withdrawal charge

USAGE SUMMARY

The phrase "withdrawal charge" is correct and usable in written English.
It can be used in financial contexts, particularly when discussing fees associated with withdrawing funds from an account or service. Example: "Be aware that there is a withdrawal charge of $5 for each transaction made at the ATM."

✓ Grammatically correct

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

6 human-written examples

Bear in mind that most current accounts impose both a cash withdrawal charge and a foreign exchange charge on overseas ATM cash withdrawals.

The Guardian - Money

Those younger than that, who take money out, will be subject to an "unauthorised withdrawal" charge by HMRC of at least 55%, rising to a maximum of 70%.

The Guardian - Money

Other debit cards will charge a usage fee for cash withdrawals (2.75 per cent to 2.99 per cent) plus an ATM withdrawal charge, typically between £1.50 and £3.00.

Independent

There is an ATM withdrawal charge, typically between £1.50 and £5.00, and then a usage fee of 2.75 per cent to 2.99 per cent again for purchases, plus up to an additional £1.50 per transaction regardless of the amount.

Independent

The vast majority of banks add on a foreign usage fee for purchases and cash withdrawals, usually around 2.75 per cent to 2.99 per cent, plus an ATM withdrawal charge of as much as £5.

Independent

There are no monthly fees, just 20p per bank payment and £1 per cash withdrawal charge.

TechCrunch

Human-verified similar examples from authoritative sources

Similar Expressions

52 human-written examples

Holiday-makers are also stung by cash withdrawal charges if they use plastic cards to buy currency.

Independent

Norwich & Peterborough building society's Gold Classic current account debit card offers free debit card usage abroad "with no withdrawal charges, retail transaction charges or handling fees" (remember that an overseas ATM or retailer may add its own charge).

The Guardian - Money

supermarket of the year Government plans cap on pension fund withdrawal charges UK wage growth hits four-year high of 2.7% in April RBS could take until weekend to make 600,000 missing payments after glitch April house prices in sharpest slowdown since 2006 Writing a will really is easier than you think Career cares?

The Guardian - Money

It would take the introduction of cash machine withdrawal charges or monthly fees on credit balances to make most of us switch, it finds.

BBC

It was now 16:00 and the 9th Squadron, taking advantage of the Turkish withdrawal, charged and occupied the Turkish position in front of them.

Wikipedia

Expert writing Tips

Best practice

When discussing financial products or services, clearly specify the "withdrawal charge" amount and any conditions that apply to it to ensure transparency for the customer.

Common error

Avoid using "withdrawal charge" interchangeably with terms like 'account maintenance fee' or 'foreign transaction fee'. Be precise: a "withdrawal charge" specifically relates to taking money out, not general account management or international transactions.

Linguistic Context

The phrase "withdrawal charge" functions as a noun phrase, typically used as a subject or object in a sentence. It describes a specific type of fee. Ludwig AI confirms that this is a correct and usable term in English.

Expression frequency: Uncommon

Frequent in

News & Media

60%

Formal & Business

20%

Wiki

10%

Less common in

Science

5%

Encyclopedias

3%

Reference

2%

Ludwig's WRAP-UP

The term "withdrawal charge" is a grammatically correct noun phrase used to describe fees associated with taking money out of an account. As pointed out by Ludwig AI, it's appropriate for financial discussions and is most commonly used in news and media, as well as formal business contexts. Be precise when using this term, distinguishing it from other banking fees. To enhance clarity, specify the "withdrawal charge" amount and conditions, and consider alternatives like "cash withdrawal fee" or "ATM withdrawal fee" for greater specificity.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Cash withdrawal fee

Replaces "charge" with "fee", a common synonym in financial contexts.

ATM withdrawal fee

Specifies the type of withdrawal, focusing on ATM transactions.

Transaction fee for withdrawals

Emphasizes that the fee is for a specific transaction type.

Fund withdrawal fee

Uses "fund" to specify what is being withdrawn.

Withdrawal surcharge

Replaces "charge" with "surcharge", implying an additional fee.

Service charge for withdrawals

Uses 'service charge' to denote the fee applied to withdrawals

Early withdrawal penalty

Highlights a penalty for withdrawing funds before a specified time.

Cash access fee

Focuses on the cost of accessing cash.

Fee for cash disbursement

Formal language, replacing "withdrawal" with "cash disbursement".

Cost of funds access

A more abstract and general term for the expense.

FAQs

What is a "withdrawal charge"?

A "withdrawal charge" is a fee that a bank or financial institution charges when you take money out of your account, often at an ATM or through a transaction that involves accessing your funds.

What can I say instead of "withdrawal charge"?

You can use alternatives like "cash withdrawal fee", "ATM withdrawal fee", or "transaction fee for withdrawals" depending on the context.

How can I avoid paying a "withdrawal charge"?

To avoid a "withdrawal charge", you can use ATMs within your bank's network, maintain a minimum balance to waive fees, or choose accounts that offer free withdrawals. Be sure to check the terms and conditions of your account.

Is a "withdrawal charge" the same as an overdraft fee?

No, a "withdrawal charge" is a fee for taking money out of your account, while an overdraft fee is charged when you withdraw more money than you have available in your account.