How to Withdraw Money From Your Bank Account | Easy Guide
February 4, 2025
How to Withdraw Money From Your Bank Account
Taking money out of your bank account is usually easy, but knowing your options can help even more. You might use a withdrawal slip, an ATM, or your account online. This guide will explain each method in simple steps. It’s also good to know what to do if you lose your debit card and still need cash.
Learning how to withdraw money from the bank will help you get your money quickly, no matter what happens. By the end, you’ll know exactly how to make withdrawals without any trouble.
How to Withdraw Money From the Bank In-Person
If you’re visiting a bank branch, you have a few easy ways to take out money. If you don’t have your debit card, you can fill out a withdrawal slip or write yourself a check. Both methods are simple and don’t take much time. You just need to know what information to include and where to go.
Here’s a step-by-step breakdown of the easiest ways to withdraw cash without using a debit card.
1. Fill Out a Withdrawal Slip
Withdrawal slips are available at many bank branches. In some cases, the bank teller will fill out a digitized slip for you using your ID and bank account number. At some banks, you’ll need to fill out a paper withdrawal slip.
Here’s how to use a physical withdrawal slip:
Locate the withdrawal slip, which is usually found near the teller counter.
Fill in the required details:
Your name.
Account number.
The amount you want to withdraw.
Your signature.
Hand the slip to the teller along with your ID.
The teller will verify your information and give you the cash.
This is one of the common ways to withdraw money if you don’t have a debit card on hand.
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2. Write a Check for Cash
According to the Federal Reserve, checks are being used less often than they were in years past. Still, billions are written each year.[1] If you have a checkbook, you write a check to yourself to withdraw cash at a bank.
Follow these steps:
Fill in your name on the “Pay to the Order of” line.
Fill in the amount you want to withdraw.
Sign the Front and the back of the check.
Hand it along with your ID to the teller to cash it at the bank’s counter.
Writing a check for cash is another method that’s especially useful if you don’t have your debit card.
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How to Withdraw Money From an ATM
ATMs are convenient for withdrawing cash at any time of day. It is recommended that you use your financial institution's ATM to avoid fees. If you use an ATM outside of your financial institution's network, you may be subject to a fee from both the ATM provider and your financial institution.
Here’s what to do:
Insert your debit card into the ATM and enter your PIN.
Select the “Withdraw Cash” option.
Choose the account (checking or savings).
Enter the amount you want.
Confirm the transaction and take your cash, receipt, and card.
If you’ve misplaced your debit card, some banks offer cardless ATM withdrawals using their mobile apps. Check with your bank for availability.
Recommended: See Centier’s Surcharge-Free ATM Locations
How to Withdraw Money From an Online-Only Bank Account
Taking cash out of an online-only bank account is a little different. Since these banks don’t have physical branches, you can’t walk in to get your money.
But don’t worry — you still have a few options:
Many online banks work with ATM networks. You can use your debit card at these ATMs to take out cash. Make sure the ATM is in your bank’s network to avoid extra fees.
You can move money to a regular bank account and take cash out there. This might take a day or two, so plan ahead if you need it fast.
Some online banks let you get cash back when you pay for things at stores with your debit card. This is quick and often free.
Always check your bank’s rules and fees before withdrawing money. Knowing what to do will help you avoid surprises and make getting cash easy.
FAQs About Withdrawing Money From Your Bank Account
How Much Money Can I Withdraw From My Bank Account?
Withdrawal limits depend on your bank and account type. Many ATMs cap daily withdrawals between $300 and $1,000. If you need more, visit a branch or call your bank. For large withdrawals, banks may ask for extra verification, like confirming the purpose or showing additional ID. If you often need higher amounts, request a limit increase from your bank.
Can a Bank Stop You From Withdrawing Money?
Yes, in some cases. Banks may restrict access due to account funds availability, withdrawal limits, suspicious activity, legal holds, or account freezes. This could include unusual withdrawals, fraud concerns, or government actions. If this happens, contact your bank right away to discuss the issue.
Do I Need an ID to Withdraw Money From the Bank?
Yes, a valid ID like a driver’s license or passport is required at branches to verify your identity and prevent fraud. If you don’t have one, some banks allow alternative verification like security questions or your debit card.
Can I Withdraw Money From My Savings Account?
Yes, but some bank rules limit certain savings withdrawals to six per month. Exceeding this limit can lead to fees or account restrictions. Plan withdrawals ahead or use your checking account for frequent transactions. Repeated violations may lead to account changes.
Get More From Your Bank Accounts With Centier
Withdrawing money from your bank account is simple when you know your options. Whether you prefer visiting a branch, using an ATM, or need to access your online-only bank, more choices lead to more convenience and flexibility. When you have questions, don’t hesitate to ask your bank for help.
Need an account with multiple options? Open a Centier checking account today and start managing your money easily.
[1] https://www.federalreserve.gov/paymentsystems/fr-payments-study.htm
