On a $500 deposit held for a month, a credit-card advance at big-bank terms costs about $14–$15; an e-Transfer usually costs $0–$1.50, and Interac is how Spin Casino, Jackpot City, Royal Vegas and Ruby Fortune pay out in Ontario. Use a card only if your card issuer (the bank that issued the card) confirms it doesn’t treat casino deposits as cash advances and you will repay in full. If a card is declined, don’t look for a way around it.
Interac e-Transfer vs credit card, side by side
| Question | Interac e-Transfer | Credit card |
|---|---|---|
| Cost to send | $0 at Simplii; $1.50 a send at CIBC on most accounts (included with select accounts) | A cash-advance fee: $5 at CIBC; the greater of $5 or 1% at BMO and Scotiabank; 1% (minimum $3.50, maximum $10) at TD (each bank’s terms) |
| Interest | None: the money is already in your account | From the day of the deposit, with no grace period: 22.99% at TD, RBC and CIBC, 23.99% on most BMO cards |
| Rewards | None | Usually none: TD, RBC, National Bank and Desjardins exclude casino deposits from rewards (rewards rules) |
| Limits | Your bank’s sending limit: $3,000 in 24 hours at CIBC, Tangerine and Simplii | Your cash-advance limit, which a bank can set below your credit limit, “even to zero” (Scotiabank’s agreement) |
| Can winnings come back this way? | Yes at Spin Casino, Jackpot City, Royal Vegas and Ruby Fortune, in 1–3 business days or “a few business days” after the casino’s pending period | Visa only at those four; none of them lists Mastercard or American Express (Amex) withdrawals |
| Dispute rights | None once deposited: Interac says “there is no way to reverse the transaction” | A chargeback through your bank, but Mastercard’s chargeback guide covers a gambling deposit only if it never reached your casino account, not losses or later withdrawals (how chargebacks work) |
Why a card deposit is priced as a cash advance
Visa’s Merchant Data Standards Manual, October 2026 (PDF) says a merchant that conducts online gambling transactions “must use MCC 7995 for all transactions”. That code tells your bank the payment is gambling, and TD, RBC, BMO and Scotiabank class gaming transactions as cash-like and charge them as cash advances (what each bank’s agreement says).
At BMO’s standard terms (1%, $5 minimum, 23.99%), a $500 casino deposit repaid after 30 days costs $14.86: the $5 fee plus $9.86 interest. Example only; your card’s fee and rate will differ. Read what a cash advance actually costs, or put your own card’s terms into the cash advance calculator. Using a credit card because your own money has run out is a warning sign, not a payment choice.
How an Interac e-Transfer casino deposit works
- Choose Interac in the casino’s cashier and enter the amount.
- Depending on the cashier, accept an Interac Request Money in your banking app, or send an e-Transfer to the recipient the cashier shows. Do it in your own bank’s app or website, never from a link in an email or chat.
- The money leaves your chequing account. There is no cash advance and no interest; your bank may charge a sending fee (none at Simplii, $1.50 at CIBC on most accounts).
- Transfers are “almost instant, but can take up to 30 minutes depending on your bank or credit union”, says Interac’s e-Transfer FAQ.
Limits. Each bank sets its own. CIBC and Simplii let you send up to $3,000 in any 24 hours, $10,000 in 7 days and $30,000 in 30 days; Tangerine allows $3,000 a day, $10,000 a week and $20,000 a month. CIBC says limits differ for some clients; your banking app shows yours when you start a transfer. A transfer can still fail: CIBC lists reasons an e-Transfer “may not be processed”, and the recipient can decline it.
It’s final. Once the casino’s side has deposited the transfer, CIBC says it “can’t be reclaimed by the sending bank”. Send only what you have budgeted to lose. If the transfer would take your account into overdraft, that is borrowing too. If your bank blocked a card payment, or you set a deposit limit or self-excluded, don’t switch to Interac to get around it.
Getting paid by Interac at Ontario casinos
- Spin Casino: Interac e-Transfer in 1–3 business days (payment page), after a 24-hour pending period with no weekend processing (terms).
- Jackpot City: Interac in 1–3 business days (payment page); section 7.8 of its terms adds up to 24 hours of pending time and no weekend processing.
- Royal Vegas: Interac in 1–3 business days after a 24-hour pending review (payment page and FAQ).
- Ruby Fortune: Interac e-Transfer in “a few business days” (payment page).
Your bank can take longer to post the money. The other three Ontario casinos we review are less clear: Betinia lists Interac for deposits but doesn’t say which methods take withdrawals; LuckyDays shows an Interac logo without saying whether it works both ways; Betway’s Ontario terms send withdrawals back to your deposit method where possible. Check the cashier before you deposit.
