Instant Banking By Citadel No Deposit Bonus Casinos (2024)

What Instant Bank Transfer Is All About: Quick Intro

Instant Bank Transfer (IBT) is a Canadian bank account-based payment solution designed to facilitate quick deposits and withdrawals between users' bank accounts and their preferred gaming platforms.

Payment method	Instant bank transfer
Available for deposits	Yes
Available for withdrawals	Yes
Fees	No
Countries available in	Canada
Currencies	CAD
Headquarters	Toronto, Canada
Regulatory compliance	American Institute of CPA's Service Organization Control, FINTRAC
Founded	2000
Acquired	2014
Parent company	Paramount Commerce

The Two-Sided Coin of Opting for Instant Bank Transfer Casinos

Playing at casinos that accept Instant Bank Transfer payments has advantages, but there are also limitations worth considering. Let's examine them:

Good stuff:

• Pay instantly from your bank account without signing up or downloading any apps.
• IBT stores your bank details for one-click repeat payments after the 1st transaction.
• Gaming transactions appear on your statement as PAYDIRECT or INSTANT BANK TRANSFER, not under the casino name.
• $100,000 CAD limit for both deposits and withdrawals.
• Instant Bank Transfer doesn’t charge you transaction fees.
• Machine learning & AI algorithm-powered anti-fraud protection.
• You can cash out via Paramount Instant Banking regardless of the service you used for deposits.

Drawbacks:

• The service only works with Canadian dollar (CA$) bank accounts.
• You must be currently located in Canada to use IBT.
• Withdrawals are slow and might take up to 5 days to show up in your bank account.

Instant Bank Transfer Online Casino Payments Explained

Whether depositing or withdrawing funds at Instant Bank Transfer casinos, you typically need to follow these easy steps:

1. Select Instant Bank Transfer as your payment method.*
2. You will be redirected to a secure IBT window.
3. Log in using your online banking credentials.
4. Choose your preferred bank account from the list (if you have multiple accounts).
5. Double-check that all details are correct.
6. Confirm the transaction amount to finish the payment.

* You could also find it under "Instant Banking" or "Instant Bank Transfer by PayDirect," depending on the site.

Claiming No Deposit Bonuses at Instant Banking Casinos

Redeeming free bonuses at casinos that accept Instant Banking is usually as simple as just signing up or logging in to your account.

On some sites, though, you may be asked to enter a special bonus code (we have plenty for you on this page!) or perform some extra steps.

Read the bonus T&C to learn its activation requirements.

Does Instant Bank Transfer Live Up To Its Name?

Yea!! I think that Instant Bank Transfer no deposit bonus casinos are a great choice for gamblers living in Canada, on par with Interac casinos.

IBT is fast and gets the job done without wasting your time with additional service sign-ups.

But it suffers from the same problem as its fellow Paramount buddies: it's only available to Canadians. As someone residing in Eastern Europe, I find this gatekeeping disheartening. I wish we had a comparable quality service available here.