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The phrase "extract money" is correct and usable in written English.
It can be used in contexts where someone is taking or obtaining money from a source, often implying some level of effort or manipulation.
Example: "The scam artist managed to extract money from unsuspecting victims through false promises."
Alternatives: "withdraw funds" or "obtain cash."
Exact(60)
And extract money before they release them.
Was he a fraud hoping to extract money from Cece?
"You are putting money in to extract money out," he said.
At that point, the victim is passed to a higher-level practitioner to extract money.
Instead he seeks cheap applause by telling the Scots how he will extract money from England.
The FCA will also impose stricter limits on their ability to extract money from bank accounts.
Meadows didn't extract money from Eurostar to facilitate a project of his own.
Plea-bargaining was often abused to extract money and assets from businessmen to finance government projects.
Visitors can be forgiven for thinking the police's sole function is to extract money.
It was vastly more efficient than using lawsuits to extract money from companies.
"There are two ways they extract money from you," Mr. Sorensen said of the fee structure.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com