What is cheque withdrawal?

Cheque withdrawal refers to the process of accessing funds from a bank account by presenting a written cheque to the bank or financial institution. The cheque serves as a formal request for the bank to transfer a specified amount of money from the account of the person who issued the cheque to the account of the person or entity cashing it. Once the cheque is processed, the funds are withdrawn from the account of the issuer and made available to the payee. This method of withdrawal is commonly used for transactions requiring a paper trail or for making payments where electronic methods are not feasible.