Q:

What is a banking withdrawal slip?

A:

Quick Answer

A withdrawal slip is a banking form that is used as a request to have money disbursed from a bank account. Checks are another type of banking form that can be used to take money out of an account.

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Full Answer

Information that needs to be provided on a withdrawal slip includes the date of the transaction, the account owner's name and signature, the account number and the total amount to be withdrawn from the account. A withdrawal slip can only be used to withdraw money from an account at a physical banking location. A check or debit card can be used at various retail locations and ATMs worldwide, negating the need to even use a withdrawal slip.

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