Want to move your winnings straight to your bank account? Electronic Funds Transfer (EFT) makes it simple. In this guide, we'll walk you through how it works, how to make a withdrawal step by step, and everything else you'll want to know along the way.

What Is Electronic Funds Transfer (EFT)

EFT is a safe and easy way to move money between your bank account and an online platform, with no debit or credit card required. All you need are your bank account details (institution, transit, and account numbers), and your money moves securely through the Canadian banking system.

How to Withdraw Using EFT

Withdrawing your winnings to your bank account is quick and straightforward. Just follow these steps:

1. Go to the Cashier/Deposit page and select EFT or Bank Transfer.
2. Enter your bank account details (account number, transit number, and branch number).
3. Choose your withdrawal amount and confirm your request.
4. Follow any on-screen instructions, as some banks may ask you to complete the transfer through your online banking.
5. Once you've completed the steps, your request will be submitted for processing.

What to Expect After Your Withdrawal Request

Here's what happens once you've submitted your withdrawal:

• Your request will show as Pending right after submission.
• We aim to process all withdrawals within 24 hours.
• After processing, your bank typically takes 3 to 5 business days to deposit the funds into your account.

What Details Do I Need to Use EFT?

To get started, just have these handy:

• Bank account number
• Transit number
• Institution number

Not sure where to find them? No worries, your bank can point you in the right direction.

Is EFT Secure?

Absolutely. EFT is a reliable and trusted way to withdraw your money. Your information stays safe and is handled directly by your bank.

Do I Need a Card to Use EFT?

Nope! EFT works entirely through your bank account, so there's no need for a debit or credit card.

How Is EFT Different from Interac e-Transfer?

Both are secure ways to move money, they just work a little differently:

• EFT sends funds directly between bank accounts and usually takes 3 to 5 business days. It doesn't require an email or phone number.
• Interac e-Transfer is often instant and uses your email or mobile number.

In short, EFT is just as reliable, with the added flexibility of not needing an email or phone.

Need help? We're available 24/7 and here to help!