This is a detailed guide on how to fill out a withdrawal slip depending on the type of bank you’re banking with.
Going to the bank to make a withdrawal, on getting to the bank you got confused on how to fill out the withdrawal forms slip. If you don’t want to inquire from the customer service representative on how to go about it, this post will help you out on how to fill out a withdrawal slip.
How to fill out a withdrawal slip
Let’s get started on how you can make withdrawal using the bank withdrawal slip but before going into that, first understand the meaning of withdrawal slip.
Withdrawal slip meaning
A withdrawal slip is a printed paper issued by banks to their customers for cash withdrawal. In some countries, before a customer can withdraw money from its savings account, the customer must use a withdrawal slip as long as the customer isn’t using a debit card.
Before a bank customer can make a withdrawal using the withdrawal slip, the receiving banker must put the bank stamp on the slip along with a signature and date. This is to signify that the withdrawal slip was received by the bank and legit.
Steps to fill out a withdrawal slip
Below are the steps or a detailed guide on how to fill out a withdrawal slip for cash withdrawal.
1. Going to the bank
Having said that a withdrawal slip is a printed paper, issued by the bank for cash withdrawal, this tells you that you can’t get the slip outside the bank.
So first you need to get the withdrawal slip and then proceed with the cash withdrawal.
In order to get the slip, walk into the bank and head over to the bank teller or maybe customer service representative and request for a withdrawal slip. It is the duty of the customer service representative to issue the slip to you and you can proceed on filling out the form.
Note that to fill out a withdrawal slip must be done right inside the bank
2. Filling the form
You need to be very careful while filling out the withdrawal slip, the date and the account number must be correct else you can’t make withdrawal. If you forget your account number, kindly request from the customer service representative to help you out to retrieve your bank account number.
Let’s proceed on how to fill out a withdrawal slip.
On the slip, you’ll see list of options needed from you to complete, and these includes the followings;
- The date
- The account name
- The account number
- The amount to withdraw
- The bank branch
To fill out a withdrawal slip, the first thing you need to do is to enter the date and that should be the date which you’re making the withdrawal.
Note the date must be correct else the bank won’t pay you until you make the necessary corrections.
After entering date, next is to enter your account number. Without your account number, the bank won’t give you your money and to make it easier for you, go to the bank with your account number.
Let me repeat this again, if you forget your account number, you can still request it from the bank or the customer service representative. Please make sure you have your ID or a means of identification while going to the bank.
To fill out a withdrawal slip, you’ll also have to enter the account name and on this space I recommend you to enter you name cause it implies the name on the bank account.
So kindly enter the account name and proceed with the next which is the amount to withdraw.
To fill out a withdrawal slip you must enter the amount which you want to withdraw, and it can be in words or in numbers. This depends on your bank as some banks will require to enter the amount in words, while others in numbers.
If you see enter amount in words, it simply means to enter the amount in lots of letters. For example, the amount which you want to withdraw is $50,000, you will have to enter fifty thousand dollars.
To write in numbers, that is $50,000.00 and this is how to fill out a withdrawal slip in terms of the amount which includes words and numbers.
In some countries banking system, you need to indicate if you want the money in cash though it depends on the bank. So if you see such option, tick to withdraw in cash.
Lastly, to fill out a withdrawal slip, you need to sign a signature though this again differs from bank to bank. Almost all banks require a customer’s signature on the slip before money is issued to the customer.
If a customer’s signature is required on the slip, the bank will indicate it on the slip and if they don’t, you won’t see the option on the withdrawal slip. However, signature is very much compulsory when it comes how to fill out a withdrawal slip.
After you’re done in filling out the withdrawal slip, go through it to make sure all you have written is correct, proceed with the next step and which is giving it to the bank teller.
Another thing you might see is the bank branch, and you should also fill the space with the correct bank branch which you’re making the withdrawal.
3. Submitting the withdrawal slip
This is the last step when it comes to how to fill out a withdrawal slip and also cash out from your savings account.
Having gone through the slip and confirm that what you’ve written is correct, proceed in giving the slip to the bank teller or the receiving banker. He or she will go through it, run a check on your account to make sure all is correct and also that you have the stated amount in your savings account, afterwards will give you the requested amount.
BASIC THINGS TO NOTE
When it comes to how to fill out a withdrawal slip, there are some basic things you should know before going to the bank to make a withdrawal.
1. YOUR FACE MUST MATCH
Your face must match the photograph on the savings bank account. Withdrawing money through the bank teller is more secured and the bank customer can withdraw a maximum sum amount of money without a limit.
This is because the bank have so much trust in this type of cash withdrawal compared to the use of the a debit card.
If your face didn’t match with the passport or photograph on the savings bank account, the bank will deem it as not yours and won’t give you the cash as requested. Apart from that, you might even land in jail for fraud or trying to deceive the bank.
2. THE SIGNATURE MUST MATCH
When it comes to how to fill out a withdrawal slip, signature is very much compulsory and this is another thing banks use to verify that you’re the true owner of the bank account.
On signing your signature on the withdrawal slip and there’s a slight mistake, the bank will deem that you’re not the owner of the bank account and with this you can’t make withdrawal using the withdrawal slip.
This is why it is compulsory to use a permanent signature when opening a bank account and also a signature which you know.
I have seen a case where a bank refused to pay or give a customer the cash requested cause the signature on the withdrawal slip didn’t match with the one on the customer’s bank account. Though the face matched the passport on the bank account, the bank still refused and questioned the reason for the difference in signatures.
The bank customer gave the reason that she changed her signature as she couldn’t figure out or remember the signature she used on her bank account and whereas that’s when she was 19 then and didn’t have a permanent signature as at the time of opening her bank account.
After many questions and answers, the bank verified that she is the owner of the bank account, and in turn gave her the cash as requested. This is to tell you how signatures play a major role when it comes to how to fill out a withdrawal slip.
How do i get a withdrawal slip
To get a bank withdrawal slip, you need to go to the bank and move to the teller section or maybe the customer service representative which will direct you to the right place to collect the bank withdrawal slip.
Mostly, the slip is issued at the teller section and this is where you’ll be cashing out your money from your bank account.
It is the bank teller or the receiving banker will accept your slip, go through it and finally stamp it along with its signature before giving you your money as demanded from you.
For those looking for how do you fill out a withdrawal slip, the answer is already here on this post, and it doesn’t take more than thirty seconds and you should be done in writing your details on the slip.
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Withdrawal slip example
This differs from bank to bank though they seem alike especially with the writings. Below is a typical withdrawal slip example.
All these are same with how to fill out a withdrawal slip us bank, td bank, or any other bank.