Definition, Meaning & Synonyms
deposit-withdrawal
noun
/dɪˈpɒzɪt wɪðˈdrɔːəl/
Definition
The action of putting money into a bank account (deposit) and taking money out of it (withdrawal).
Examples
- After the deposit-withdrawal, her account balance increased.
- Many banks offer online services for easy deposit-withdrawal.
- The deposit-withdrawal process was straightforward and user-friendly.
Meaning
Deposit-withdrawal refers to the financial transactions involving both the placement of funds into an account and the removal of funds from that account.
Synonyms
- Transaction
- Banking activity
- Monetary exchange
