Depositing with eCheck Casinos Canada in 2023
eCheck Canada – Reference to Quick Secure Online Casino Banking
For more than two and a half decades, the global online casino market has morphed, expanded and evolved into something few thought imaginable in the early to mid-1990s. Through all these years, two major questions have remained relevant. “Where to play?“, and “How to pay?“
The question of where to play has been answered, at least for those who take the time to heed its warnings. Any operator of moderate age, with reputable licensing and regulation, is worthy of your trust. As for payment methods, however, that landscape continues to shift,. That’s especially true in Canada, where provincial legislation has yet mature (except in Ontario).
In recent years, many former-favorite payment methods jumped ship. Neteller came and went, as did Skrill and a few others. Interac rose to the occasion, and has been a fine alternative ever since, but all this time, one payment option, exclusive to the Canadian market, has always been there, presenting local iGamers with a fast, safe and reliable way to deposit and withdrawal at online casinos. I’m referring, of course, to eChecks.
What are eChecks? |
The term eCheck refers to an electronic cheque. It is similar to a paper cheque, except that the user electronically signs it. The same information found on a paper cheque is supplied when submitting an eCheck. This information includes the user’s name and the bank’s name, as well as the user’s and bank’s account numbers. The bank’s account number is commonly referred to as its Routing Number or Swift Code.  eChecks are instant, so long as the money is available in the user’s account. The moment an eCheck is submitted, information is sent back and forth between the merchant (online casino) and the user’s financial institution. The merchant asks if the money is available. The bank responds, yes or no. If yes, the money is deposited into the user’s online casino account instantly, even though it will be a few days before the transfer reaches the merchant’s account. |
How are eChecks Safe? |
If someone got hold of one of your paper cheques, they would not be able to use it without forging your signature. If someone did forge and use it, you would be able to contest it. When the signatures don’t match, the financial institution’s insurance covers the charges. An eCheck works similarly, but in an entirely digital way. There are multiple variables that must align in order for a person to use an eCheck online. First and foremost, the name and address on the eCheck must exactly match that of the name/address the online casino account belongs to. And, it must match the name/address associated with the bank account from which the eCheck funds are being drawn. If any info doesn’t match, you’ll get an instant rejection notice. This is why it’s so important to verify your identity when joining an online casino. Identity verification is not just an annoyance to deter players from cashing out. It’s for your own protection. It helps prevent anyone but you from making a payment in your name. |
eCheck Canada for Online Casino Deposits |
The eCheck payment option has been around for many, many years now – far longer than so many other payment methods that have come and gone like the changing of seasons. This particular banking option is exclusive to the Canadian market. It’s based on the EFT protocol; short for electronic fund transfer. The benefits of eCheck casino deposits are many. Comparatively speaking, eChecks boast all the same benefits as these better-known banking methods.
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Are there any Negative Features of eChecks? |
Yes, as with any payment method, there’s going to be a downside. In this case, there are two potential drawbacks to consider. First, like a paper cheque, an eCheck can bounce if your bank account has insufficient funds. Due to EFT protocol, this is very unlikely. A payment should get rejected if there’s not enough money to cover it, but it can happen. Just be sure to double-check your account balance, and the amount you’ve typed into the payment form, before submitting. Insufficient fund fees can be costly! Secondly, eChecks aren’t the most widely available payment method on the iGaming market. Because they are exclusive to the residents of Canada, only operators that are truly dedicated to serving players in our region will offer them. Even then, it’s about a 50/50 chance of availability. Fortunately, in our experience, the most reputable online casinos accepting Canadian players do support eCheck, including operators like Jackpot City and Royal Vegas. |
Alternate Names for eCheck Casino Deposits |
Not all online casinos that take eChecks will call them by the same name. They can be found under a variety of titles, including these three most common names. If you see any of these payment options available, the operator qualifies as an eCheck Canada casino.
