It depends. If:
Then, the bank can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the bank cannot deduct any money from your account without intimating you.
If you have an account and funds are available you can.
A person who is a bonafide customer in the bank can withdraw the money from his/her account within his/her clear balance available in the account.
Go to the credit union and tell them that you want to withdraw money.
You can withdraw any amount you wish from your account but if you want to withdraw from an ATM there is normally a daily limit in the amount that you can withdraw that depends on each bank.
i would like to withdraw money from my retirement account with valic, what is the procedure on how to do this?
If you have an account and funds are available you can.
A person who is a bonafide customer in the bank can withdraw the money from his/her account within his/her clear balance available in the account.
It will take a couple of minutes to transfer money in your Chase account to someone else's Chase account to show up in their account. This transfer is almost instant.
The secret to saving money is to put more in the account than you withdraw from the account.
Go to the credit union and tell them that you want to withdraw money.
Both signers on the account can withdraw money
Withdraw
You can withdraw any amount you wish from your account but if you want to withdraw from an ATM there is normally a daily limit in the amount that you can withdraw that depends on each bank.
i would like to withdraw money from my retirement account with valic, what is the procedure on how to do this?
In order to withdraw money, the account must be an open account.
In normal savings account, you deposit Indian money (rupee) and you can withdraw it in the same indian money. In nre account you can only deposit foreign currency and you withdraw indian currency. you cant deposit indian money in this account
Many accounts have an overdraft, meaning you can withdraw more than you have, but which means your balance goes into the negative though, ie, you're now borrowing money from the bank. If you have overdraft on your account, you can withdraw up to the amount of overdraft protection you have. If you do not have overdraft protection, you can withdraw only up to the actual amount you have in your account.