20Bet Interac Withdrawals – #1 Guide 2023

Many people around the world choose 20Bet as their online betting site, and there are a variety of reasons why they do so.

The site offers a lot of great promotions and bonuses on an ongoing basis. They offer a wide variety of betting markets and great odds. They are a fully legitimate and licensed site that offers significant protection and safety features for players. And they have a nice selection of payment methods available for players to make deposits and withdrawals.

One of those payment methods is Interac, and it’s used by a lot of people who bet on 20Bet because of the ease of use, added security and anonymity, and speed of the transactions. If you’re new to Interac and are considering using it as a payment method for 20Bet, continue reading below.

We have provided a full guide on how to set up an Interac account, how to withdraw money from 20Bet, and all the limits and details of conducting financial transactions there. This should be all the information you need to get started betting on 20Bet using Interac as your payment method.

How to Create an Interac Account?

Interac is a way to send and receive money securely using your bank account. As such, you don’t have to actually set up a separate account with Interac. As long as your financial institution is set up for Interac — and there are more than 300 that are — then you are already good to go.

All you have to do to send money via Interac is to sign into your bank account online using either the financial institution’s online platform of mobile apps, if they have them. If your financial institution does not offer Interac, then you unfortunately won’t be able to use this payment method for either deposits or withdrawals on 20Bet (read more about the phantastic brand). 

If you are having trouble finding out whether your financial institution accepts Interac, then just reach out to your bank directly. After that, you will login to 20Bet directly to process all of your deposits and withdrawals using this payment method. All you’ll have to do is confirm the transaction through the Interac system for it to go through. 

The process for deposits and withdrawals using Interac at 20Bet is very similar, and we’ll break down all the steps you need to take to do so below.

Withdraw from 20Bet via Interac – How to Guide

Making a withdrawal from 20Bet via Interac is extremely simple. There are only a few short steps that you have to complete in order to do so. Below, we’ll walk you through every step in the process so there is no confusion. Here is our step-by-step guide on how to do that …

1. Login to your account at 20Bet. This can be done either through a web browser on your computer or mobile device, or through their mobile apps on mobile devices. The login section should appear clearly and big right on the homepage or first screen of the app. Use the login credentials that you set when you first signed up for an account on 20Bet to complete the login process.
2. Now that you’re logged into 20Bet, click on the “My Account” button. It will appear near the top of the page after you’re all logged in. Doing so will take you to your personal account page, where you will be able to make changes and transactions related to your account. This includes making a deposit and initiating a withdrawal request.
3. To make a cashout request, click on the “Withdraw” button next. This will take you to a new page where you conduct all withdrawal requests at 20Bet.

4. On this Withdraw page, a full list of all the available payment methods at 20Bet will be listed here. Browse through this list and choose the one that is best for you. For our purposes here, you’ll select Interac.
5. You’ll be taken to a new page now where you will enter all of your Interac details. In most cases, this will include entering the email address that is associated with your Interac account at your bank. There may be other identifying information that you need to enter, though.
6. After you finished that, enter the amount of money that you wish to cash out of your 20Bet account. Ensure that the amount you enter is within the limits set by 20Bet for withdrawals via Interac, which we’ll dive into further below. Also make sure that you have met all wagering requirements if you’re trying to cash out funds you earned from a bonus or promotion the site was running.
7. Check that everything you entered here is correct, and then click “Submit.” 
8. You may be asked to confirm the transaction request with Interac. If so, head over to your bank’s online portal and go to the Interac section. There, you should see the transaction request. All you’ll have to do is review the information and click accept.

You have now finished everything on your end to complete your withdrawal request via Interac. 20Bet will take over from here and begin to process your transaction so you can get your money. 

20Bet Interac Deposit Limits – What are the Limits?

Almost all betting sites set lower and upper limits for deposits for all their payment methods, and 20Bet is no different. This is done to protect both the player and the site from fraud and abuse, and to lower costs for the site.

The good news is that the limits for using Interac as a deposit method at 20Bet are very reasonable. The minimum deposit amount here is $10, or your currency’s equivalent. This is pretty low, and allows players to take advantage of the many bonuses and promotions that 20Bet offers on an ongoing basis. It also doesn’t require people to have a ton of money before they can bet on 20Bet.

The upper limit is similarly reasonable. In fact, it’s a whopping $100,000. That should be plenty for most bettors to deposit in one transaction. It isn’t too restrictive, and doesn’t force bettors to make multiple deposits to get in all the money to the site that they want. Even high-stakes gamblers should be pretty happy with that amount.

Another thing to note is that deposits using Interac process instantly. This means you’ll be able to use the money you put into your 20Bet account right away after you click submit. There is no waiting period at all. Just know that it may take a few business days for the transaction to reflect in your bank account.

What are the 20Bet Interac Withdrawal Limits?

20Bet also sets withdrawal limits for Interac and their other payment methods. Once again, this is done to protect against fraud and abuse, and to reduce the cost of processing transactions for the gambling site.

Luckily, the limits are fairly reasonable. The minimum withdrawal amount using Interac is $10. This is quite low, and allows players to have the flexibility they desire to do whatever they want with their money, whenever they want to do it. They don’t have to build up a huge bankroll on 20Bet from wins before taking money out.

The upper limit is reasonable as well. You can take out $4,000 at one time from 20Bet using Interac. Most players will be happy with this amount. However, if you would like to cash out more than this in one transaction, you can try to reach out to the 20Bet customer service team to see if they can increase the limit. There are no guarantees that they will do this, but it’s worth a shot.

Remember that if you are trying to withdrawal funds that you earned from a deposit or bonus, you need to meet the wagering requirements before you’ll be allowed to do so. In many cases, this just means wagering the bonus amount a certain number of times. 

In addition, know that it takes three to five business days for your money to appear in your bank account if you use Interac as a withdrawal method from 20Bet. The gambling site will start to process your cashout request right away, but it just takes some time for the money to appear in your bank account.

20Bet & Interac – Are There Any Fees?

Another great feature of 20Bet is that they don’t ever charge fees for deposits or withdrawals at their site, with Interac or any other payment method. This is great, as it allows players to use every cent of their own money how they’d like. They don’t have to worry about their bottom line being reduced simply because the gambling site takes a percentage out of their transactions.

Not every gambling site offers no fees on financial transactions, which is another reason so many players love 20Bet.

Advantages of Using Interac at 20Bet

There are many advantages to using Interac at 20Bet. One of the top ones is that it allows you to conduct financial transactions directly from your bank account without ever entering your bank account information at another site. This is a huge added layer of security and safety.

In addition, you don’t need to sign up for an account at Interac at all. You’ll automatically be given access to it as long as your financial institution is a partner of Interac, and there are more than 300 of them throughout Canada. 

20Bet also offers solid limits for deposits and withdrawals using Interac, which is another huge positive of using this payment method.

Disadvantages of Using Interac at 20Bet

One big disadvantage to using Interac is that it’s only available to customers from Canada. It also may only be able to be used when people are actually in Canada. So, if they are traveling out of the country, they may be blocked from making transactions at 20Bet using Interac.

In addition, withdrawals can take up to a week to complete from 20Bet to your bank account using Interac. While this isn’t a long time in the grand scheme of things, it would be nice if the timeframe was shortened a bit.

20Bet Interac Withdrawals – Conclusion

20Bet is one of the most recommended gambling sites in the world, and Interac is one of the best ways that players from Canada can get money into and out of their account there. 

Last Updated on 23/01/2023 ago by Devak Mukherjee