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| In Short: | Yes. So long as the website you’re sending money to is secure, you can trust that your eCheck payment is secure as well. |
| In Detail: | Generally speaking, yes, eCheck payments are incredibly safe. The security of the payment is determined by two things. First is the bank from which you’re sending the payment. Banks are government regulated entities that enforce the strictest level of internet security. Second is the website you’re sending the payment to/through. It’s it important that you trust the online casino you’re making a deposit with. It should have an active license from a reputable regulatory body. It should also have a URL that begins with “https://“. If the “s” is missing from the protocol, the website does not have a current security certificate, and should not be trusted to with any sensitive information. |
| In Short: | Yes. |
| In Detail: | The Bank of Montreal (BMO) supports electronic fund transfers for both incoming (direct deposit) and outgoing (eCheck) payments. |
| In Short: | Yes. |
| In Detail: | The Canadian Imperial Bank of Commerce (CIBC) promotes electronic fund transfers for incoming (direct deposit) and outgoing (eCheck) payment services. |
| In Short: | Yes. |
| In Detail: | Yes, Canadian banks have supported the use of eChecks (Electronic Cheques) since the dawn of digital financing. |
| In Short: | Yes. |
| In Detail: | The Royal Bank of Canada (RBC) processes electronic fund transfers for incoming direct deposits, as well as outgoing eCheck payments. |
| In Short: | Yes. |
| In Detail: | The Bank of Nova Scotia (a.k.a. Scotiabank) welcomes the use of electronic fund transfers for both direct deposit (incoming) and eCheck (outgoing) payments. |
| In Short: | Yes. |
| In Detail: | Toronto-Dominion Bank (TD) supports eCheck services for both outgoing payments and incoming payments (i.e. direct deposits). |
| In Short: | Using a paper cheque for reference, enter the bank’s routing number, bank account number, and amount to be deposited. Submit the payment and, if everything checks out, your account will be credited within a few moments. |
| In Detail: | Writing an eCheck is just like writing a paper cheque. You need to enter the bank’s routing number as well as your bank account number, both of which are located at the bottom of your paper cheques. If you don’t have paper cheques, call your bank and ask for assistance. They will gladly provide you with all the numbers you need. Enter them in the corresponding input boxes when making your deposit, then submit the payment. If everything is correct, and funds are sufficient, your casino account will be credited with the deposit within a few moments. |
| In Short: | Online casinos and banks work in tandem to verify eCheck deposits by digitally comparing the information provided by the payer, with the information associated with the checking account. If the bank confirms that all information matches, the casino verifies the eCheck. |
| In Detail: | The moment a user submits an eCheck, the online casino and bank communicate via instant digital messages. A message from the casino delivers the information from the user, including their name, address, banking info, and amount of deposit. The bank verifies that the user and banking information matches their records. If the info is correct, and the funds are available, the bank sends a digital approval message, validating the payment and confirming that the money is on the way. |
| In Short: | Essentially, yes. |
| In Detail: | An eCheck and a bank transfer are facilitated in the same manner by your bank. Initiating an eCheck initiates an EFT bank transfer. The only differences are 1) eChecks are always free, and 2) how you enter the information when making a deposit. Instead of choosing your bank from a list, you enter the routing number for the bank, as it is displayed on a paper cheque. Online casinos offer eChecks because they are easy for traditional cheque writers to understand. The user looks at a paper cheque, then enters the same information in the corresponding input boxes on the screen. In some cases, an eCheck will require the cheque number from an actual paper cheque. Again, the back-end process is the same as a bank transfer, but you’ll need to void the paper cheque with that number so that you don’t accidentally use it again. |
| In Short: | In Canada, an eCheck is processed via EFT protocol, which is virtually instant. ACH transfers are used by US banks, and take longer to process; up to 24 hours. |
| In Detail: | Canadian banks process eChecks via electronic funds transfer (EFT). US banks use an automated clearinghouse (ACH) system. The difference is that EFTs are digitally processed the moment they come in. ACH protocol lumps an entire day’s payments together, then processes them all at once. This could occur as early as the end of that business day (5-6pm), or as late as the start of the next business day (8-9am). |
| In Short: | |
| In Detail: | Currently, there are about four dozen online casinos accepting eChecks from Canada. However, that’s a drop in the bucket (~5%) compared to the overall market. And when you narrow your search to the industry’s most reputable brands, that number drops even more dramatically. Of the 48 Canadian eCheck casinos we’ve discovered so far, we’ve found only two of them (listed above) to be highly reputable and trustworthy. |
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Adalene Lucas: is our jack of all trades here at DBC. She is a skilled coder, gambler, writer and webmaster. She lives in Manitoba where she enjoys the lush landscapes and camping near Tulabi Falls. Nature gives her inspiration to write. When she's not immersed in nature, her favorite words are "game theory". She lives with her husband and their two Labradors, Kophy and Whisper.
