Ever since its launch in 2000, Instant Banking has been one of the most popular payment methods thanks to the numerous benefits it offers. It is characterized by innovation, security, and availability.
If you would like to find out more about Instant Banking by Citadel, you should check out our review — it will introduce you to this payment method and allow you to see for yourself what it has to offer.
Instant Banking by Citadel is a member of the UK Electronic Money Association. It allows consumers to make payments online directly from their bank account, bypassing the use of credit cards. It rose in popularity thanks to the familiar method of payment that millions of people were already using to pay household bills.
It allows users access from multiple devices, such as desktop PCs, laptops, etc. It even offers a mobile-friendly experience, making the service one of the most convenient online payment methods.
The main reason why you should use Instant Banking by Citadel is the fact that it eliminates the need for credit cards. Another reason is the availability of this payment method.
An additional benefit is that you do not have to register on their website to use their services; also, the service they provide comes with no fees. Moreover, the process is instantaneous and secure as Instant Banking by Citadel adheres to the same standards that their supported banks are obliged to meet.
Depositing funds using Instant Banking by Citadel is quite straightforward — there are only a few steps to follow in order to complete the process.
Some banks do not support the web-based version of Instant Banking by Citadel so you will have to install a Payment Assistant app that will help you complete the transaction.
One thing to be aware of when withdrawing funds using Instant Banking by Citadel is the fact that the service is not always available or instant. Also, it may sometimes include a fee, depending on the place you are withdrawing your funds from. When it comes to the process itself, it is as straightforward as the one for depositing funds.
Instant Banking used to be one of the most popular methods among bettors and casino players, as it ensured anonymity while allowing them to safely deposit funds. However, after new legislation laws were passed in Canada, this popularity came to an end.
Nowadays there are no bookmakers that support this method of payment. Thus, many Canadians have switched to Instadebit.
As great as Instant Banking is, it still has its flaws. Ironically, its availability is also its disadvantage. Namely, it is not available in all countries, and there are still a lot of banks that do not support this method of payment.
At the same time, many places that do support it as a payment method may not support it as a method to withdraw funds, which means that consumers can’t use it exclusively. Finally, while Citadel doesn’t charge any fees for their services, some banks still might, so make sure to keep a close eye on that.
When it comes to payments, you can contact the merchant where the payment was made. For Merchant Support, you can send an email at [email protected], and you will receive a reply within two hours, Monday to Friday 9AM-5PM PST. For sales inquiries, you can send an email to [email protected].
Citadel’s head office is in London, UK and you can contact them via telephone at +44-020-7150-7420 or contact their Vancouver office at 1-604-299-6924.
How long does it take to receive money using Instant Banking by Citadel?
The process is virtually instantaneous.
Does it cost more money if I make a large deposit?
Citadel doesn’t charge any fees for their services. However, your bank might, so it depends on them.
Can I use Instant Banking by Citadel outside of Canada?
Yes, it is available in 30 countries worldwide.
Who benefits most from using Instant Banking by Citadel?
The consumer benefits the most from using this service.
Which banks is Instant Banking by Citadel available through?
Over 200 banks support Instant Banking.
Do I have to open an account with Instant Banking by Citadel to use their services?
No, you do not.
Are transactions via Instant Banking by Citadel protected?
Yes, Instant Banking is one of the most secure payment methods.
Can I reverse a transaction using Instant Banking by Citadel?
It is possible, but it mostly depends on the merchant receiving the payment.