In countries where gambling is legal, such as Canada, most banks take no issue in facilitating cash transfers. The Bank of Montreal is the oldest among the major institutions in the country that allows Canadians to conduct online casino banking.
From the time it was established in the year 1817, BMO has over 200 years in the banking industry. It is considered to be the fourth largest in Canada and the tenth-largest in North America. This bank has more than 900 branches spread across Canada, with over 45,000 employees serving more than 7 million customers.
However, BMO has some specific terms within its user agreement that determine who is eligible for their offline and online services.
TOP list of BMO online casinos
Here is our list of the top BMO casinos that offer the best games and payment methods that allow you to play with funds from your bank account.
What is the BMO online gambling Position?
According to the current BMO cardholder agreement, insurance policy term, and credit card FAQs, the bank considers online gambling transactions as cash-like and gaming transactions. Therefore, Canadians can deposit directly from their accounts, via BMO credit or debit card, and Interac eTransfer
Canadian gamblers should have no trouble making deposits at BMO online casinos using the available BMO banking services.
BMO gambling payment methods for Deposits and Withdrawals
In Canada, the fastest way you can use to deposit in your casino account from your bank account is through the ACH (automated clearing house) or eCheck facilities. However, this direct funding method requires that you provide some personal information to complete the transactions.
Canadians who prefer keeping their online gambling activities private and prevent sensitive financial information from falling into the wrong hands have resolved to the use of intermediary accounts. Besides BMO Credit, Debit, and BMO’s prepaid travel MasterCard, you can make e-transfers through Instant Banking and Electronic Wallets.
Bank of Montreal via Interac
Interac e-Transfers are popular among Canadians for deposits and withdrawals. The popularity has made it easy for online casinos in Canada to give it a priority among the other payment options. Over 250 institutions (Canadian banks and credit unions) offer Interac e-Transfer.
With an account in BMO, you will need the recipient’s email or mobile number, the amount you wish to send, and a shared security question and answer to complete the transaction. When receiving money and accepting your funds, you become the recipient.
In an Interac e-transfer, your money is withdrawn immediately from your BMO bank, but it will take up to 30 minutes for the recipient to receive the funds. Funding your BMO gambling site account with INTERAC Online offers instant and secure online transactions.
Bank of Montreal through Neosurf
With Neosurf, you will be required to buy instant, secure vouchers with money from your BMO bank account and then use them to fund your gambling activities in casinos online. This payment method is recommendable for making deposits, you can withdraw your winnings by wire transfer.
Bank of Montreal via PaysafeCard
Even though Netteller and Skrill are not available in Canada for online gambling transactions, you can use Paysafecards in making a casino deposit.
Bank of Montreal through Bitcoin
Unfortunately, BMO has blocked Cryptocurrency Transactions for its Credit Cards, Debit Cards, & Intrac Online Payment services. Therefore, you won’t be able to deposit in BMO online casinos card through Bitcoin. You will have to use other alternatives such as E-wallets to make the conversion.
Bank of Montreal via ecoPayz
One of the most popular and still working e-wallet in Canada. Unlike instant banking options, here, you will have to make a transfer to this account first before sending it to your casino account.
Bank of Montreal through Instadebit
Just like other instant payment methods, you can easily transfer your fund and withdraw your winning from and to your BMO account using Instadebit. Works the same as Interact e-transfer, the funds move from your BMO account to your casino through a gateway.
Bank of Montreal via IDebit
This instant banking method allows you to make a fast deposit of funds to your casino account. The only thing different from IDebit is that cashing out your winnings might take a few days to process. There is a CAD 1.5 fee for payment from bank and CAD 2 for moving your funds from BMO to IDebit. You can create and log in to your IDebit account or use the “Check Out as Guest” option to complete your payment.
Bank of Montreal through MuchBetter
This e-wallet payment method makes use of Interac and ACH to fund your online casino account from BMO. Their services are affordable and can be accessed via mobile devices.
Bank of Montreal via Vanilla Prepaid
Vanilla prepaid cards work on BMO online casino, so if you can find a way to purchase through your bank account of cards, then you will be able to fund your gambling activities. The only drawback in this solution is that it incurs a small fee, and you cannot use it to make withdrawals. Most Canadian players recommend the use of Mastercard branded Vanilla cards.
Bank of Montreal through Citadel Direct Canada
It is an instant payment method that works more or less like INTERAC. This alternative method allows Canadians to make instant payments directly from their bank accounts. You can use this service without even creating an account.
Pros and Cos of BMO online casinos
Pros of BMO Online Casinos
- Anonymity – your online gambling activity remains hidden if you use other payment methods to facilitate bank transfers
- Instant bank transfer deposit
- Your card details are secure and protected from third-party access
- secure and smooth withdrawal method
- Your account may be scrutinized and transactions blocked if you make
- Charges on wire transfers
- Bank wire withdrawals may take up to two weeks to reflect.
BMO online Gambling FAQ
Yes, you can deposit to online casino with BMO, but they may block the transaction if you go against their agreement. You can use your Visa or Mastercard credit and debit cards and paperless cheques (eCheck or ACH) to move your funds to BMO online casinos.
BMO is a trusted and respected member of Canada’s Big Five banking institutions. Therefore, it is safe to use their VISA and the payment methods we have provided to fund your online gambling activity with ease.
The fees you might incur when making transactions in BMO online gambling sites are small transactional, cash advance fees, and annual fee. You will need to check the casino and bank terms and conditions for further clarification.