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A transaction in which a customer receives back money he/she had previously deposited at a bank, pension, or trust. When one makes a withdrawal on a pension or similar plan, it may carry a penalty depending on the pension's rules. For example, one must usually be of a certain age in order to make a withdrawal. There is rarely such a penalty when making a withdrawal from a bank. For instance, when one closes an account, the client makes a withdrawal on all the money he/she owns at that bank.


A withdrawal is money you take out of your banking, brokerage firm, or other accounts.

If you withdraw from tax-deferred retirement accounts before you turn 59 1/2, you may owe a 10% early withdrawal penalty plus any income tax that's due on the amount you've taken out.

In everyday usage, the term withdrawal is used interchangeably with distribution to describe money you take from your tax-deferred accounts, though distribution is actually the correct term.

References in periodicals archive ?
Caffeine withdrawal ills have been well-known to most chronic coffee drinkers for several centuries.
research associate professor of psychiatry at the University of Vermont College of Medicine and colleagues at Johns Hopkins School of Medicine sought to investigate the biological mechanisms of caffeine withdrawal in a new study.
Consumers of coffee and other caffeinated products have often reported that caffeine withdrawal brings with it many after effects, which include headache, fatigue, feeling less alert, less energetic and experiencing difficulty concentrating.
Cut back slowly to avoid caffeine withdrawal symptoms.
I also get very bad headaches, which I assume is caffeine withdrawal.
EMMA suffers major caffeine withdrawals, including headaches, stress, poor concentration and even the shakes when she goes without cola.
KEEP caffeine and alcohol intakes to a minimum unless you have recently had a high caffeine intake, in which case reduce your intake slowly so you do not get caffeine withdrawal symptoms.
Avoid them, although you may experience a worsening of the headaches initially due to caffeine withdrawal.
Herbal teas are better than tea because most don't contain caffeine, although she may suffer caffeine withdrawal symptoms which she doesn't need today.
The study found babies could suffer caffeine withdrawal making their lungs weak and unable to cope with infection.