"Bank withdrawals" refers to the action of taking money out of a bank account. It means you are physically or electronically removing funds from your bank account for personal use or to make a payment. Full definition
Most insurers offer bank withdrawals, credit card payments or online banking options. (thebalance.com)
With them you can pay using automatic bank withdrawals, a check,, and even a credit card. (lifeinsuranceblog.net)
All families enrolled in the Cincinnati Waldorf School are required to use the FACTS Tuition Payment Program to pay tuition through automatic bank withdrawal unless they choose to pay their tuition in full by June 1st. (cincinnatiwaldorfschool.org)