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First, you'll need to fill in a withdrawal slip and present your I.D., and then they will give you cash in exchange. Some people prefer this because the bank teller can answer any questions you have and may give you a mix of different bills like fives, tens, and twenties.
RMC No. 62-2018 mandates the bank to require the executor, administrator, or any of the legal heirs applying for the withdrawal to present a copy of the Tax Identification Number (TIN) of the estate of the decedent and BIR Form No.
How to Withdraw Money from Your Bank AccountUse an ATM. If you have an ATM (Automated Teller Machine) card or debit card linked to your bank account you can visit an ATM to withdraw some cash.Write a Check for Cash.Fill Out a Withdrawal Slip.Link Your Account to a Peer-to-Peer Payment Service.
Prior to withdrawal, the bank shall require the administrator or any of the legal heir to present the Tax Identification Number (TIN) of the estate of the deceased together with the BIR Form 1904 of the estate duly stamped by the concerned revenue district office (RDO).
What Is a Withdrawal? A withdrawal involves removing funds from a bank account, savings plan, pension, or trust. In some cases, conditions must be met to withdraw funds without penalty, and penalty for early withdrawal usually arises when a clause in an investment contract is broken.