Coral Payment Methods

If you are looking to open a Coral betting account, then you might be wondering what deposit and withdrawal methods are available.

Coral offers a huge selection of payment options to deposit and withdraw your cash.

If you are looking for easy and instant deposits, alongside fast withdrawals through to a range of payment methods, then Coral might be the site for you.

Check to see how Coral compares to the largest maximum payout betting sites online in December 2022.

Continue reading our article to find the best deposit and withdrawal options for you, on the Coral betting site!

Contents

How do I withdraw money from Coral?

If you have an active and verified account with Coral, you can request a withdrawal of funds via the following process:

  1. Log in to your Coral account.
  2. Select the withdraw button. Once you have clicked the withdraw tab, you will be shown a drop-down list of Coral withdrawal methods.
  3. Select the payment method you would like to use.
  4. Follow the instructions given on the screen.

You may need to provide additional security details for certain withdrawal and deposit methods.

When you have finished the withdrawal request, you will receive an email, to the registered email address, with a confirmation number and additional withdrawal information.

How do I deposit money into Coral?

To make a deposit on the Coral site, take the following steps:

  1. Log in to your Coral account.
  2. Select Deposit, located on the My Account tab.
  3. Select your choice of payment.
  4. Select the amount you wish to deposit.
  5. Once the deposit has been confirmed, your account credit will be updated accordingly.

Coral offers a range of deposit methods, such as debit cards and PayPal.

All of their deposit methods are completely free of charge.

Always ensure that the name on your Coral account matches the name registered with your chosen banking method. If the names differ your deposit attempt may fail.

From February 2022, the maximum deposit any player can make at one time will be capped at £2,000. The max deposit restrictions only apply to UK players.

What is the Coral maximum payout limit on a single bet?

The maximum payout on the Coral site is £1 million for horse racing, Irish Lotto and 49’s, and Football and Greyhound racing.

Coral Max Payout

Maximum Payout £1,000,000
Coral Max Payout

18+ New UK+IRE customers. PayPal and certain deposit and bet types excluded. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4 x £5 free bets valid for 7 days on sports, stake not returned, restrictions apply.

Full T&C's Apply

You can find specific information regarding the maximum payouts of different types of betting on the Coral website.

Max payout details apply to each individual event, so make sure to check the unique payout for the specific bet you are placing.

If you have placed a multiple bet, with multiple different max payouts, the lowest payout limit will be applied to any winnings.

What is the maximum withdrawal from Coral per day?

With Coral betting, the maximum amount you can withdraw per day is £20,000, and the minimum withdrawal you can make is £5.

These restrictions apply to all payment methods on the site.

What is the maximum deposit from Coral per day?

The maximum deposit you can place per day on Coral is around £2,500, using a debit card.

Deposit limits may vary based on the kind of payment being placed.

If you are unsure of the deposit limit for your favoured payment type, or the type of bet being placed, make sure to check the terms and conditions.

Does Coral accept credit cards?

Coral accepts many debit cards, including Visa, Mastercard, and Maestro.

However, they do not accept any credit cards.

New regulations brought in on 14th April 2020 prohibit UK customers from funding their betting accounts with credit cards.

So, if you are a UK based customer, you will not be able to use credit cards on the Coral site, including through e-wallets, like PayPal.

You can still use debit cards and other prepaid cards, such as Monzo, to make deposits and withdrawals.

If you have registered credit cards before the 14th of April 2020, then you can still use these to make withdrawals. The rules were incited to prevent any deposits via credit accounts.

You won’t be allowed to register any new credit cards, after April 2020.

How long does it take to withdraw money from Coral to a Credit Card or a Debit Card?

Funds withdrawn from Coral betting to a credit or debit card may take up to 3 working days to show in your banking account.

When you make your withdrawal request, you will be informed whether your withdrawal method allows for Visa direct.

If your request qualifies for Visa direct, then your funds will reach your bank account within 4 hours of the request being accepted.

All withdrawals will be processed back to the same card where possible. If a withdrawal back to the card is denied, then the money will be sent back to you using Bank Wire transfers.

The bank transfer will be sent to the name that is registered on your Coral account.

Does Coral accept PayPal?

Yes, PayPal is an accepted form of payment for Coral betting.

PayPal allows you to make fast deposits and withdrawals into your Ewallet. You don’t need to enter any debit card or bank account details.

Deposits from PayPal are instant and there isn’t a charge. Always make sure you have verified your PayPal before attempting to make any initial deposits.

To make a deposit using Paypal, select ‘My account’ and then ‘Deposit’. Next, select PayPal as your payment option. You can then enter the amount you wish to put down.

The minimum deposit with PayPal is £10.

You will then be sent through to the PayPal site where you need to enter your details to confirm the payment.

Once you have confirmed your deposit through your PayPal current account, the funds will be automatically uploaded to your Coral account.

Remember, the name you have registered with Coral needs to match the name registered on your PayPal account.

How long does it take to withdraw money from Coral to PayPal?

