| New Customers Only | 18+
Customers have many options when it comes to making a Coral deposit and a Coral withdrawal. The site offers many banking methods and a quick and easy procedure for transferring betting funds in and out of an account. Coral banking methods are subject to standard charges and delays. The payment process allows new customers to start betting a few minutes after opening an account which is a positive.
Step by step guide to payment
Here are the steps that must be followed to make a Coral payment:
How to do a deposit
Please follow these instructions for making a Coral deposit:
- New customers register an account with a Coral promo code which activates the welcome bonus.
- Existing customers login entering their Username and Password.
- There is a Quick Deposit and Deposit option through My Account.
- The default deposit method can be changed.
- Select the amount and payment method.
- Click DEPOSIT.
Once the deposit has been confirmed the account balance is updated accordingly.
How to do a withdrawal
Please follow these instructions for making a Coral withdrawal:
- Existing customers make a deposit and place bets.
- Click on My Account.
- Select Withdraw.
- There is a default withdrawal method which can be changed.
- Specify the amount and payment method.
- Click WITHDRAW FUNDS.
Once the withdrawal has been confirmed the account balance is updated accordingly.
Coral Payment Methods
The table below summarises the main Coral deposit methods:
|Method of deposit||Min/Max deposit||Fee of transfer||Period/Duration|
|Debit/Credit card||£5 – no max||Nil||Immediate|
|e-Wallet||£10 – no max||Nil||Immediate|
|Bank Transfer||£5 – no max||Nil||Up to 3 working days|
|Cash In Store||£5 – no max||Nil||Immediate|
The table below summarises the main Coral withdrawal methods:
|Method of withdraw||Min/Max withdrawal||Fee of transfer||Period/Duration|
|Debit/Credit card||£0.01 – no max||Nil||2-5 days|
|e-Wallet||£0.01 – no max||Nil||2-5 days|
|Bank Transfer||£0.01 – no max||Nil||Up to 3 working days|
|Cash In Store||£0.01 – no max||Nil||Immediate|
Questions concerning payment
Here are some of the most common questions in relation to Coral payment:
What are the fees for making deposits and withdrawals?
Coral does not charge customers for depositing and withdrawing funds. This is in line with industry standards and any bookmaker charging banking fees would provide customers with a disincentive to make financial transactions with Coral and bet.
How does the proof of identity process work?
The two main security issues with Coral are underage gambling and money laundering. To combat these issues Coral requires new customers to prove their identity by providing copies of the appropriate documents. Proof of identity is part of the Coral sign up procedure which can be done with a Coral promo code.
What are the minimum deposits and withdrawals?
Most banking methods require a minimum deposit of £5 but a few ask for £10. The Coral sign up offer stipulates that £5 or more must be deposited before the offer is activated. The standard Coral minimum withdrawal is £0.01. In both cases, there are no maximum amounts which are limited only by the account balance. Coral does not place limits on withdrawals but the bank or card issuer may do so.
What are the times scales for making a Coral deposit and withdrawal?
All deposits are immediate except bank transfers which take up to three working days. Taking money from a betting account to a bank account also takes up to three working days. Other withdrawals have a time scale of 2 to 5 days depending on the banking method. Coral payment time scales are replicated across the industry and are standard for online bookmaking.
How can you cancel a withdrawal?
If there is a withdrawal pending and a customer tries to place a bet with no funds in the account there is the option to cancel a withdrawal. This option is only available before Coral begin to process the request.
Which currencies are available on the site?
Coral customers in the UK can bank and place bets using GB pounds. Other versions of the site will accept the local currency in the country of operation.
Do all the methods listed above allow international transfers?
International transfers are allowed using Coral payment methods.
Which are the payment methods available?
The following payment methods are available.
- Debit and credit cards.
- Bank Transfer
- Money Transfer
Coral Customer Service Evaluation
Customers with Coral have access to a comprehensive Help facility including a section entitled Banking & Payments. This section highlights minimum and maximum payments and time scales. The Coral customer service department can be contacted by phone, email and Live Chat and response times are good. The customer service hours are 7am to 11pm GMT Monday to Sunday.