21 Apr

Functional Ways to Pay for iGaming with TD Bank Canada

TD Bank Gambling – Funding an Online Betting Account with TD Canada

TD Bank Gambling - Funding an Online Betting Account with TD CanadaThe Toronto-Dominion Bank – officially TD Canada Trust, better known simply as TD Bank – is a multinational financial institution with deep roots in the Great White North. According to the latest financial data (Jan 2022), TD is Canada’s largest bank in terms of assets, with CA$1.78 trillion. It’s among the Top 10 largest in North America and #23 in the world. With 13.5 million account holders in Canada alone, odds are pretty good that, if you’re reading this now, you’re one of them.

TD is known for a lot of things – mostly positive, but not all. If you’re a member of Canada’s vast online gambling community, you may have already experienced TD Bank’s negative attitude towards iGaming deposits and withdrawals. Unless you happen to get lucky – and some do – your attempt to deposit with a TD Bank debit card, eCheck of EFT will be met with rejection.

This doesn’t necessarily mean you need to switch accounts to one of Canada’s Big Five that facilitate online gambling deposits. All it means is that you need to be a bit more creative with your payment methods. On this page, we’ll teach you about three trusted, secure, Canadian-exclusive payment networks that already work with your TD account, and have a 100% success rate with online gambling payments. 

How to Make Successful TD Bank Gambling Payments

Paying for online gambling with a bank account is no simple subject. There are a lot of items to cover, beginning with information about the financial institution itself. We also provide details on the bank’s coverage throughout Canada, the account services and bank cards it offers, and the current success rate of direct TD online gambling payments. When those fail – as they so often do – you’ll learn other ways to fund iGaming with a TD Bank account. The following table of contents will help you find information on the exact topics you want to learn more about.

Table of Contents

  • Brief History of TD Bank – Toronto-Dominion Bank was formed in 1955 by the merging of Bank of Toronto (1855 est.) and Dominion Bank (1869 est.)
  • TD Branch Locations – With over 1,000 branches and 800 ABMs across Canada, our handy TD Branch Locator tool will help you find the nearest one to you.
  • Financial Offerings – Learn about the full suite of chequing, savings, and card accounts TD Bank provides to meet the needs of its customers.
  • Success of iGaming Payments – Find out how unaccommodating TD Bank is towards debited online gambling payments with international websites.
  • Other Ways to Pay w/ CIBC – When your debit deposits aren’t working, discover other ways to pay for online gambling with a TD Bank account.
  • The Bottom Line – A concise summary of Toronto-Dominion Bank online gambling opportunities and obstacles.
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:

TD History – The Dominant Rise of a Global Leader

As a business, Toronto-Dominion Bank isn’t all that old, but the bedrock of its foundation is. TD was formed in 1955 by the merger of two mid-19th-century predecessors; Bank of Toronto (1855 est.) and The Dominion Bank (1869 est.). Both were formidable members of the financial community prior to the merger. It’s little surprise they’ve grown to the elite status of Canada’s largest bank in 2022, responsible for over $1.77 trillion in total assets.

Outside of Canada, TD Bank is already the 9th largest in the United States, 23rd largest in the world. Negotiations are currently underway between TD and First Horizon Corp. A successful takeover of the Tennessee-based financial group would increase TD’s market size by 1,159 branches, vaulting it to even greater status in North America and beyond.  

As for Canada, TD proudly boasts over “15 million active online and mobile customers” in 2022.

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TD Bank Branch & ABM Locations in Canada

When it comes to branch networking, TD ranks second largest in Canada with 1,099 branches (at time of writing). They could bring that number to a nice, even 1,100 if they were to open a single branch in Nunavut. For now, however, that’s the only territory where TD isn’t operating. you won’t even find 1 of their 815+ ATM machines there.

You can use the official TD Branch Locator Tool to quickly find your nearest branch. Or, you can search for TD Bank ATMs here, or search by province/territory using any of the links below.

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Toronto-Dominion Bank Accounts and Card Services

TD didn’t become Canada’s largest bank by limiting its services. The financial institution has an impressive portfolio of services that span chequing, savings and business accounts, credit and debit cards, loans and mortgages, investment banking, insurance, and more.

Account Services

TD prides itself on diversity in the financial community. Competitive rates, promotions, and rewards are among the most enticing features.  

From chequing accounts with unlimited transactions and monthly fee rebates, to savings accounts that may help you achieve your financial goals, TD offers a range of personal bank accounts to help you manage your money.

TD Bank Accounts

Virtually anyone can open a personal chequing or savings account with Toronto-Dominion. Special promotions, rates and fee waivers are available for certain customers, such as students, seniors, and new arrivals to the country.

