Depositing via the ECheck method to Echeck sites in Canada is very easy, and often instantaneous. Echecks function the same way as normal “paper” checks do in that the user writes the name of the receiver and the amount they are paying them and sends it on through.
However, these electronic checks (hence Echeck name) have no waiting time for postage etc, and funds are transferred almost immediately. This allows you to get in on the action immediately, avoiding those costly transaction times that other deposit methods must go through.
One of the things you must be aware of when using Echeck to deposit is the fact that transferred funds do not immediately come out of your bank account. They arrive in your sportsbook betting account right away, but it often takes a day or two to be withdrawn from your bank. Depending on your spending habits, this is critical because if you spend money that puts your balance below the deposit amount you requested, complications will arise.
ECheck Online Race & Sportsbook Handicapping Sites
While some inexperienced bettors may be hesitant to use Echecks as a funding method because of the personal financial information attached to them, you must know that they are one of the safest and secure methods out there. This protection is not only levied by the sportsbooks accepting your Echeck deposits, but also by your individual bank, so there really should be no security concerns with this method.
Given the instantaneous nature of funding a betting account with Echeck, this is a popular option for bettors in Canada. It enables bettors to get right back into the action after a cold stretch or when they are just starting out, and as long as you allow the deposit to go through before you start spending boatloads of your money on other things, that troublesome situation using Echeck will never arise.