Canada’s leading banks have varying stances when it comes to allowing gambling transactions. The full list of banking institutions that allow card payments at online casinos can be found here.
Online Gambling With Bank Of Nova Scotia (Scotiabank)
Scotiabank, Canada’s oldest bank, will process online gambling transactions if the sites in question are operated by a Crown Corporation – that is, a state-owned enterprise owned by the Sovereign of Canada. This means that players in Ontario can use their Scotiabank accounts to play at PlayOLG.com, players in Quebec on espacejeux.com and players in BC and Manitoba at playnow.com. It also states it can freeze your account if it spots any instances of “illegal internet gambling.”
Online Gambling With National Bank Of Canada (NBC)
There’s no mention of restricting local or international online gambling transactions in National Bank of Canada’s personal account contract, which makes it a recommended option if you’d like to pay with a bank card at an online casino.
Online Gambling With Bank Of Montreal (BMO)
In theory, customers of Bank of Montreal can use their accounts to pay at any online casino. The bank’s umbrella term of “gaming transactions” included in the BMO Mastercard agreement includes “betting, off-track betting, race track wagers, casino gaming chips and lottery tickets”. However, BMO has been known to reject transactions that it regards as suspicious, which can be as innocuous as a small number of deposits to different online casinos every week.
Online Gambling With Canadian Imperial Bank Of Commerce (CIBC)
Canadian Imperial Bank of Commerce is not recommended as an online gaming bank, since its terms state that it can block any transactions that it identifies as internet gambling. The CIBC card agreement gives them the right to block any internet gambling transactions while the debit card agreement restricts online gambling payments to the card. However, you can still use it to a deposit funds to a third-party service such as Interac, which can then be used to make payments at an online casino.
Online Gambling With Laurentian Bank Of Canada (LBC)
Laurentian is one of Canada’s oldest and largest banking institutions. There is no mention of prohibiting gambling transactions in any of their terms of service, and their customers can expect efficient debit card deposits at online casinos. LBC is a recommended bank if you wish you make a deposit at an online casino using your bank card.
Online Gambling With Royal Bank Of Canada (RBC)
Similarly to CIBC, the Royal Bank of Canada card agreement also states that the bank can prevent online gambling transactions; however, it is acceptable to use it to deposit funds to a third-party service such as iDebit, which can then be used to make online casino payments.
Online Gambling With Toronto-Dominion Bank (TD Bank)
TD Bank credit cards are not recommended as a casino payment method since deposits at online casinos are regularly blocked, and have been so for nearly a decade. However, as discussed previously, this doesn’t prevent customers from making deposits to third-party payment providers, which can then be used to make online casino payments.