Making Withdrawals

 Learn the basics of making withdraws and keeping your account balances in check.

When you need some extra money in your pocket or need to make a payment, you can easily make a withdrawal from your checking or savings account. 

Making a withdrawal means that money is deducted from your account so you can make purchases and payments.

Withdraw Money with the help of a teller at a Bank Branch  

To make a withdrawal at a bank branch, fill out a withdrawal slip. You can specify whether you’d like to withdraw money from your checking or savings account. Then, provide the withdrawal slip to the teller along with your account number, debit card  or other form of personal identification to access your account. After making a cash withdrawal at a branch, the funds will be deducted from your account immediately. 

Withdraw Money from an ATM

Withdrawing money from an ATM is an efficient and convenient way to access your funds. Always be sure your surroundings are safe, then follow these steps to make a withdrawal at an ATM:

  1. Insert your debit card into the appropriate ATM slot and type in your PIN to access your account
  2. Select “withdrawals” on the screen
  3. Enter the amount of money you’d like to withdraw
  4. The ATM will notify you of any fees you’ll be charged for making a withdrawal. Your bank may charge additional fees if you’re using an ATM outside its network. Consider if you are able and willing to pay those fees before proceeding. M&T offers checking accounts that do not charge you to use non-M&T ATMs, and will even reimburse you for other banks’ fees
  5. Remove your cash and debit card from the ATM and store it away safely.

ATM Withdrawal Limit

Different banks, account types and ATMs have different withdrawal limits, so be conscious of these restrictions. M&T cardholders can withdraw up to $1,000 per day from an ATM.

How do you withdraw money without a debit card?

Without your debit or ATM card, a teller at one of your bank branches may be able to help you withdraw money if you have other forms of identification. Or, if you have a checkbook, you may write a check to yourself and cash it at a bank branch.

Keep Your Account Balances in Check

Always make sure that there are enough available funds in your account to cover withdrawal transactions you make. You may be able to withdraw money if you have a negative balance, but you’ll risk being charged overdraft fees. 

When you make a withdrawal from your checking or savings account, use these five tips to effectively manage your account and keep your balances in check:

  1. Record Transactions. Keep an up-to-date transaction register to record withdrawals, deposits and transactions and proactively monitor your account balance
  2. Remember Automatic Payments, Record automatic bill payments, such as utility bills, gym memberships or insurance payments. Check your balance a few days prior to the scheduled transactions
  3. Calcuate the Deduction Immediately. Always assume that a withdrawal you make, a check you write, a payment you make online or a purchase you complete with your debit card could be deducted immediately from your account balance
  4. Allow for Processing Time. Processing times vary based on merchants and your form of payment. Some merchant transactions take longer to process than others, so you might not see the funds right away.
  5. Take Charge.  You’re the only one responsible for keeping track of your account activity. To ensure your account balance is always accurate, record your transactions right away. You can also monitor your accounts by enrolling in online or mobile banking services


What do I need to make a withdrawal from the bank?

To make a withdrawal from the bank, you need a withdrawal slip and your account number, debit card and PIN, or other form of personal identification.

A Bank You Can Count On

We know you count on your personal checking and savings accounts to meet your everyday banking needs. With M&T, you can count on so much more. Discover how we go beyond the basics to meet all your banking needs in the branch and online, now and in the future. 

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