Potential Deposit Fees
However, there are some instances where you will have to pay transaction costs to deposit at a casino. This will be largely dependent on the banking method you use and the online casino you play. If you use a credit or debit card, you may need to pay a small fee of 1% to 2%. Also, your financial institution might charge you a foreign transaction fee if you are playing a casino located outside your country, and if you are playing from Canada, chances are that will be the case.
Potential Withdraw Fees
This is pretty rare. Even if you are transferring money from a foreign casino, you probably won’t have to pay a fee. However, in some case, you might have to pay a fee if you choose to deposit more than what they limit you to. For example, they could say you can withdraw once a month for free, but more than that for 10%. If you are playing in currency other than the Canadian dollar, you will also have to pay an exchange fee to put it into your bank account. If you use an e-wallet, however, you could buy things online or deposit at the casino again in that currency without having to exchange it over. In fact, Skrill is so tailored specifically toward the online casino player, they have famously low currency exchange rates.
Other Potential Fees
Some casinos will charge you a fee if you win a large progressive jackpot, or make it so that you can deposit a small amount at a time for free, and take it all at once for a fee, like the do for the lottery. And they’re not really fees, but rollover requirements mean you have to bet a certain amount before you can withdraw your winnings if you take advantage of a bonus or promotion, so if you win a ton of money, you have to bet that amount before you can withdraw.
Generally speaking, you won’t see much in the way of fees at an only casino. Many players deposit, play, and withdraw without ever having to pay a fee. It is also worth noting that when you do have to pay a fee, they are surprisingly reasonable. Just make sure you read the fees and the terms and conditions before you register and deposit, and all will be fine!