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Finance & Banking vocabulary · Accounts & Deposits

Withdrawal

Meaning in finance & banking, with examples

/wɪðˈdrɔːəl/nounCore term

In finance & banking, withdrawal means: Taking money out of a bank account, for example at a cash machine or in a branch, or the amount that is taken out.

In Turkish: para çekme, çekim

How it is used

Used in branches, card services and deposit products. People make a cash withdrawal; time deposits may have an early withdrawal penalty. The verb is 'withdraw': 'withdraw cash from an ATM'.

Example sentences

  1. There is a daily limit on cash withdrawals from ATMs.

  2. Large withdrawals in a branch may need to be booked a day in advance.

Common collocations

  • cash withdrawal
  • ATM withdrawal
  • make a withdrawal
  • early withdrawal
  • withdrawal limit
  • depositMoney that you put into a bank account, or the act of putting it there. For a bank, customer deposits are its main source of funding.
  • balanceThe amount of money in an account at a particular time, or the amount still owed on a loan or credit card.
  • debit cardA card linked to your bank account that takes money directly from your balance when you pay or use a cash machine.
  • time depositMoney placed in a bank for a fixed period, such as 32 days or one year, at an agreed interest rate. Taking it out early usually means losing some or all of the interest.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Accounts & Deposits

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This page explains English vocabulary for learners. It is not financial advice.