What is a withdrawal from a bank account?

• A. Taking money out of your savings or checking account, typically with a debit card or at an ATM
• B. Opening a new savings account
• C. Depositing money into an account
• D. Earning interest on a balance

Answer: (A)

A withdrawal means taking money out of your bank account. You usually do this with a debit card or at an ATM, and it lowers your account balance because you’re removing cash or paying with the card. The other options describe different actions: opening a new savings account is about starting a place to hold money, depositing money adds funds to your account, and earning interest means your balance grows a bit over time from the money you already have. So the description that fits a withdrawal is taking money out using a debit card or at an ATM.