Canadian gamblers who prefer to pursue their hobby online are lucky enough to live in a country where it’s regulated and legalized. This fact certainly widens punters’ horizons when it comes to the choice of gambling platforms and payment methods.
While the number of available payment solutions is constantly growing, plenty of Canadians tend to stick to the old ways and choose traditional financial institutions to fund their gambling activities.
With that in mind, we’re going to be discussing TD — a national bank with years-long experience under its belt.
About TD
The Toronto-Dominion Bank — also known as TD Bank Group — was founded in 1955 as a product of the merger between the Bank of Toronto and the Dominion Bank. It’s one of the largest and most popular financial institutions in Canada, with around 22 million customers worldwide.
In the Great White North, the bank operates as TD Canada Trust — a division that was created after TD acquired Canada Trust in 2000. It is a part of the Canadian Big Five, with around 1,100 branches across the country and approximately 11 million Canuck clients.
Can I Gamble Online With a TD Account?
The bank’s Cardholder Agreement prohibits players from using TD services to finance their online gambling. In fact, this banking company started blocking credit and debit card transactions to gambling sites back in 2013.
Nevertheless, there are other payment methods that you’ll be able to use for this purpose. According to the mentioned agreement, customers are allowed to pull money from their accounts for the purpose of so-called cash-like transactions. These include buying casino gaming chips, betting, off-track betting, and race track wagering.
Still, don’t be surprised if some of your transactions don’t go through, as the very same agreement warns its customers that the bank might block any transactions relating to internet gambling without prior warning.
For reference, here are some examples of their product terms and conditions as they apply to online gambling.
- TD Green® Visa
- TD Business Cash Back Visa
- TD Business Select RateTM Visa
- TD Venture Line of Credit Visa
These products all state in their terms and conditions the following:
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.
So how can we get around this and still continue to gamble online safely?
TD Payment Methods for Online Gambling Transactions
Canadian players are nothing short of resourceful. Consequently, they have discovered new ways of making transactions to online gambling platforms. They started using e-wallets, instant banking, and prepaid cards as intermediaries for their money transfers.
These are the TD-approved banking options available to Canadian gambling enthusiasts:
- Interac — This is one of the most popular banking methods in Canada that allows users to make instant payments. If you connect your TD account to Interac, you’ll be able to make deposits and withdrawals to your favourite Canadian gambling sites without disclosing the nature of your transactions. In addition, since it’s so popular, you should find this banking method on offer in most online casinos that target Canadian players.
- InstaDebit — This is another instant banking system that allows you to move funds straight from or into your TD bank account without revealing any sensitive financial information.
- iDebit — Quite similar to InstaDebit, iDebit is a payment system that lets users deposit money into the online casino of their choice instantly. However, withdrawing funds will take a bit longer, as it requires customers to create an iDebit account to be able to transfer money from gambling. Only then will they be able to withdraw funds from iDebit and send them to their TD bank account.
- Paysafecard — Another option available to punters is a prepaid card, like this one. You can preload your Paysafecard with money and then use those funds to make payments. There is a downside to this method, though — it only works for deposits.
- ecoPayz — This is one of the most widespread e-wallets in Canada. To use it, you’ll have to transfer money from your bank account into your wallet and then from the wallet into the online casino account. Still, these additional steps will take more time for the same transaction in comparison to some other payment options.
- Neosurf — Canadian gamblers can purchase Neosurf vouchers with the money from their TD Canada Trust accounts. Then, they can use the voucher funds for their gambling activities. That being said, this service does not offer withdrawals, just like Paysafecard.
- Vanilla — A third prepaid card option at your disposal is Vanilla. You can get it in a store, at a gas station, or online. Buyers can use it immediately, as it is activated with the first purchase. However, bear in mind that you’ll only be able to use this card for payments to merchants in the US and District of Columbia.
- Inpay — You can transfer money right from your bank account using this payment solution as well. Transactions can be done in CAD in a few simple steps. Keep in mind that this method is still new to the iGaming market, so you might struggle finding casinos that accept it.
TD Bank Instant Banking
The three most popular, convenient, and comfortable ways for Canadian players to use their TD Bank accounts to transact with casinos are Interac, Instadebit, and iDebit.
Interac is the most well-known cashless purchase vehicle in the country. You probably already use Interac Online to 
shop on the web, or Interac e-Transfer to pay bills or transfer money to family and friends.
You might be surprised to learn that it is just as easy to fund an offshore casino account as it is to shop at Amazon or to send some money to a friend.
Interac offers two distinct services in its online and e-Transfer products. Not all online Canadian casinos accept payments using Interac Online, but all should accept a deposit from your TD Bank account using Interac e-Transfer. Another advantage of using the e-Transfer service is that winnings can also be paid back into your bank account with ease.
We’ve prepared an easy to follow step-by-step guide to using Interac at an online casino. It will help you safely and securely use your TD Bank account to gamble at any of our vetted and reviewed casinos in a manner of minutes whether you have ever used Interac before or not.
