Why your bank statement doesn’t match your deposit

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ByLucas Portela
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It is common to notice a small discrepancy—often a few dollars or cents—between your deposit amount and the final charge on your bank statement. While the betting site only requests the exact amount in Canadian Dollars (CAD), your bank may apply extra processing fees.

1. International processing fees

Even if a site is licensed in Canada, its payment gateway (the system that processes your card) might be located in Europe or the UK. When a transaction is processed offshore, many Canadian banks automatically flag it as international, triggering fees even if the transaction is in CAD.

2. Foreign Exchange (FX) fees

If your bank perceives the transaction as international, they will apply a Foreign Exchange Fee.

  • The Standard Fee: Major banks like TD, RBC, or CIBC typically charge a flat 2.5% to 3% for any transaction they consider “foreign.”
  • The Math: A $100 CAD deposit with a 2.5% fee results in a $102.50 charge on your statement, even though your casino balance only shows $100.

3. Cash Advance fees and interest

If you use a credit card, banks often categorize the deposit as a “Cash-Like Transaction.” As of May 2026, major banks apply the following:

  • Flat Fees: Usually the greater of $5.00 or 1% to 5% of the transaction (e.g., TD charges a minimum of $10).
  • Immediate Interest: Unlike regular purchases, interest (often 22% or higher) starts accruing the moment you deposit, with no grace period.

Tips to avoid extra fees

To ensure your deposit amount matches your bank statement exactly, use domestic Canadian services:

  • Interac e-Transfer: This is a purely domestic service with no international processors or FX fees. A $100 deposit will always be exactly $100.
  • Standard Debit: Using Interac debit avoids the international gateways used by Visa and Mastercard.
  • Prepaid Vouchers: Loading a CAD-specific voucher (like Neosurf or Paysafecard) gives you total control over the final cost.

❓ Frequently Asked Questions

Why did my bank charge me $5 extra?

This is likely a Cash Advance Fee. Most Canadian banks charge between $5 and $10 for “cash-like transactions,” which includes all deposits to gambling or betting platforms made with a credit card.

Will a Visa Debit card avoid FX fees?

Not always. If the payment gateway is outside Canada, your bank may still apply a 2.5% international fee. To avoid this entirely, use Interac e-Transfer or a standard (non-Visa) Interac debit.

How do I check if I was charged an FX fee?

Check your online banking app. Click on the transaction details; it will often show a line for “Foreign Currency Conversion” or list the original merchant location (e.g., Malta or Gibraltar).