cash-withdrawal

Vocabulary Word

Definition

'Cash withdrawal' is when you take out money from your bank account. Like using an ATM to get money for shopping.

Examples in Different Contexts

For ATM usage, 'cash withdrawal' is a common transaction that allows individuals to access their funds. An ATM technician might explain, 'Our ATMs are designed to facilitate secure and quick cash withdrawals for all customers.'

Practice Scenarios

Customer-Service

Scenario:

We're currently experiencing a higher volume of services requests. We need to prioritize resolving these pending financial transactions.

Response:

We should prioritize cash withdrawal issues to ensure our customers have access to their funds quickly and efficiently.

Business

Scenario:

Recent transactions suggest an abrupt surge in our expenditures. To keep a healthy balance, we might need to regulate our outflows.

Response:

I agree, control over cash withdrawal and payment timings will help us manage our liquidity better.