How to deposit and withdraw on Coral | Step by Bet

How to deposit and withdraw on Coral 

Coral Logo SmallCoral have one of the safest and easiest banking systems in the betting industry. What’s probably most impressive is that with Coral you can deposit or withdraw serious sums money just as easily as you can with smaller amounts.

It’s worth pointing out that Coral include an encrypted banking feature which means each transaction is totally secure. This also applies to mobile devices that Coral have designed. This article will show you exactly to both deposit and withdraw using Coral, along with information that you need to be aware of.

Welcome Bonus – Bet £5, Get £20 Free Bet 

Before you make your first deposit at Coal, it’s worth noting that you will be eligible to claim a free bet worth up to £20 when you do. In fact, the promotion only requires you to make your first deposit and place your first bet of just £5 at odds of 1.50 or greater, then in return they will offer you 4 x £5 free bets.

Follow this link to claim the Coral Bet £5, Get £20 promotion

Banking features

Transferring your money to and from Coral online bookmakers is easy. There are many popular payment methods available to use and all payments are processed quickly and free of charge.

The available payment methods when depositing money are:

  • Major debit cards: Visa Debit, Visa Electron, Maestro and MasterCard.
  • Major credit cards: MasterCard and Visa
  • E-wallets: PayPal, Skrill, Neteller, ECO, Instant Banking and Click and Buy.
  • Voucher payments: Ukash and Pay Safe Card.

Withdrawal methods are as followed:

  • Major debit cards such as Visa Debit, Visa Electron Maestro.
  • Major credit cards such as MasterCard and Visa.
  • E-wallets such as PayPal, Skrill, Neteller, ECO, Instant Banking and Click and Buy.
  • Bank Transfer.
  • Cash withdrawal from one of Coral’s 1800 high street shops – proof of identity is required.

Step by step guide to deposit

Step 1 – Before you can deposit any money with Coral you will need to create a new account. Take this link the the Coral site, where you will be able to click “Bet Now” on the page and being the sign up process. Enter the relevant personal details and agree to the terms and conditions. Click “Next”. After registration you will be asked to select daily, weekly and  monthly deposit limits. All deposit limits are capped at £99,000.Coral open account

Step 2 – Once you’re logged into your account you will need to navigate to the top right hand section of the home page. Here you will see a button that says ‘Deposit’ and simply click that.Coral Deposit 1

Step 3 – A pop up will appear that will allow you to choose your payment method. If this is your first deposit or you want to add a different deposit method to the one you already have on account, then simply click the ‘Add new deposit method’ button.

Simply select the payment method that you want to deposit with. Coral Deposit 2

Step 4 – Once your payment method has been selected, simply enter the amount you wish to deposit along with the verification card number if you are depositing via debit/credit card. Next simply click the ‘Deposit’ button and your transaction will start to be processed. (Note: You may be asked for payment verification by your bank at this point, E.G. Verification by VISA). Coral Deposit 3

Step 5 – Next you will receive a pop up explaining how Coral keep all their funds in an independent trust account which is required by law. This is good! Coral Deposit 4

Step 5 – Finally you will receive a notification when the payment has been made and you are then able to go and use the funds as you wish on your account.  Coral Deposit 5

Step by step guide to withdraw

Step 1 – To withdraw money from your online Coral account, click the “My Account” link which can be found in an orange box in the top right hand corner of the Coral site.Coral withdraw 1

Step 2 – Click on the blue circular “Withdraw” icon on your account page.Coral withdraw 2

Step 3 – On the following page, select your withdrawal method, you will only be able to withdraw money via the same methods which you have previously used to deposit money.

Step 4 – Enter the amount of money that you wish to withdraw. You will see the minimum and maximum limits below the box where you enter this amount.Coral withdraw 3

Step 5 – Finally, click the big “Withdraw” button. Now you just have to wait for the payment to process and you can enjoy your winnings.

Fees and processing times

Banking with Coral is as straightforward as can be and all transactions are completely free, meaning that you can enjoy 100% of your winnings. There are, however, a few things that you should know regarding the deposit limits and processing times.

Depositing with Coral

Deposit Method Deposit time Deposit Fees Minimum Deposit
Debit card (Visa Debit, Visa Electron, Maestro, MasterCard) Instant No fees £5
Credit Card (MasterCard, Visa) Instant No fees £5
PayPal Instant No fees £5
Skrill Instant No fees £5
Neteller Instant No fees £5
ECOPayz Instant No fees £5
Instant Banking Instant No fees £5
Click and Buy Instant No fees £5
Ukash Instant No fees £5 (or whole voucher value)
PaySafe Card Instant No fees £5

Withdrawing with Coral

Withdrawal Method Withdrawal times Withdrawal fees Minimum withdrawal
Debit card (Visa Debit, Visa Electron, Maestro) 2-5 working days No fees £5
Credit card (MasterCard, Visa) 2-5 working days No fees £5
PayPal Instant No fees £5
Skrill Instant No fees £5
Neteller Instant No fees £5
ECOpayz Instant No fees £5
Instant Banking Instant No fees £5
Click and Buy Instant No fees £5
Bank Transfer 3-5 working days No fees £5
Cash withdrawal from Coral shop Instant No fees £5

Check Also

How to deposit and withdraw on William Hill

Online betting has made gambling on your favourite sports easier than ever before. From the ...