Withdrawal Meaning In English

Withdrawal translation, meaning, definition, explanation and examples of relevant words and pictures - you can read here.

Other Languages:

Meaning

A withdrawal is money taken out of your account, such as removing money from a bank account, savings plan, pension or trust. This is usually done at an ATM machine or at a bank's physical location.

Example

Withdrawal Works in Bank:  A withdrawal can be made in fixed or variable amounts over a period of time or as a lump sum and cash withdrawal or in-kind withdrawal. Cash withdrawals require cashing out balances in an account, plan, pension or trust, usually through a sale. In-kind withdrawal includes taking possession of assets without converting them into cash.

Sentence

After withdrawing the required amount from his account, he checks how much is available in his bank account.