Chequing Accounts

  • TD All-Inclusive Banking Plan:
         “Premium Banking Benefits” ($29.95/mo; $0 w/$5k balance)
  • TD Unlimited Chequing Account:
         “Unlimited Everyday Banking” ($16.95/mo; $0 w/$4k balance)
  • TD Everyday Chequing Account:
         “A Budget-Friendly Account” ($10.95/mo; $0 w/$3k balance)
  • TD Minimum Chequing Account:
         “For Those with Minimal Banking Needs” ($3.95/mo)
  • TD Student Chequing Account:
         “Designed for Your Student Life” ($0.0/mo)
  • U.S. Daily Interest Chequing Account:
         “Simplify Your U.S. Dollar Banking” ($0.0/mo)
  • TD Borderless Plan:
         “For Frequent U.S. Travelers” (US$4.95/mo; $0 w/US$3k balance)

Savings Accounts

  • TD Everyday Savings Account:
         “Ideal if Your Starting to Save” (IR 0.01%)
  • TD High Interest Savings Account:
         “Reach Your Goals Faster” (IR 0.05% w/ $5k min balance)
  • TD ePremium Savings Account:
         “Save More with a High Interest Rate” (IR 0.50% w/ $10k min balance)

Credit Cards

TD Bank offers a wide range of credit cards to suit every purchaser. Whether you’re a first-class traveler or a cash back collector, TD Visa cards come with everything from low annual fees to flexible rate plans. The following list details all credit cards currently available to members of TD Canada Trust. Due to the sheer volume of cards, I’ve chosen to categorize them by Personal and Business classes.

Credit Cards for Personal Use
TD Cash Back Visa Infinite Card (“Earn big rewards on the little things”)
$120
annual fee
20.99%
for purchases
22.99% [20.99%]
cash advance [QC]
TD Cash Back Visa Card (Earn 0.5-1.0% in Cash Back Dollars)
$0
annual fee
19.99% [20.99%]
purchases [Quebec]
22.99% [20.99%]
cash advance [QC]
TD Aeroplan Visa Infinite Card (“Ranked top Airline Credit Card”)
$139
annual fee
19.99% [20.99%]
purchases [Quebec]
22.99% [20.99%]
cash advance [QC]
TD Aeroplan Visa Platinum Card (“It’s easy to earn Aeroplan points”)
$89
annual fee
20.99%
purchases
22.99% [20.99%]
cash advance [QC]
TD Aeroplan Visa Infinite Privilege Card (“No Restrictions”)
$599
annual fee
19.99% [20.99%]
purchases [Quebec]
22.99% [20.99%]
cash advance [QC]
TD First Class Travel Visa Infinite Card (“Freedom and flexibility”)
$120
annual fee
19.99% [20.99%]
purchases [Quebec]
22.99% [20.99%]
cash advance [QC]
TD Platinum Travel Visa Card (Earn more w/ ExpedieforTD.com)
$89
annual fee
19.99% [20.99%]
purchases [Quebec]
22.99% [20.99%]
cash advance [QC]
TD Rewards Visa Card (“Luxury Travel Privileges”)
$399
annual fee
19.99% [20.99%]
purchases [Quebec]
22.99% [20.99%]
cash advance [QC]
TD Emerald Flex Rate Visa Card (“attractive low interest rate”)
$25
annual fee
Prime+4.5-12.75%
[P+5.5-13.75% QC]

for purchases
Prime+4.5-12.75%
[P+5.5-13.75% QC]
cash advance
TD U.S. Dollar Visa Card (Eliminate currency conversion rates)
US$39
annual fee
19.99% [20.99%]
purchases [Quebec]
22.99% [20.99%]
cash advance [QC]
Credit Cards for Business Accounts
TD Business Travel Visa Card (“Up to 25% off for business purchases”)
$149
annual fee
19.99%
for purchases
22.99%
cash advance
TD Aeroplan Visa Business Card (“More flexibility with Points+Cash”)
$149
annual fee
14.99%
for purchases
22.99%
cash advance
TD Business Cash Back Visa Card (Earn 0.5-2.0% in Cash Back Dollars)
$0
annual fee
19.99%
for purchases
22.99%
cash advance
TD Business Select Rate Visa Card (“Grow your business with confidence”)
$0
annual fee
11.99%
for purchases
11.99%
cash advance

TD Bank Debit Cards

Online Gambling with debit cardsMembers of TD Bank can shop online or in-store – anytime, anywhere – with TD’s Visa debit. Officially termed the ‘TD Access Card’, every member is eligible for this nifty little debit card. It comes equipped with the latest security and technology features, including Visa’s trademark Layers of Security; chip, PIN, Verified by Visa (VbV), Card Verification Value 2 (CVV2), and Address Verification Service (AVS). Plus, it’s got Interac Flash built right in, so you can tap your card for contactless payments wherever you see the Interac logo.