Instadebit is another Canadian-based instant transfer method that you can use with TD Bank. You can transact in
CAD$ or USD$, and deposits are, well, instant! The fees are very low ($2 or less per transaction) and it can be used to cash out winnings to your bank.
Like Interac, Instadebit is far more convenient than eWallets such as ecoPayz because the funds transfer directly from your bank to the casino as well as the other direction.
The process is also very secure as the casino will never see your personal banking details as they would with a wire transfer or ACH payment. The risk of online identity fraud is nearly zero and reduced even more by the fewer number of transactions needed to accomplish a deposit or withdrawal.
Another important consideration is that since you are transacting through an intermediary, TD Bank will not be aware of the purpose of your transaction, so they won’t interfere by denying the transaction. In the same light, your account statement will not list a casino as the beneficiary of your deposit, nor the source of your withdrawals. All transactions will simply appear as INSTADEBIT.com or 1-877-88DEBIT.
You can set up an Instadebit account simply by visiting the Cashier, Payments, or Banking section at any of the casinos listed on our Instadebit page. It’s also a good place to learn about specific fees and withdrawal times.
If you prefer to set up your Instadebit account before depositing, you’ll also find instructions for creating an account there. The process is simple, quick, and easy.
iDebit is the last Instant Banking solution we’ll discuss for TD Bank customers. The method is very similar to Interac 
e-Transfer and Instadebit in that transaction are instantaneous and occur directly from your bank account. Fees per transaction are $2 or less, and iDebit can be used to withdraw funds from the casino directly into your TD Bank account.
The first time you make a deposit with funds from your TD Bank account it will take about five minutes. You don’t need an existing account with iDebit to make your first deposit. You can check out as a guest and will have the option to create an account when you are done with your transaction.
The process is simple and straightforward. You can review directions here or simply jump right in by going to the cashier section of any casino listed on that page.
TD Bank Electronic Wallets
While Skrill and Neteller will no longer process offshore casino transactions for Canadian customers, there is one 
electronic wallet that will. That eWallet is ecoPayz.
The reason these products are called “wallets” is that they hold money. Funds are transferred from your bank to the wallet before being spent or used for payments. When you are paid by a casino, the money does not go directly into your bank account – rather, it is placed in your wallet and you can spend from there or transfer the money into your TD Bank account whenever you are ready.
To learn more about how it works and how to create an account to use ecoPayz with your TD Bank account, please visit our ecoPayz casinos page.
Prepaid Cards
As we mentioned earlier, you will not be able to make a deposit at an offshore casino by keying in your TD Bank credit
or debit card numbers as you would for making another online purchase. However, there are several devices such as Neosurf or Inpay that you can fund with a Visa or Mastercard before depositing.
Other devices such as prepaid cards (Vanilla, etc.) can be used to deposit, but seldom work for withdrawals.
Cryptocurrency
Alternatively, if you are not comfortable with any of the above options, we would recommend using cryptocurrency to play at an online casino. If you are a newbie, then it might take some time to learn how to trade for crypto, but the benefits of using crypto at an online casino are pretty advantageous. Then benefits being, withdrawals are generally processed much quicker and there are usually much less KYC requirements in order to play.
Pros and Cons of Gambling with a TD Account
Like any other payment option, TD has its strengths and shortcomings. Below, you’ll find the most relevant ones for Canadian gamblers:
- Safety — TD Bank prides itself on keeping its users’ online transactions and financial data safe through the use of secure firewalls. The institution’s safety measures also include PINs, passwords, access card numbers, and a 2-step verification process. Finally, TD makes sure clients’ funds are protected in case of a bank failure by having all its accounts FDIC-insured.
- Availability — Since TD Bank is one of the largest and most chosen banks in Canada, you should have no trouble finding it in the list of banking options in your preferred casino.
- Fast payouts — Depending on the payment option you use in connection to your TD bank account, your transaction can clear in a matter of 24 h.
- Privacy — The use of intermediary payment solutions we’ve listed above should allow you to keep your personal and financial information private and safe.
Final Thoughts
As we’ve discussed, Canada does find online gambling legal as long as the site you’re playing on is properly licensed. What’s more, players can use their accounts in national banks such as TD to pursue their hobby.
While this option comes with some restrictions, you can still rely on third-party payment methods, like an instant banking system, an e-wallet, or a prepaid card, to avoid possible repercussions. All of these make up for a solid selection, so Canucks should be able to find something that fits their needs and jump straight into the action in no time.
FAQ
How safe is it to use a TD account for online gambling?
The Toronto-Dominion Bank has a long-standing history and a great reputation within the realm of financial institutions. In addition, it uses numerous safety measures to protect its clients and their money, which makes it a completely safe payment method.
Can I make deposits to online casinos using my TD Bank account?
Although TD Bank has restrictions in relation to internet gambling, there are still payment methods Canadians can use in connection to it. Intermediary payment solutions, like e-wallets, instant banking systems, or prepaid cards do the trick quite well.
Can I make crypto payments using my TD account?
No, you cannot. TD Bank has stopped allowing its customers to use its credit cards to purchase cryptocurrencies.
