Coral Withdrawal Time - Our Test for 2024

Find the withdrawal time, as well as key terms, for each payment method at Coral UK as we put the withdrawal process to the test.

Coral withdrawal time UK
Written by Ben Dixon
Verified by BettingGuide team
Last updated 18/09/2024

How Long Does Coral Take To Pay Out? Our Test Result

Coral's website suggests that withdrawals can be rather quick, at least when using Visa Direct or Instant Banking, so we decided to put this statement to the test. Withdrawing the minimum amount of £5 with a Visa debit card, we did not have to wait long as the money arrived in our bank account after just 50 minutes. A result worthy of one of the best bookmakers.

Withdrawal Time for Each Payment Method at Coral

Most punters have an account at Coral, having claimed the generous welcome offers, but not all will be completely familiar with the withdrawal process on the site/app. We have tested it ourselves and it must be said that we were impressed, as everything was smooth from start to finish - not to mention that the money arrived quickly.

The minimum withdrawal is very low for all methods except for the popular PayPal, which has a slightly higher amount of £10. Below, we have collected everything you need to know about withdrawing funds from Coral, from the payment methods available to the specific terms for each of these.

Payment Method Min. Amount Max. Amount Transaction Fee Processing Time
Visa logo
Visa
£5 Not specified No fee 60 minutes in our test
Mastercard
Mastercard
£5 Not specified No fee 1-3 business days
PayPal
PayPal
£10 Not specified No fee Within 24 hours
Apple Pay
Apple Pay
£5 Not specified No fee 1-3 business days
Instant Bank Transfer
Instant Bank Transfer
£5 Not specified No fee Within a few minutes

Coral Welcome Offers

OperatorWelcome offerBonus codeSee Offer
Coral
Coral Betting offer
Welcome offer
Bet £5 Get a £20 Free Bet
No code required
See Offer
18+ New UK & ROI Customers only. Min deposit £5. Min first bet £5 at minimum odds 1/2 to qualify for 1x20 free bet. Certain deposit methods and bet types excl. Free bet valid for 7 days, stake not returned. Restrictions + T&Cs apply.
Coral
Coral Casino offer
Welcome offer
Bet £10 Get £50 Casino Bonus
No code required
See 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.

How to Withdraw From Coral: Step By Step

If you are new to Coral and would like to find out how to withdraw funds, you can follow our step-by-step guide below:

  • 1

    Navigate to the Withdrawal Cashier

    If you have an account with Coral, make sure you are logged in before starting the process. Then, tap on the profile icon in the top-right corner of the screen. This will bring up a menu and now you need to choose 'Withdraw', as you can see in the image below.

    Coral deposit/withdrawal 1
  • 2

    Select Your Preferred Payment Method

    In the next step, in the Coral withdrawal cashier, you need to choose your preferred payment method for the withdrawal. If you already have a method saved, you can opt for that one and there will be no need to fill in any details.

    Coral Withdrawal 2
  • 3

    Enter the Withdrawal Amount

    After choosing the payment method, you need to enter the withdrawal amount. Keep in mind that the minimum withdrawal amount is £5 for all methods except PayPal, which has a minimum amount of £10.

    Coral withdrawal 3
  • 4

    Tap On 'Withdraw'

    To complete the process, tap on 'Withdraw' and you will be brought to a confirmation page. Here, you will also see the estimated withdrawal time based on the payment method you chose. In our test, we withdrew with a Visa and although the notice said within four hours, we got the money after just 50 minutes.

    Coral withdrawal 4

What is the Fastest Way to Withdraw From Coral?

Those who are looking to get their hands on the money quickly will be happy to hear that Coral has a couple of options, maybe even three, to make this happen. Instant Banking is the no-brainer for this as the money arrives within a few minutes tops, while Visa Direct is another good option as proven in our test (took just 50 minutes).

PayPal could be argued as a good method too, seeing as withdrawals tend to take just a few hours with it and at most 24 hours. If we had to choose, though, we would go with Instant Banking for depositing at Coral as well as withdrawing. This is simply because there is no faster method and it is also considered safer than debit cards.

Coral Withdrawal Time FAQs

According to our test, it can take as little as an hour for funds to arrive even when withdrawing with a Visa debit card. The fastest method, however, is Instant Banking as these withdrawals arrive within just a few minutes.

Yes, Coral pays out at any time and this usually does not affect how long a withdrawal takes. Having said that, if the system is busy with many withdrawal requests at once, it might take a little bit longer than usual.

There can be several causes for this but usually, this is because you are yet to verify your account on Coral. Alternatively, it could be that Coral has requested proof of payment method and needs the documentation before proceeding with the withdrawal. Of course, you should also double-check that you are within the payment methods minimum/maximum withdrawal amount.

Ben Dixon
Ben Dixon
Last updated: 18/09/2024

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.