Have you ever wondered how to withdraw money from a checking account or an online checking account? Whether it’s for an emergency or to buy groceries, it’s good to know that you always have access to your money. There are multiple ways to withdraw cash from your bank account—you just need the right tools and a little planning ahead.
Go to the bank or use your ATM card
By far the most common way to withdraw money from a checking account is with your ATM card. ATMs are located in grocery stores, gas stations, and other convenient locations. However, the number of ATMs has increased dramatically over the past decade due to the rise in debit cards.
ATMs are also available 24/7 and can be used anywhere where Visa or MasterCard is accepted (almost everywhere). As long as you have your ATM card with you, withdrawing cash is quick and easy. SoFi experts say, “Use your debit card to access your funds anytime, anywhere.”
Get a cashier’s check
A cashier’s check is a certified check, meaning the bank or credit union that issues it guarantees you’ll get your money if you present the check to them. You can use it as a deposit or payment for a debt, but not to buy something online—you have to take it to the retailer and have them accept it as payment.
To get a cashier’s check from your own bank or credit union:
- Ask for one at any teller window (another name may refer to it).
- Fill out an application and provide some ID (the more information they have about who you are, the better).
- Pay a fee of $5-$10 each time you request one.
Use a debit card at an ATM
You can also withdraw money from an ATM. For example, you’ll need to use your debit card and a four-digit PIN number you created when you opened the account. In addition, a growing number of ATMs let users choose between either a debit or credit withdrawal. Still, even if yours does not, your bank will only charge one transaction fee for each day that you use it—not two separate ones for withdrawing with either type of card.
Transfer money online
You can transfer money online between your accounts at the same bank or another bank. You’ll need to log in to your online banking account and navigate to the “Money Transfers” section. You can choose whether to send or receive money and enter the recipient’s information.
If you send funds, you will be prompted for a password and additional security questions such as what city was your mother born in? If done correctly, this will trigger an email with instructions on completing the transfer from their end—make sure they don’t forget about it!
With so many different ways to withdraw money from your checking account, you should be able to get the funds you need easily. Make sure you have enough in your account before attempting any of these methods and don’t worry if something goes wrong – you all make mistakes! Just remember that there are plenty more options out there!
