The phrase "automatic withdrawal" is correct and usable in written English.
It can be used to refer to a process where funds are automatically deducted from an account, typically for payments or subscriptions.
Example: "I set up an automatic withdrawal for my monthly gym membership fee to ensure I never miss a payment."
Alternatives: "automatic payment" or "recurring withdrawal".
Under federal law, bank customers have a right to revoke a creditor's automatic withdrawal privileges.
Under federal law, borrowers are entitled to revoke the lender's automatic withdrawal privileges or simply close the account.
Even so, New Yorkers are still preyed upon by out-of-state payday lenders, which collect payments through an automatic withdrawal process.
Walker also calls for prohibiting the automatic withdrawal of union dues to be used for political purposes and forbidding union organizers to access employees' personal information, such as phone numbers.
The Obama Administration has carefully avoided using the word "coup" — a linguistic trip wire that would trigger the automatic withdrawal of the $1.3 billion in aid that Washington annually remits to Egypt.
–Make sure the amounts that you set for automatic withdrawal comply with RMD rules.
When unexpected exposure to potentially harmful stimuli occurs, pain manifests as an automatic (reflex) withdrawal response along with a motivational reaction, most frequently a feeling of unpleasantness (i.e., a negative affect) [22].
When unexpected exposure to potentially harmful stimuli occurs, pain manifests as an automatic (reflex) withdrawal response along with a motivational reaction, most frequently a feeling of unpleasantness (i.e., a negative affect) [ 22].
JPMorgan Chase said it is "working to proactively identify" when lenders misuse automatic withdrawals.
Ms. Baptiste said she begged Chase to stop automatic withdrawals on loans she got in 2011.
The legislation, pending in Congress, would also allow borrowers to cancel automatic withdrawals more easily.