The TD Access Card lets users shop in person and online, both domestically and internationally. Link it up to your Apple Pay, Google Pay, or Samsung Pay account for convenient in-app purchasing. Set up auto-pay for recurring bills, and withdrawal cash at one of 2.2 million compatible ATMs around the globe. All this, without ever having to worry about unauthorized purchases, thanks to the Visa Zero Liability program.

Prepaid Cards

NONE

TD does not offer prepaid cards at this time. A statement on the TD website reads:

Currently, TD Canada Trust does not offer Visa Pre-paid cards, Visa Gift cards, or Visa Check cards. We cannot confirm if or when this option may be available.

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Success Rate of Gambling Online with TD Bank

TD Bank didn’t take too much notice of internet gaming until just a few years ago. In the latest version of its Visa Cardholder Agreement, (last updated November 2019), TD chose to explicitly restrict payments to/from “unauthorized” sources, including for “internet gambling” purposes.

Since then, the success rate of TD debit online gambling deposits has dropped to all but nothing. A few payments may squeak by, but don’t get your hopes up. Even if the last payment was successful, the next one may not be.

Success Rate: 5%

TD Cardholder Agreement & Benefit Coverages Guide
2. Using the Account
You agree not to use the Card or the Account for anything illegal or fraudulent.
We may block use of the Card or the Account without telling you in advance if we suspect illegal, unauthorized or fraudulent use of the Account. This includes transactions relating to Internet gambling or where we have any other reasonable grounds to do so.

Don’t let the verbiage of the agreement fool you. Online gambling, even with overseas operators, is not illegal in Canada. It is, however, unauthorized. Only the gaming websites regulated by a provincial government are authorized to operate in Canada. So, the bottom line here is that TD Bank will reject any payment it flags for international gambling purposes.

The good news is that account holders have a number of ways to move money between offshore gambling sites and TD Bank account, without those payments ever being scrutinized, much less flagged. This brings us to…

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Other Ways to Make Gambling Deposits with TD Bank 

Everything TD Bank lacks in the iGaming department is made up for right here. When debit card deposits and bank transfer withdrawals fail, these alternatives will not. You won’t need to open a bank account elsewhere, or set up a pricey web wallet, either. All of the methods we talk about in this section will let you deposit money directly from your TD Bank account, and withdraw cash winnings back to that account. The only difference is that TD won’t scrutinize, label, or reject these payments.

It’s all made possible by a handful of Canadian-exclusive, inter-networking finance solutions. The most famous is Interac, a network solution that helps facilitate more than 80% of the nation’s digital payments. Another is iDebit, which works pretty much the same way as Interac, but on a smaller scale. Both are mediator systems that create a link between your bank and merchant websites. Last is InstaDebit, similar to iDebit, except that usage isn’t automatic. You’ll need to register an account to use it. You can learn a bit more about each of these below, and click their links for more detailed information. 

Interac

Interac is Canada’s most utilized digital payment solution. The network was built by the Big Five Banks decades ago to facilitate quick, secure transfers between those banks. Today, it’s used to process more than 80% of Canada’s digital transactions; everything from debit card payments to direct deposits. It’s also accepted by a select handful of Canada’s most reputable offshore gambling sites. It’s found in two formats. One is Interac Online, which will redirect you to log into your TD online bank account while shielding the bank and merchant from each other’s details. the other is Interac eTransfer, which allows users to set up the transfer on their mobile phone.

iDebit

iDebit is a lot like Interac, but with a smaller coverage area (i.e. fewer banks use it). Every member of TD Bank has automatic access to it. Simply choose iDebit as your method of payment, and you’ll be asked to choose your bank from a list. Select TD, then log into your online banking account as usual and complete the purchase. iDebit will create a barrier that blocks the merchant from receiving your bank info and vice versa.

InstaDebit

InstaDebit and iDebit have a lot in common, except that you don’t automatically have access rights to it. You must set up a user account to pay with InstaDebit. When you do, you’ll link your bank account and verify your identity. Once that’s done, it’s simple, safe, and ultra-fast to deposit with InstaDebit. The money comes right from your bank account. InstaDebit withdrawals are convenient too, but that money will go to your InstaDebit account. You’ll need to initiate a transfer from there to move the money back to your bank account.

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The Bottom Line

TD Bank gambling payments aren’t directly supported, but you’ll find a number of eligible deposit and withdrawal options that mimic direct transfers. For this reason, we believe TD ranks almost as highly as Canadian banks that allow debit card deposits for online gambling. Its partnerships with Interac, iDebit, and InstaDebit ensure that Canada’s iGaming population will be able to utilize the most reputable websites in the international market.

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