BANKING AFFAIRS

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.

Detailed explanation-2: -When your bank account is debited, money is taken out of the account. The opposite of a debit is a credit, in which case money is added to your account. Your account is debited in many instances.

Detailed explanation-3: -In finances, it is a procedure of removing or taking out funds from the account in the financial institution or the sum of money you take out. This word is also used to talk about deposits, it defines the money you take out of an account that has been invested into it.

Detailed explanation-4: -: the act of taking back or away something that has been granted or possessed. : removal from a place of deposit or investment. c(1) : the discontinuance of administration or use of a drug. (2)