PayPal withdrawals from Coral may take up to 8 hours for the funds to be received into your account.

Coral does not charge for any withdrawals to a PayPal deposit account.

Your funds will be sent to the same PayPal account you have used for your deposit.

You can request a PayPal withdrawal by accessing the Banking tab, via the My Account section, and selecting withdraw.

You can change the amount you wish to withdraw from your account, however, the minimum amount you can take out at one time is £5.

Does Coral accept Skrill?

Coral accepts Skrill for players based outside the United Kingdom.

If you are a UK player, Skrill is not a viable payment method.

For players outside the UK, you can use Skrill for any deposits or withdrawals. The minimum deposit using Skrill is £5 and the maximum is £25,000.

You can deposit funds from Skrill by selecting the Deposit tab, located in the right-hand corner, then selecting Skrill from the drop-down list. Enter the amount you want to add to your account and then click Deposit.

Skrill deposits are instant and free of charge.

How long does it take to withdraw money from Coral to Skrill?

Skrill withdrawals, from a Coral betting site, may take up to 8 hours to be received into your e-wallet account.

For players outside the UK, they can use their Skrill account to make a withdrawal request.

You can request a Skrill withdrawal by accessing the Banking tab, via the My Account section, and selecting withdraw.

The minimum withdrawal amount, at one time, is £5.

Does Coral accept Bitcoin?

No, Coral does not accept any cryptocurrency, such as Bitcoin, as a form of valid payment.

Does Coral accept Revolut?

No, Revolut is not an accepted payment option on the Coral site.

Does Coral accept Monzo?

Monzo is classed as a debit account, so, there is no reason why Monzo would not be an acceptable method for Coral withdrawal and deposit.

For all information on Coral deposits and withdrawals, read the information under the credit card heading of this article.

Monzo payments can be used to deposit for any horse racing bets on Coral, including Cheltenham with Coral, and Grand National with Coral.

How long does it take to withdraw money from Coral to Monzo?

Coral withdrawals to a Monzo account can take up to 2-5 working days to be received.

You can request a Monzo withdrawal by accessing the Banking tab, via the My Account section, and selecting withdraw to your chosen debit card.

You can change the amount you wish to take out from your Coral account balance, however, the minimum amount you can take out at one time, to a debit account, is £5.

Does Coral accept Amex?

Credit cards, such as Amex, are not an accepted method for deposits on Coral.

If you have a registered Amex card from before April 2020, you may still be able to use this for withdrawals.

Coral allows a wide range of payment methods to make withdrawals and deposits, such as bank transfers or bank wires.

Keep reading to find the best payment methods available for you!

How long does it take to withdraw money from Coral to Amex?

Credit card withdrawals, from Coral betting, can take between 1-3 working days to be received into your credit account.

To make a credit withdrawal click on the Banking tab, via the My Account section, and select withdraw to your chosen Amex credit card.

The minimum amount you can take out at one time, to a credit account, is £5.

Does Coral accept Apple Pay?

Yes, if you are a player based in the UK, Apple Pay is an accepted method of payment on the Coral site.

There are no charges for using Apple Pay to deposit and withdraw funds.

You can deposit funds from Apple Pay by selecting ‘My Account’ and then ‘Deposit’, then select Apple Pay from the drop-down list. Enter the amount you want to add to your account and then click the ‘Buy with Apple Pay’ icon.

Confirm your deposit using your Apple passcode, Touch ID or Face ID.

Funds will appear in your Coral account straight away.

Remember that Coral doesn’t accept credit card deposits, so you need to ensure you are using a debit payment, or your deposit request could be denied.

How long does it take to withdraw money from Coral to Apple Pay?

Coral withdrawals using Apple Pay accounts are issued via bank wire transfers which take around 1-3 banking days to reach your account.

All withdrawals will be directed to the same bank account that you used to make your deposit, if possible.

If it isn’t possible to send your withdrawal to the same account, then the bet credits will be sent to you via Bank Wire.

Does Coral accept Phone Bill?

Yes, you can use your phone bill or mobile credits to make deposits on the Coral website.

Phone bill payments can be made through a range of services, such as Boku and Payforit.

Phone deposits are popular as you don’t need to enter any private or sensitive information, such as bank details, in order to add funding to your Coral account.

To make a deposit using your phone bill method, select a service, such as Boku, from the drop-down menu in the deposit tab.

The minimum deposit for most Coral phone payment methods is £5.

How long does it take to withdraw money from Coral to Phone Bill?

Most withdrawal methods from Coral take 1-5 working days to be delivered to the payment account.

There is no definitive time frame listed for mobile payment withdrawals.

Does Coral accept Boku?

Coral can accept Boku payments for deposits.

Boku is a favoured method of depositing for popular casinos, due to the ease at which you can put down bet credits.

Select Boku as your method of payment, input your deposit amount and then enter your mobile number.

You should then receive a text message with a one-off code for identity verification. Once you have confirmed the code, your funds will be credited to your Coral betting account.

If you deposit using Boku, your withdrawals will be sent to you via wire transfer.

