WD in banking is an abbreviation for withdrawal.
This means taking money out of your bank account. A withdrawal can be done in several ways:
- At a bank teller: You can visit a branch of your bank and request a withdrawal from a teller.
- At an ATM (Automated Teller Machine): You can use your debit card at an ATM to withdraw cash.
- Online or mobile banking: You can often transfer funds from your account to another account or request a check to be mailed to you (though this might not be considered a standard "withdrawal" in all contexts).
- Using a debit card at a point-of-sale (POS) terminal: When making a purchase, you can sometimes request cash back with your debit card.
When you see "WD" on your bank statement, it indicates that funds have been taken out of your account. The statement will typically include other information such as the date, amount, and location (if applicable) of the withdrawal.
