When we discuss "eCheck," we are not talking about a company or a brand, as it relates to deposits at online casinos. We are instead talking about the concept of using electronic cheques, otherwise known as "instant cheques" or "eChecks," to execute a transaction quickly and easily in order to open up an account with a casino gaming establishment.
Those who use the eCheck method generally like it, because it is an immediate transaction. Therefore, speed is a virtue for people who want to sign up, get approved and get into the action rather quickly. It is, in effect, an instant transfer from your bank account, so you can imagine that it is going to be very popular for everyone involved.
The eCheck option is actually considered to be a very safe and reliable way to go for players who wish to get their online casino accounts started. This is basically how it works:
You will go to the casino website, and in the "cashier" section you will choose the "eCheck" method. Then you are going to be taken through to a form where you will be, in effect, constructing your own virtual check, just like you would if you were writing out a paper check. That means you will supply the casino with your bank account number, as well as the routing number of the bank you have the account with, and other details as necessary. You are electronically "signing" the check, and then off it goes.
As we mentioned, the money then goes right from your bank account to the casino, and will ultimately wind up in your own real money casino account. Well, actually that may not be the case. There is a transfer process that may take a few days, but when you do the eCheck, you are getting an approval, which guarantees that the casino will receive the funds. One supposes this may be a lot like a wire transfer, in which the transfer control number has been produced, even though the money have not officially been deposited in someone's account yet.
Some people may have concerns about security when they use the eCheck method. That is because they are sharing information about bank accounts with the casino. However, you must remember that banks are involved here, and they do employ very strict security standards.
If you have a bank account, you can write an electronic cheque, which, in most cases, looks very much like the paper cheques you use on a daily basis. Some casinos impose a limit on your first eCheck transaction, especially if it is your first transaction overall with them, but then limits can be raised after that.
Withdrawals generally work right through the same system, which is to say that the casino will send the money right back into your bank account, unless it is specified by the casinos' withdrawal policy that you will receive a paper cheque in return.
There are thousands and thousands of Canadian players who make use of eCheck as a viable method of kick-starting their casino gaming activity. So do millions of customers the world over!