How long does it take to withdraw money from Coral to Boku?

Withdrawals from Coral via Bank Wire will take between 2-4 days to be received.

You will be sent an email from Coral informing you when your cash is likely to appear in your bank account.

Does Coral accept Ecopayz?

You can’t use Ecopayz to deposit or withdraw on the Coral site, as it is not an accepted method of payment.

Coral betting site offers cash out betting, Coral guaranteed best odds, and fallers insurance for their customers. So, make sure to find an accepted payment method so you can take advantage of their amazing features.

Does Coral accept Ethereum?

Ethereum cannot be used on Coral for depositing or withdrawing bet credit.

Does Coral accept Neteller?

Yes, Coral payment methods accept Neteller accounts.

Remember that Coral doesn’t accept credit cards deposits, so you need to make sure your Neteller account is connected to either a debit card or bank account instead.

If you sign up to the Coral site using Neteller, you won’t receive their welcome bonus.

In order to take full advantage of the welcome deals that Coral offer, you can sign up using another payment method, then select Neteller, once your account is up and running.

How long does it take to withdraw money from Coral to Neteller?

Coral withdrawals using Neteller accounts take around 8 hours to be delivered to your e-wallet.

The minimum withdrawal amount, using Neteller, is £5.

For withdrawal requests that are less than £5, get in touch with Coral’s customer service team.

To make a Neteller withdrawal click on the Banking tab, via the My Account section, and select withdraw to your Neteller account.

Does Coral accept Payforit?

Yes, Coral accepts pay-by-phone options, including certain deposit methods, such as Boku and Payforit.

To deposit your funds, you need to register your mobile, or landline, number to the coral site and then follow their guidelines for mobile payments.

Your coral deposit options will be included in your next Coral phone bill.

How long does it take to withdraw money from Coral to Payforit?

Coral withdrawal methods, such as bank transfers, will take 2-4 days to be received.

You will be sent an email from Coral giving you an idea as to when your cash will appear in your bank account.

Does Coral accept Paysafecard?

Yes, Paysafecard is one of the multiple payment methods accepted by Coral.

The Coral minimum deposit for a Paysafecard is £5.

You can make a Coral deposit using your Paysafecard account by selecting ‘My Account’, then ‘Deposit’. You can then click Paysafecard as your preferred payment method.

Once you click ‘Deposit’ again, you will be redirected to the Paysafecard website, where you will need to enter your account details and pins.

You will need to accept the Paysafecard T&C’s and then confirm your payment.

When you return back to your Coral betting account, your funds will be available to use, as deposits are processed instantly.

How long does it take to withdraw money from Coral to Paysafecard?

A Coral withdrawal to a Paysafecard account can take up to 8 hours, for the funds to reach your e-wallet.

8 hours is a fairly quick withdrawal time, which is why Paysafecard is a popular payment method for withdrawing funds.

The minimum withdrawal amount using Paysafecard is £5.

Does Coral accept Trustly?

Yes, Coral does allow its customers to make a withdrawal or deposit using Trustly.

New customers who sign up using Trustly can even access exclusive welcome bonus deals.

Be aware that Coral hasn’t always accepted Trustly as a valid payment method, so always check to see if there have been any restrictions put in place.

How long does it take to withdraw money from Coral to Trustly?

You cannot make withdrawals using Trustly on the Coral site.

If you have deposited using Trustly, then you will receive your withdrawals via bank transfer to your preferred payment provider.

Coral withdrawals via wire transfer will take between 2-4 days to be received.

You will be sent an email from Coral informing you when your money is likely to be received by your bank provider.

Does Coral accept Mpesa?

Unfortunately, Mpesa is not an accepted method of payment on the Coral betting site.

However, there are many other payment options you can choose from that support withdrawals.

Does Coral accept Naira?

No, Coral is not able to accept Naira as a form of payment.

Why does Coral restrict bets on betting accounts?

Coral can limit bets on betting accounts if you win too much on winnings.

Coral accounts can send a notification that your account has been restricted, meaning there is a limit to the amount you can stake.

If your account has restrictions, you won’t be able to withdraw any bonuses, unless the bonus requirements needed to remove the restriction have been met.

Summary

This article has covered certain deposit methods that many casino players use.

The most commonly used platforms for Coral financial transactions include Paypal, Debit cards, Paysafecard, and Apple Pay.

E-wallets are very useful for Coral players, as deposits are processed instantly and you can make a withdrawal very easily.

Certain platforms, like credit cards and Ecopayz, are not acceptable methods of payment.

Make sure you check if Coral has placed any new restrictions on payment platforms, prior to making a new deposit.

If you are interested in what fast withdrawal betting sites are available, read our informative article.

Check out Corals horse racing live streams today, for fun on the go!

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As the Founder of British Racecourses, I have a life-long passion for horse racing and have loved the sport as long as I can remember. I am also a keen racehorse owner and have worked in the gambling industry for several years. I set up British Racecourses with the desire to share my passion for racing with other like-minded people.