BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A withdrawal is:
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When money is switched from one account to another
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When money is put into your account
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When money is taken out of your account
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When money is in your account and gaining interest
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Explanation:
Detailed explanation-1: -What Is a Withdrawal? A withdrawal involves removing funds from a bank account, savings plan, pension, or trust. In some cases, conditions must be met to withdraw funds without a penalty. A penalty for an early withdrawal usually arises when a clause in an investment contract is broken.
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