What is the meaning of withdrawal slip?


According to GCF Learn Free, a withdrawal slip is an official bank form that a customer uses to remove, or withdraw, funds from his bank account. To use a withdrawal slip, Hands On Banking notes that the customer must be present at a bank branch and personally authorize the withdrawal.

According to GCF Learn Free, a withdrawal slip requires the account holder to provide the account number, account holder's name, amount of money to be withdrawn and date. It must include the account holder's signature in order to be valid. The withdrawal slip often has the bank's name pre-printed on it. Hands On Banking notes that an account holder presents the completed withdrawal slip to a bank teller in order to receive the requested funds.

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withdrawal slip | Define withdrawal slip at Dictionary.com
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