Withdrawal terms & fee (2024)

FAQs

What are the withdrawal fees? ›

Bank withdrawal fees are charges for moving funds out of an account held with a financial institution. These fees can show up on bank statements for routine activities like making debit transactions, paying bills, transferring money and withdrawing cash.

A term used to describe the physical and mental symptoms that a person has when they suddenly stop or cut back the use of an addictive substance, such as opiates and opioids, nicotine products, or alcohol.

A withdrawal penalty refers to any penalty incurred by an individual for the early withdrawal of funds from an account that is either locked in for a stated period, as in a time deposit at a financial institution (e.g., a CD), or where such withdrawals are subject to penalties by law, such as from an individual ...

Savings Withdrawal Limit Fees

If you are charged a fee for too many convenient transactions, it might be called a “withdrawal limit fee” or “excessive use fee.” These fees tend to run anywhere from $1 to $15 per transaction. In some cases, you might ask your bank and see if they would waive the fee.

Use your bank's ATMs, both locally and abroad. ATMs outside your bank's network may charge a fee. Get cash from in-store purchases. Use your debit card to get cash back when checking out at a store to avoid taking out cash at other bank's ATMs that may charge a fee.

Federal law allows banks to charge fees, including service fees. The bank is required to disclose to you any fees associated with an account before you open the account. Another federal law requires ATM operators to provide notice to consumers that a fee will be charged.

The phrase 'term withdrawal' applies to the dropping of all courses in all sessions of a term for which a student is registered at the University of Houston. A term withdrawal may be initiated by a student after consultation with the departmental graduate advisor.

This is in place because financial institutions want to protect you and your money to keep you safe from scams, fraud and financial crime. These questions can feel intrusive, but they are there to safeguard you and your money.

Examples of withdrawal in a Sentence

She made a withdrawal from her checking account. He underwent rehab to help him through his withdrawal from heroin. She experienced symptoms of nicotine withdrawal after she quit smoking.

Withdrawal Adjustment means a reduction to a requested withdrawal from this Contract equal to [5%] of the amount requested. In the event that a Withdrawal Adjustment is applied to a requested withdrawal from this Contract, the Contract Balance shall be reduced by the requested withdrawal amount.

Can banks charge a withdrawal fee? ›

Yes, after certain transactions, the ATM card charges a fee for money withdrawal.

This means you could get charged an excessive withdrawal fee—or risk having your account closed—if you make more than six outgoing transactions a month. For this reason, it's important to review your savings account disclosure or call your bank to see what limits and fees may apply.

Fee charged by your financial institution when you withdraw money at an ATM that your financial institution doesn't own. Your financial institution adds this fee to the regular account fees.

A savings account withdrawal fee is a flat charge made when you make more withdrawals or transfers than a stated limit. Depending on the institution and account type, savings account withdrawal fees typically range from $1 to $15. Limits may vary by number and period type.

Usually, your bank won't charge an ATM fee when you use a bank-branded machine. However, if you use an ATM outside of the bank's network, you'll likely face an ATM fee. This includes withdrawals, deposits and balance inquiries.