The phrase "automatically withdraw" is correct and usable in written English.
It can be used in contexts where a process or action is performed without manual intervention, often in relation to financial transactions or subscriptions.
Example: "If you do not cancel your subscription by the deadline, the system will automatically withdraw the renewal fee from your account."
Alternatives: "automatically deduct" or "automatically take out".
They allow the lenders to automatically withdraw monthly loan payments from borrowers' checking accounts through an electronic transfer system known as A.C.H., or Automated Clearing House.
The banks, state officials say, enable the lenders to automatically withdraw loan payments from borrowers' checking accounts, even in states where the loans are effectively outlawed.
The banks allow the lenders to automatically withdraw payments from borrowers' bank accounts, even in states like New York where the loans are illegal.
Worse still, as the Times's Jessica Silver-Greenberg reported recently, banks in the state are profiting from the loans by allowing the Internet lenders to automatically withdraw payments from the borrower's account, in some cases without his or her permission.
Jamie Dimon, the chief executive of JPMorgan Chase, vowed on Tuesday to change how the bank deals with Internet-based payday lenders that automatically withdraw payments from borrowers' checking accounts.
(On Tuesday, though, Jamie Dimon, the chief executive of JPMorgan Chase, vowed to change how the bank deals with Internet-based payday lenders that automatically withdraw payments from borrowers' checking accounts).
Unless a customer contacts the online lender three days before the next withdrawal, the lender just rolls the loan over automatically, withdrawing solely the interest owed.
The payments are automatically withdrawn from the customer's account when a paycheck is deposited.
The agency can have the funds automatically withdrawn from your bank account, or you can pay through a payroll deduction.
If free and fair elections were not held in Yugoslavia within six months from the lifting of the ban, the concession on the airline flights would be "automatically" withdrawn, State Department officials said.
When the mortgage was approved, it didn't hurt that $514 a month was being deposited directly from Social Security into an account at Sugar River Savings, from which the mortgage payment would be automatically withdrawn, leaving a low balance but ensuring the bank its payment.