Where Loonio fits
Loonio is a payment services provider that puts Interac e-Transfer and online-banking payments on online checkouts, including some casino cashiers. None of the seven Ontario-registered casinos in our payment records names it. Loonio says it “does not operate any gaming website”, so a site calling itself a “Loonio casino” is not Loonio. A payment method doesn’t make a site legal in Ontario: check that any casino is listed in iGaming Ontario’s directory of regulated sites before you deposit.
Loonio offers two routes. With an e-Transfer you add Loonio as a recipient or accept a Loonio request; an unfinished request “will automatically expire in 24 hours, and no funds will be removed”, and a completed one can’t be reversed (Loonio FAQ). With online banking you pick your bank, enter your online-banking username and password on Loonio’s page, choose an account and “sign the electronic PAD agreement with a click”. Only do that on a page you opened from the casino’s cashier, never from a link in an email or chat.
That second route is a pre-authorized debit (PAD): the agreement you sign is what authorizes the money to leave your account, so save a copy. Payments Canada’s Rule H1 sets the rules for PADs. Under its pre-authorized debits guide, a personal account holder has 90 days from the date of the withdrawal to report an incorrect or unauthorized debit to their own bank, and the guide’s model agreement gives a right to reimbursement “for any debit that is not authorized or is not consistent with this PAD agreement”. Neither route recovers money you knowingly deposited and lost.
Interac e-Transfer and Loonio FAQ
Is an Interac e-Transfer deposit a cash advance?
No. An e-Transfer moves money that is already in your bank account, so there is no cash-advance fee and no interest. Your bank may charge a sending fee: none at Simplii, $1.50 a send on most CIBC accounts. Cash-advance pricing applies to credit cards, because gambling merchants must code card payments as MCC 7995.
Can I get casino winnings back by Interac?
Yes at Spin Casino, Jackpot City, Royal Vegas and Ruby Fortune, which list Interac for Ontario withdrawals. Plan for 1–3 business days at Spin Casino, Jackpot City and Royal Vegas, and “a few business days” at Ruby Fortune, after each casino’s pending period. If you deposited with Mastercard or Amex at those four, plan to get your winnings back by Interac (or eCheck at Spin Casino, Jackpot City and Ruby Fortune), since Visa is the only card they list for withdrawals. At Betinia, Betway and LuckyDays, check the cashier.
What are the Interac e-Transfer limits?
Each bank sets its own. CIBC and Simplii allow $3,000 in any 24 hours, $10,000 in 7 days and $30,000 in 30 days; Tangerine $3,000 a day, $10,000 a week and $20,000 a month. Start a transfer in your banking app to see your own limit.
Can I dispute an e-Transfer to a casino?
Generally not. Once the casino’s side deposits it, Interac says “there is no way to reverse the transaction”. A Loonio online-banking payment is different: it is a pre-authorized debit, and under Payments Canada’s Rule H1 you have 90 days to report one that wasn’t authorized or didn’t match the agreement. For a withdrawal problem, use the casino’s complaint process, then iGaming Ontario’s player support.
Is Loonio safe to use at Ontario casinos?
None of the seven Ontario-registered casinos we review names Loonio on its payment pages. If another site offers Loonio, first check that the site is listed in iGaming Ontario’s directory of regulated sites. Loonio itself runs no casino.
Check what your bank allows · Casino reviews. Still deciding? Read Should you use a credit card? and How casino card payments work.
Gambling problem? ConnexOntario is free and open 24/7: 1-866-531-2600 (or text CONNEX to 247247).
Sources
Each document below was read on 31 October 2026 unless another date is shown.
- Interac personal FAQ (limits, reversals)
- Interac e-Transfer FAQ (timing, Request Money fees)
- CIBC: send an Interac e-Transfer (limits, fees, reversals)
- Simplii Financial: Interac e-Transfer (limits, fees)
- Tangerine FAQ: what’s the Interac e-Transfer limit?
- Payments Canada: pre-authorized debits guide (Rule H1 recourse) and Payments Canada: automatic withdrawals from your bank account, 29 November 2022
- Loonio homepage (how it works, brand protection notice), Loonio FAQ and Loonio terms
- Visa Merchant Data Standards Manual, October 2026 (PDF) (MCC 7995)
- Scotiabank Revolving Credit Agreement, effective 4 March 2025 (PDF) (cash-advance limit)
- Card fees and rates for TD, RBC, BMO, CIBC and Scotiabank: Do Canadian banks allow casino credit card payments?, where each agreement is linked (read 21–31 Oct 2026)
- Ontario payment pages, read 21 Oct 2026: Spin Casino, Jackpot City, Royal Vegas, Ruby Fortune; each casino’s terms and FAQ are linked from its review