bank withdrawal

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bank withdrawal

A customer makes a bank withdrawal at the ATM.

Definition
  1. Noun:
    • The act of taking money out of a bank account: A "bank withdrawal" is the specific action of removing funds from one's personal or business account held at a financial institution.
Usage
  • This term is used to describe the transaction itself, not the physical cash received. It is a formal and specific term common in financial contexts.
  • It typically refers to a single, specific instance of taking money out.
  • Example:
Examples
  • Noun:
    • She went to the ATM to make a bank withdrawal.
    • The bank withdrawal was recorded in his online statement.
    • There is a daily limit for bank withdrawals at this ATM.
Advanced Usage
  • "to make a bank withdrawal": This is the standard collocation for performing the action.
    • I need to make a bank withdrawal before we go shopping.
Variants and Related Words
  • Withdrawal (n): The general act of taking something back or removing something. In finance, it often implies "bank withdrawal" but can be used in other contexts (e.g., withdrawal from a treaty, drug withdrawal).
  • Cash withdrawal (n): A more specific term emphasizing the receipt of physical cash, often used interchangeably with "bank withdrawal."
  • Deposit (n): The antonym; the act of putting money a bank account.
Synonyms
  • Cash withdrawal: Taking out physical currency.
  • Debit: An accounting record that represents a withdrawal of funds from an account.
Related Phrases
  • Withdrawal slip (n): A paper form once commonly used to authorize a bank withdrawal.
  • Withdrawal limit (n): The maximum amount of money one can take out in a single transaction or within a set period.
bank withdrawal

A customer makes a bank withdrawal at the ATM.

Noun
  1. the withdrawal of money from your account at a bank