Today, most banks (as well as some e-wallet services) in Canada allow you to send an electronic version of a check. This is most commonly known as an eCheck, but is also occasionally referred to as an electronic funds transfer or EFT. eCheck has been widely used since the early 2000s and has increasingly been accepted by sportsbooks and betting sites as a deposit method in recent years.
Using eCheck is very similar to issuing a physical check, except you don’t need to send an actual piece of paper anywhere. While the process differs behind the scenes, at the bettor’s end it is similar to using a credit card online or sending a wire transfer.