification. When it comes to account and card services, RBC has a wider selection of banking and investment opportunities than any Canadian competitor. 

Account Services

While face-to-face accounting is always welcome, you can initialize most RBC services online from any computer or mobile device. The bank offers a fair selection of chequing and savings account options, linking to a free RBC Visa Debit for all members. More impressive is their collection of credit cards for individuals, students and businesses. You’ll find details for each of these services below.

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RBC Bank Accounts

From day to day banking, to high interest savings accounts, RBC promotes all the banking essentials at competitive rates. Their range of chequing and savings accounts include the following.

  • RBC Day to Daying Banking:
         “The Essentials” ($4.00/mo)
  • RBC Advantage Banking:
         “Unlimited Debits & More” ($11.95/mo)
  • RBC Signature No Limit Banking:
         “Unlimited Debits & even More” ($15.95/mo)
  • RBC VIP Banking:
         “All-Inclusive Banking” ($30.00/mo)

Savings Accounts

  • RBC High Interest eSavings:
         “Competitive Interest” (IR up to 1.55%)
  • RBC NOMI Find & Save:
         “Automatic Savings” (IR 0.05%)
  • RBC Day to Day Savings:
         “Everyday Savings” (IR 0.005-0.01%)
  • RBC U.S. High Interest eSavings:
         “U.S. Dollars” (IR up to 0.05%)

Credit Cards

RBC offers a vast selection of credit cards. Each is designed to suit different types of people and budgets. They come with a range of rewards, geared towards cash back, international travel, low interest rates and more. Below is an overview of all credit cards on the RBC menu.

Credit Cards for Personal Use
RBC Avion Visa Infinite (“any airline, any flight, anytime”)
$120
annual fee
19.99%
purchases
22.99%*
cash advance
WestJet RBC World Elite MasterCard (“Travel, made better”)
$119
annual fee
19.99%
purchases
22.99%*
cash advance
RBC Rewards+ Visa (“Rewards on all purchases”)
$0
annual fee
20.99%
purchases
22.99%*
cash advance
RBC Cash Back Preferred World Elite Mastercard (“Unlimited cash back”)
$99
annual fee
19.99%
purchases
22.99%*
cash advance
RBC Cash Back MasterCard (“No annual fee; Unlimited cash back”)
$0
annual fee
19.99%
purchases
22.99%*
cash advance
RBC Visa Classic Low Rate Option (“Low interest rate; Low annual fee”)
$20
annual fee
12.99%
purchases
12.99%
cash advance
RBC Avion Visa Infinite Privilege (luxury travel benefits; exclusive privileges)
$399
annual fee
19.99%
purchases
22.99%*
cash advance
Signature RBC Rewards Visa ($0 fee for Students, No Limit Banking clients)
$39
annual fee
19.99%
purchases
22.99%*
cash advance
RBC Avion Visa Platinum (Any airline; No blackouts)
$120
annual fee
19.99%
purchases
22.99%*
cash advance
RBC Visa Platinum (Prestige and value, no annual fee)
$0
annual fee
19.99%
purchases
22.99%*
cash advance
RBC Rewards Visa Preferred (“Extensive insurance coverage”)
$110
annual fee
19.99%
purchases
22.99%*
cash advance
RBC RateAdvantage Visa (“Lower interest rate, higher savings”)
US$35
annual fee
Prime + 4.99-8.99%
purchases
Prime + 4.99-8.99%
cash advance
RBC Rewards Visa Preferred (“Extensive insurance coverage”)
$110
annual fee
19.99%
purchases
22.99%*
cash advance
RBC U.S. Dollar Visa Gold (Transact in USD, avoid currency fluctuations)
US$65
annual fee
19.99%
purchases
22.99%*
cash advance
WestJet RBC MasterCard (WestJet dollars on everyday purchases)
$110
annual fee
19.99%
purchases
22.99%*
cash advance
RBC British Airways Visa Infinite (“Rediscover travel”)
$165
annual fee
20.50%
purchases
22.99%*
cash advance
RBC Cathay Pacific Visa Platinum (Only Canadian Card that Earns Asia Miles)
$120
annual fee
20.50%
purchases
22.99%*
cash advance
*21.99% for Quebec residents
Credit Cards for Business
RBC Avion Visa Infinite Business (“Make the most of your business spending”)
$175
annual fee
19.99%
for purchases
22.99%
cash advance
RBC Avion Visa Business (“Reward yourself, your employees, or reinvest”)
$120
annual fee
19.99%
for purchases
22.99%
cash advance
RBC Business Cash Back MasterCard (business purchases = business savings)
$0
annual fee
19.99%
for purchases
22.99%
cash advance
RBC Visa Business (“A convenient and affordable choice”)
$12
annual fee
19.99%
for purchases
23.99%
cash advance
RBC Aeroplan® Visa Business Card (“When your business needs it”)
$0
annual fee
Prime + 2.9-11.9%
for purchases
Prime + 2.9-11.9%
cash advance

