Is a withdraw debited

liigo Finance 38

  What will you do if you withdraw from ATM but the ATM did not dispense the money?

  If I tried to withdraw money from the ATM but the machine did

  not dispense the money, I will check if the money has been debited

  from my account. If the money is gone, then I will raise a formal

  complaint with the banks customer care department about the same.

  The bank will verify their ATM Records to confirm that the machine

  did not dispense the money and then credit the amount back into

  your account.

Related Q&A:

Is a withdraw debited-

Oh, well, usually when you make a withdrawal, it can be debited from your account. You know, it depends on the type of account you have and the rules of the financial institution. For example, if it's a checking account, a withdrawal is likely to be debited right away. But sometimes, with certain savings accounts or special types of accounts, there might be specific conditions or processing times before the debit shows up. So, it really varies, but in most common cases, yeah, a withdrawal is debited.