Betting Site
Bonus
Brand Features
Review
Bet Now
1
LOCAL
Sports Interaction
5
200$ Free Bonus
200$ Free Bonus
Read Review
2
FEATURED
888Sport
4.8
$250 Bonus
$250 Bonus
Read Review
3
HOT
Royal Panda
4.8
$20 Free Bet | $100 Bonus
$20 Free Bet | $100 Bonus
Read Review
4
HOT
MoPlay
4.7
$200 Bonus
$200 Bonus
Read Review
5
FEATURED
Betway
4.7
$100 Bonus
$100 Bonus
Read Review
6
10 Bet
4.7
$200 Bonus
$200 Bonus
Read Review
7
Mansionbet
4.6
$50 Bonus
$50 Bonus
Read Review
8
Bodog
4.5
$200 Free Bet
$200 Free Bet
Read Review
9
NEW
KTO
4.4
100% Bonus
100% Bonus
Read Review
10
HOT
Pinnacle
4.3
Best Odds
Best Odds
Read Review

Introduction to eCheck

echeck

An electronic check, commonly known as eCheck, is a form of online payment where money is electronically withdrawn from a customer’s bank account.

It is then transferred over a secure network and deposited into the vendor’s account as payment for good or services.

eChecks have a much lower risk of the funds being stolen when compared to paper checks, as there is no physical item to purloin.

Payments must be authorised by the customer, usually via acceptance of a website’s terms and conditions or other type of simple authentication process.

Many leading bookmakers in Canada offer punters the opportunity to fund their betting accounts via the eCheck system including Sports Interaction and Betway.

The process is similar to paper check processing, but with the help of modern technology it is completed in a much speedier timescale.

To use eCheck services you must first complete a short registration process during which your bank account will be linked to your eCheck account.

This takes just a few minutes to sort out and you will then be able to begin depositing funds with your chosen bookmaker.

Advantages and Disadvantages of using eCheck

Pros

  • An eCheck is an effective way for Canadian punters to fund their online betting accounts as it negates the need to use a debit or credit card, thus decreasing the risk of fraud.
  • Using an eCheck means you don’t share your bank account details with your chosen betting site.
  • eChecks are simple to trace, meaning it easy to find out where there is an issue if something goes wrong with the transaction.
  • When making a deposit using an eCheck you must have sufficient funds in your bank account, helping to ensure that you are only betting with funds you are able to spend.
  • Although an eCheck can take a few days to clear, many betting sites allow you to start using the funds immediately after you have confirmed the deposit.

Cons

  • The majority of betting sites don’t charge anything for using an eCheck, although some banks may add a small fee for each transaction you complete.
  • If for some reason an eCheck deposit is returned as unpaid by the bank, betting sites will generally restrict your ability to use the funds from future payments until they are fully cleared.

How to deposit funds using eCheck

As previously mentioned, punters must complete a short registration process to link their bank account and eCheck account together.

Once this has been done you will be able to start using the service to make payments to your chosen online bookmaker.

Login to your betting account before visiting the ‘Cashier’ or ‘My Account’ section and look for the eCheck deposit option.

Enter the amount you wish to deposit – this will need to be under the maximum amount allowed by the site.

You will then be asked to provide some further information which can include your name, account number, bank name and other details.

When this has been successfully completed you will be able to forward your eCheck to the betting site.

Deposits are generally processed instantly, although some sites may require you to wait until the funds have been cleared by your bank before you can start betting.

How to deposit with eCheck

How to withdraw funds using eCheck

If you have made a deposit via eCheck you may be able to make a withdrawal by the same method, although it is advisable to check the bookie’s terms and conditions before proceeding with any payments.

Some operators don’t offer eCheck as a withdrawal option, but their customer service team will be able to advise any suitable alternatives.

To start a withdrawal, login to the betting site and visit the ‘Cashier’ or ‘My Account’ section to access the different payment options.

Search for eCheck, enter the amount you wish to withdraw and complete the requested information such as name and account number.

Once you have completed all the relevant details, click ‘Confirm’ or Withdraw’ and your transaction will be processed.

Withdrawals by eCheck can sometimes take a little longer than other payment methods, so always check the small print before proceeding.

You may also be required to go through a separate verification process on the first occasion you request a withdrawal, but most reputable bookmakers complete this in a timely fashion.

BACK TO TOP