0 an arrangement for making payments, usually to an organization, in which your bank moves money from your account into the organization's account:
An automatic withdrawal occurs when you grant your bank permission to make a payment to a creditor from your bank account.
Arrange for automatic withdrawals from your checking account to cover recurring expenses - for example, mortgage loans, utility bills, health club memberships, or insurance premiums.
I no longer allow automatic withdrawals because you completely lose control over your own bank account.
