"Cash WD" typically means cash withdrawal. It refers to the act of taking cash from an account.
Understanding Cash Withdrawal
A cash withdrawal involves accessing funds held within a bank account and receiving physical currency. This can be done through various methods.
Methods of Cash Withdrawal
- ATM (Automated Teller Machine): Using a debit card and PIN to withdraw cash from an ATM.
- Bank Teller: Visiting a bank branch and requesting a withdrawal from a teller.
- Debit Card Purchases: Getting cash back when making a purchase with a debit card at a point of sale.
Definition According to Reference:
According to the provided reference, Cash Withdrawal means any amount obtained by use of the Debit Card or the PIN or in any manner authorised by the Debit Cardholder from an ATM, the Bank or any other bank or financial institution for debit to the Account. This definition encompasses various ways a debit cardholder can access cash from their account.
Example of Use
You might see "Cash WD" on your bank statement to indicate a cash withdrawal transaction. For example, "Cash WD ATM $50" would mean you withdrew $50 from an ATM.
