Saturday, 30 March 2013

How to Withdraw Money Online

Withdraw Money Online

The Internet can provide you with convenient ways of withdrawing money online without having to travel to your local bank or financial institution. The Internet banking system has strict security to protect any transactions performed online. Though money can be withdrawn online, you will still need to either have an ATM card or be willing to wait for the funds to be mailed to your home in the form of a cashiers check.

# Withdraw Money From a Credit Card Online: 

Withdrawing money from your credit card online to another account or to pay a bill is becoming more common. With the advent of completely online financial services such as PayPal and online banks, electronic withdrawals and money transfers are accomplished rapidly and securely. “Withdrawing” literally means taking money out. However, withdrawing money online may more accurately be considered a “transfer”.

1) The PayPal Withdrawal to Credit Card Feature Works:
PayPal is an e-commerce service used for transferring money, making payments and purchasing items online. You can withdraw funds from your PayPal account by requesting a check or transferring the amount to a bank account, a PayPal debit MasterCard or a Visa credit, debit or prepaid card. This credit card feature is available in more than 20 countries.

 i) Open Verified PayPal:            
 Many people worldwide use PayPal as a secure means to spend and receive funds. If you have recently opened a PayPal account, you will have noticed that its status is listed as "Unverified." This restricts the amount of money you are allowed to withdraw or send. Having your PayPal account verified lifts this restriction, with the added advantage of giving you more credibility when buying and selling through eBay and other online retailers.

# Withdraw Money From a Checking Account:

Technological innovations have made it possible for you to withdraw money from your checking account at various places outside of the bank---online and offline. Most banks and third-party organizations still take very thorough precautions to assure that the account holder is the person who is withdrawing cash from the account, by asking for identification, checking signatures, asking for address and Social Security number information, asking you to verify recent deposits and requiring you to login online. There are a variety of ways that you can withdraw money from your checking account other than the obvious method of walking up to a teller.

1) Withdrawal at the Bank:
Withdrawing cash from your checking account is a fairly simple process, and there are several ways to withdraw money from your account. As long as you have a withdrawal slip, a blank check or a debit card, you'll be able to withdraw cash from your bank account.
           i) Fill Out a Checking Withdrawal Slip:                
                   A checking withdrawal slip is a bank-provided document that allows you to withdraw money from your checking account. You may use a checking withdrawal slip when you visit your financial institution if you do not want to write a check or use your ATM card.

**Fill Out Withdrawal Slips:

When you want to take money out of your checking or savings account, banks ask you to fill out a withdrawal slip. You have to include important information on this slip so that the bank can keep accurate records of your withdrawal and give you the amount you want. The bank will deduct your withdrawal amount from your balance, so you want to make sure your information is accurate and readable. 

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