There are many ways you can withdraw money from a bank. You can easily withdraw money from the ATM with your debit card or you can withdraw money from the bank in person using a checkbook. You can also use the online banking facility to make an online payment.
Key Takeaways
- In order to withdraw money from the bank with a check, you have to physically visit the bank
- You have to provide a valid photo id while withdrawing money using a check
- Nowadays, you can withdraw money with a check from the ATM booth
- Banks issues debit cards to their account holders to transfer money electronically
- Cardless ATMs allow the bank account holder to withdraw money from the ATM without the debit card
How To Withdraw Money From Bank With A Check
You can easily withdraw money from the bank with a check. You have to physically visit the bank where you open the account and submit your check. Now follow the below steps.
1. First go to one of your bank’s branches
2. Now fill out the check:
a) Write your own name on the line that says “Pay to the order of”
b) Now enter the amount that you want to withdraw
c) Before cashing the check make sure you endorse the check by signing the back with your name
3. Now handover the check with a valid ID card (if required)
4. The bank teller will check your account to see if there is sufficient balance and then check your identity before handover the money
How To Withdraw Money From Bank ATM With A Check
Nowadays, many ATM machines support inserting and depositing paper checks to your account. So you can withdraw money with a check from the ATM booth. If you have sufficient balance on your account then follow the below step to withdraw the money from the Bank ATM.
1. First insert your debit card into the ATM
2. Now type in your PIN and press the Enter button
3. Select “Deposit Check” from the available options
4. Insert the check into the check deposit slot
5. Then confirm the amount which is written on the check
6. Finally, withdraw the money you need from the ATM
How To Withdraw Money From Bank With Debit Card
Usually, a debit card is issued by a bank to its account holders to transfer money electronically, make an online payment, or withdraw money from the ATM when required. It’s a plastic payment car and with it, you can easily withdraw money from ATM. Here are the steps –
1. First go to your nearest ATM booth
2. Now insert your ATM card in the ATM machine
3. Then type in your 4-digit PIN and press the Enter button
4. Now select the type of transaction you want to do from the available options
5. Then select your account type
6. Then enter the amount that you want to withdraw from your bank account and press the Enter button
7. Wait a few seconds for the ATM to complete the process
8. Then collect the money from the lower slot of the ATM machine
9. After collecting the cash make sure you take a printed receipt of your transaction
How To Withdraw Money From Bank ATM Without Debit Card
There are many banks that offer cardless ATMs. Cardless ATMs allow the bank account holder to withdraw money from the ATM without the debit card. It makes accessing the cash even easier with the secure apps installed on the mobile phone of the account holder. You can use your digital wallet to withdraw the money from a cardless ATM. Here are the details –
1. First install the mobile banking app on your mobile phone
2. Now visit the nearest cardless ATM booth
3. Then request you’re withdrawing
4. Click on the Mobile Cash Access option on the ATM
5. After that open the mobile banking app on your mobile and scan the QR code on the ATM’s screen
6. Wait a few seconds for the ATM to complete the process
7. Finally, collect the money from the lower slot of the ATM machine
How To Withdraw Money From Bank Using A Bank Branch Teller
You can also withdraw money from your bank account using a bank branch teller. The process is very simple. First, fill out a withdrawal slip that you can find near the bank tellers in the bank. Now write down your account name, number, date of the withdrawal, and the amount of the money you want to withdraw from your account. Then sign the deposit slip. Now hand over the slip and your photo ID card to the teller. Now the teller will check your account balance and your identity. If everything is ok then the teller will give you the exact amount of money that you wanted to withdraw. Make sure to collect your withdrawal receipt and your ID once the transaction is completed.
FAQs Abbot How To Withdraw Money From Bank
How Can I Withdraw Money From My Bank Without A Debit Card?
If you don’t have a debit card there is nothing to worry about. You can easily withdraw money from your bank account without a debit card. Go to your bank teller and let them know you need to withdraw some money. Then provide your account information and photo ID card. The teller will fill out a slip for you and you’ll have your withdrawn from your account.
How Much Cash Can You Withdraw From A Bank In One Day?
There is no limit on the amount that you can withdraw from your bank account in one day. However, if your amount is more than $10,000 then your transaction will be reported to the government.
Is It Illegal To Withdraw Large Amounts Of Cash?
No, there is nothing illegal to withdraw a large amount of cash but different banks have their own security policy that you might have to follow when withdrawing a large amount of cash.
Can I Withdraw Money From My Bank Account Without ID?
Yes, you can withdraw money from your bank account without ID if you are withdrawing from an ATM machine. However, if you are withdrawing from a bank teller then you have to submit a valid photo ID.
How Much Can You Withdraw From An ATM?
The exact answer to this question depends on who you bank with. But usually, the withdrawal limit for ATMs can range from $300 to $5,000 per day. Each bank has its own withdrawal limits.
References:
1. https://www.fnbo.com/insights/2021/personal-finance/how-to-withdraw-money-bank-account/
2. https://www.fiscaltiger.com/how-to-withdraw-money-from-your-bank-accounts/
Last Updated on November 1, 2022 by Magalie D.
Magalie D. is a Diploma holder in Public Administration & Management from McGill University of Canada. She shares management tips here in MGTBlog when she has nothing to do and gets some free time after working in a multinational company at Toronto.