RBC Debit Cards

Online Gambling with debit cardsEvery RBC chequing account comes with an optional Interac Flash-enabled debit card and Virtual Visa, at no cost to you. Interac Flash debit cards are incredibly versatile, capable of being used online, with Mobile Pay, or in person, via swipe or contactless tap-to-pay technology. Virtual Visa debit cards are just that – virtual. Because there is no physical card to tap or swipe, they are designed for digital purchases only (e.g. online, Mobile Pay) 

Prepaid Cards

RBC offers its members a variety of Visa-branded prepaid cards, gift cards and eGift cards. What’s the difference? Simply put, a prepaid card can be reloaded; a gift/eGift card cannot. which you you choose should depend on your needs, as it will effect the overall fee schedule. A gift card, for example, has a base fee of $3.95, but no additional usage fees and no expiration date. A prepaid card is more like a debit card, with an expiration date, except that it’s only linked to the funds you give it (as opposed to your bank account).

Please refer to the RBC website for additional details:

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RBC Online Gambling Success Rate in 2022

The Royal Bank of Canada isn’t exactly open to the concept of international online gambling by its members. In fact, the financial institution amended all of its member agreements several years back to prevent iGaming payments to international websites; or at least, to give them the right to decline facilitation of such payments.

We may from time to time prevent your Debit Card from being used for certain types of transactions as determined by us, including transactions connected with internet gambling.

Similarly, the RBC Credit Card Agreement states:

We also reserve the right to prevent your Credit Card or your Account from being used for certain types of transactions as determined by us, including transactions connected to Internet gambling.

In the RBC Virtual Visa Agreement, we find almost the exact same text:

We also reserve the right to prevent your Virtual Visa Debit Number from being used for certain types of transactions as determined by us, including transactions connected to Internet gambling.

The RBC Visa Prepaid Cards section is the most direct of all, explicitly stating:

Cards cannot be used for certain types of transactions including those connected to Internet gambling.

Despite the intended impression, this doesn’t mean you can’t gamble online with an RBC bank account. You actually have a few options. One way is to use your RBC bank account, debit card, credit card, prepaid or gift card to fund a different payment method, such as cryptocurrency or an eWallet. If you prefer to move money directly from your bank to an online gambling site, you can do that to. See the section below for more information.  

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Alternative Ways to Deposit & Withdrawal with RBC

RBC clients can still move money in and out of online casinos, sportsbooks and other gambling sites, direct from their chequing account. EFT and bank card purchases are likely to be declined, but RBC utilizes Canada’s exclusive network financing system, Interac. this makes it possible to deposit with an RBC account at any online gambling site that promotes Interac Online and/or Interac E-Transfer deposits.

Interac

Interac is the home-grown pride and joy of Canada’s Big Five Banks. Collectively, they developed the Interac network in 1984 to facilitate expedient transfers between one another. Today, it is the system that powers over 80% of the country’s digital transactions.

When you use Interac Online or Interac eTransfer services to deposit or withdrawal, RBC won’t see where that money is going or coming from. It works because, if the bank doesn’t identify a payment for gambling purposes, it has no reason to reject it. 

Most of today’s reputable, Canadian-facing international gambling operators accept Interac Online and/or Inter eTransfer deposits. Some, but not all, will also promote Interac for withdrawals. Simply look for the Interac, Interac Online, or Interac eTransfer logo at your favorite online casino.

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The Bottom Line

At a glance, RBC may not seem like a great choice for Canada’s online gambling community, but there are ways to get around the RBC Visa gambling restrictions. No, it’s not the best option, but there’s no reason to go opening an account with a different Canadian bank, either. Simply use an RBC bank card (credit, debit, or prepaid) to fund an alternative method, or look for the Interac logo at your favorite iGaming website.

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