Current account holders withdraw money by means of
Answer Details
Current account holders can withdraw money from their account by using different methods, such as a credit card, a draft, a withdrawal form, or a cheque.
A credit card is a plastic card that allows you to borrow money from your bank or credit card company up to a certain limit. You can use it to make purchases or withdraw cash from an ATM, and the amount you spend or withdraw is added to your outstanding balance, which you'll need to repay with interest.
A draft is a type of payment that is similar to a cheque. It is issued by the bank and allows you to withdraw money from your current account. You can use a draft to pay bills, make purchases, or transfer money to someone else.
A withdrawal form is a document that you fill out to request a withdrawal of money from your current account. You can typically get a withdrawal form from your bank or download it online. You'll need to provide information such as your account number, the amount you want to withdraw, and your signature.
A cheque is a written order that you give to your bank to withdraw money from your current account and pay it to someone else. You'll need to fill out the cheque with the name of the person or company you're paying, the amount, and your signature. The recipient can then deposit the cheque into their own bank account to receive the money.