We decided to put Coral's withdrawal process to the test by withdrawing the minimum amount of £5 with a Visa debit card. We were told on the confirmation page that it would arrive within four hours, but we had the money in our bank account in less than an hour. In other words, punters who sign up will not have to worry about withdrawals being slow.
Coral is one of the major betting sites in the UK and several punters have signed on the site over the years, with a very comprehensive sportsbook offered. Naturally, Coral got a very good rating in our review and that partly has to do with the withdrawal times. Indeed, those who enjoy betting with fast withdrawals have come to the right place.
Below, we have collected the key information about withdrawals at Coral, such as the payment methods available and the withdrawal time for each. While some popular methods are missing, there is no need to be disappointed.
Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
---|---|---|---|---|
Visa | £5 | Not specified | No Fees | 60 minutes in our test |
Mastercard | £5 | Not specified | No Fees | 1-3 business days |
Paypal | £10 | Not specified | No fee | Within 24 hours |
Apple Pay | £5 | Not specified | No Fees | 1-3 business days |
Bank Transfer | £5 | Not specified | No Fees | 2-4 business days |
Instant Bank Transfer | £5 | Not specified | No Fees | Within minutes |
The fastest way to get your winnings from Coral is by Instant Bank Transfer, which we have raved about in the past. This brilliant piece of technology means you will have your winnings, straight in your bank account mind you, within just a few minutes. It does not get much better than that, in other words, and the minimum withdrawal amount is also set at £5.
Almost all of the banks in the UK now support this feature and it is bound to get very popular moving forward. Some punters might not like the absence of an e-wallet such as Skrill or PayPal, but VIsa Direct is another option for fast withdrawals (within 4 hours). The feeling is that since introducing Instant Bank Transfer, Coral has decided to focus on this method fully.
The third-best option, though not a terrible one, is withdrawing with Apple Pay. It will take just as long as a standard debit card withdrawal, but the process is a bit more convenient.
If you are unfamiliar with the process of withdrawing funds from Coral, you can follow our step-by-step guide on how to do so below:
When you would like to withdraw funds, you will need to head to the ‘Profile’ section, which can be found by clicking the icon in the top right-hand corner of your screen. You will be given two standout options, to ‘Deposit’ or to ‘Withdraw’, in this case, we want to ‘Withdraw’.
Similarly to the ‘Deposit’ process, you will be offered several methods to withdraw your funds. Having said that, you can also use the ‘Preferred Method’ option which is much faster if you want to use an already saved method. In our test, we withdrew with a Visa debit card.
Next, you will need to enter the amount you would like to withdraw. The minimum amount is £5 for all payment methods and we opted for this amount in our test.
After entering the withdrawal amount, tap on the green ‘Withdraw’ button, and you will be taken to a confirmation page. There is a suggestion about how long the process will take, and whilst it says four hours, we received the payment in less than an hour in our test!
Mastercard is one of the most popular payment methods among Coral customers, fueled by the fact that you need a debit card to claim the welcome offer. The minimum withdrawal is set at £5, just like Visa, but Mastercard withdrawals are generally slower than its rival. That is because Coral supports the Visa Direct feature.
Therefore, those who withdraw funds with Mastercard from Coral can expect the money to arrive within three days. It can take longer than that too if your bank isn't playing ball but from experience, withdrawals are relatively quick after all even with a Mastercard.
Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
---|---|---|---|---|
Mastercard | £5 | Not specified | No Fees | 1-3 business days |
Apple Pay is one of the options for Coral punters who would like to withdraw funds, provided that this method also has been used to deposit funds. The minimum withdrawal amount is still set at the low £5 and the withdrawal time depends on the debit card provider, with Visa usually faster than Mastercard (it took less than an hour in our test).
Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
---|---|---|---|---|
Apple Pay | £5 | Not specified | No Fees | 1-3 business days |
In 2023, Coral decided to change how the Coral Connect card works and as such, it is no longer possible to withdraw online funds in one of the betting shops. The card's main purpose is now making use of the online promotions in-shop, so it effectively acts as a membership for those who like to place bets in person.
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| Welcome Offer Bet £10 Get £40 in Free Bets | No code required | Claim Offer | 18+ New UK+ROI Customers only. Min deposit & bet £10 at min odds 1/2 to qualify for 4 x £10 free bets. Certain deposit methods and bet types excl. Free bets valid for 7 days, stake not returned. Restrictions + T&Cs apply. |
| Welcome Offer Play £10 Get £50 Casino Bonus | No code required | Claim Offer | 18+. New customers only. Min spend £10 on qualifying games. Certain deposit types excluded. £50 Bonus on selected games subject to 40x wager req. Must accept within 14 days, valid for 30 days. Player restrictions and T&Cs apply. |
Isak is an experienced content writer with a background in sports journalism. Having focused mainly on football in the past, he certainly knows a thing or two about the betting industry and what makes a good bookie. At BettingLounge, he makes sure that the content is up-to-date and presented in the best way possible.