After depositing £5 on the Hollywoodbets app, we wanted to test how quickly we could withdraw the money from our account. We were pleasantly surprised by the outcome, to say the least. Not only was the process quick, but the funds reached our account in just less than 30 minutes.
This is fantastic, and among the fastest withdrawals that we have seen when testing the major betting sites in the UK. Seeing as we withdrew with a Visa debit card, the speed likely has a lot to do with the Visa Direct feature, which allows for much faster withdrawals than normal.
Hollywoodbets has been operating out of South Africa for nearly 40 years, but it took a long time before the brand entered the UK market. Indeed, the bookie's website was only launched in Ireland in 2017 and the UK version came a year after that. As a result, it's safe to say that most punters will have little knowledge about the brand.
In the table below, we have collected everything you need to know about withdrawals at Hollywoodbets, from the payment methods available to the withdrawal time for each. Our result with a Visa debit card was indeed impressive, but the Instant Banking option is even faster thanks to the new technology.
Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
---|---|---|---|---|
Visa | £1 | No limit | No fee | 1-3 business days |
Mastercard | £1 | No limit | No fee | 1-3 business days |
Neteller | £0 | No limit | No fee | Within 24 hours |
Skrill | £0 | No limit | No fee | Within 24 hours |
Paypal | £1 | No limit | No fee | Within 24 hours |
Instant Bank Transfer | £0 | £10,000 | No fee | Instant |
Hollywoodbets supports several different payment methods for withdrawals but as revealed by our test, Visa debit card is among the fastest options. We got the money in less than 30 minutes, though it's possible that it would be even faster with Instant Banking. In fact, it's likely much faster as this method usually takes just a few minutes (if even that).
The minimum withdrawal amount is also lower for Instant Banking at £0 (!) - while it stands at £1 for most of the other methods. Speaking of the latter, Neteller, Skrill and PayPal are also considered to be fast withdrawal methods at Hollywoodbets, usually processing everything within just a few hours (though up to 24 hours).
For those who are looking to withdraw winnings from Hollywoodbets for the first time, it might not be completely obvious where to go, or what to do, to get your hands on your money. Our easy step-by-step guide for how to withdraw from Hollywoodbets has all the details:
After opening the app, you need to tap the 'Profile' icon in the top right of the screen, which will give some drop-down options including the one we want: 'Withdraw'.
Once you have entered this area, you now must choose your payment method, and you may be shocked by the range of methods and the minimum withdrawal amounts - we certainly were!
Now that you have selected your method, the next step is to enter how much you would like to withdraw - and we chose to withdraw our initial £5 deposit back to the same Visa debit card used.
After this, your withdrawal will be completed, and you will be shown a confirmation of the transaction being submitted. From this point, it took less than 30 minutes for the money to reach our account which is fantastic.
Once you have requested a withdrawal from Hollywoodbets, as per our step-by-step guide above, you can find the current status of the transaction in the 'Balance History' area of the app. Whilst it will not display a time when your funds should arrive, your transaction ID is provided, should you need to raise a claim.
Since Hollywoodbets is so good for fast withdrawals, you might be tempted to sign up on the site. Fortunately, there are some great welcome offers to claim when joining the bookie, as you can see below.
Operator | Welcome Offer | Bonus Code | Claim Offer | |
---|---|---|---|---|
| Welcome Offer Up To £30 Back as a Free Bet + 20 Free Spins | No code required | Claim Offer | Deposit £10+ on card. Stake £10+ on both your 1st & 2nd bets at min odds of 1.5 (1/2) within 3 days of registration & receive a £10 Free Bet for each qualifying bet resulted as a loss. Free Bets only be valid on multiples with 3+ legs & min cumulative odds of 3.0 (2/1). Min odds of 1.4 (2/5) required per leg. Free Bets must be used within 3 days of them being received. 20 Free Spins will only be available for use on the slot game ‘John Hunter and the Book of Tut Respin™.Promo period: 12/08/2023 – 01/01/2024. |
| Welcome Offer Bet £10 Get 100 Wager Free Spins | No code required | Claim Offer | For new players who register on the App. Card deposit of £10 required. Deposit and wager a minimum of £10 on any slot in order to receive 50 Free Spins to use on both Money Train 3 and Big Bass Bonanza. Free Spins will each carry a value of £0.10. Promo period: 01/04/2023 – 31/12/2023. |
Accredited football journalist with a focus on Italian football, working for the likes of SempreMilan and Serie A Total. As an avid punter, I enjoy browsing sportsbooks for the best-value bets.