Withdrawing To A Canadian Bank Account

By now my bankroll is a pretty good size, so I decided to take some money out to pay bills. By far the best way to do this is to transfer the money into your PartyPoker account, and then do an electronic funds transfer into your bank account. You need to first register your bank account by giving them your account information from your cheques. Then they will make two small deposits of a few cents into your account, which you then need to verify with them before your bank account is fully registered.

The reason I go through PP is because they have the best currency exchange rates around. Their rates are even better than the Bank of Canada's posted US$ exchange rate, and are way better than Neteller's rates. However, you can't just deposit money into your PP account, and then withdraw it right away into your bank account. PP doesn't want people to use them as a bank, so if you want to withdraw some money then you will need to play some poker for a while after your deposit. And if your going to play poker, then you might as well try to clear a bonus at the same time.

This week, PP has a reload bonus of $100 cleared after 1000 raked hands (a reload bonus is basically a deposit bonus for existing customers). They also have another bonus going where if you join the Poker Players Alliance for $15, you can get another $100 bonus cleared after 1000 raked hands. I'll be playing at PP for the next little while to clear both these bonuses.