What is Instadebit?
Instadebit started as a Canadian online payment provider close to ten years ago and has quickly become the most popular Canadian sportsbook deposit method. Instadebit works just like PayPal. They act as an online wallet that can facilitate transfers to and from your personal chequing or savings account, to the online sportsbook of your choice.
Instadebit is a Canadian company with a great reputation among clients and sportsbooks alike.
Is Instadebit Safe and Secure?
Instadebit employs 128 bit encryption and each transactions is securely monitored and audited by Verisign and TRUSTe, the leading security firms in that industry. Your identity and bank information will never be shared with any third parties or online sportsbooks.
Banks that Work with Instadebit
Instadebit supports transfers from the most popular Canadian Banks. This includes RBC, BMO, Scotiabank, PC Financial, TD, CIBC, Tangerine, and HSBC.
Fees for using Instadebit
Instadebit is a very cheap and easy to use solution to transfer money to and from your bank account, and online sportsbooks. Below are the fees Instadebit charges.
- Set up Account – (Free)
- Deposit to Instadebit – (Free)
- Transfer to Sportsbook – ($1.95)
- Withdrawal to Bank Account – (2.00)
How Does Instadebit Work?
Instadebit securely transfers money from your personal bank account to online sportsbooks that accept Instadebit deposits. Once your account is set up and verified. You can initiate a transfer to your Instadebit account, and those funds will be deposited to your balance within 2-3 business days. This works just like writing a cheque. You register your account with Instadebit using your routing number, account number and last 4 digits of your social security number to confirm your identity.
Instadebit will then send a small deposit to your bank account to confirm the account belongs to you. You report the exact amount of that deposit to fully verify your account with Instadebit. Once that is complete you’re all set to go. If your looking for a similar service like this that works instantly and is also very safe and secure, we recommend checking out IDebit.
What Sportsbooks Accept Instadebit Deposits
One of the best things about Instadebit is that they are accepted by just about every online sportsbook. Given that, you still only want to bet with the most reputable and Canadian friendly sportsbooks. We strongly recommend the sportsbooks below to Canadians who would like to deposit via Instadebit.
Instadebit Contact Information:
Online Chat Support: Via Website 24/7
Reviewed by Canadian Sports Betting
Instadebit is an online sportsbook deposit method available to Canadians that allows sports bettors to transfer money from their own personal bank account.