What is it called when money is taken from your account?
When money is removed from a bank account, it is formally known as a "debit" or a "withdrawal." A debit occurs when funds are subtracted from an account balance due to a transaction, such as using a debit card at a point-of-sale terminal, making an online purchase, paying a bill through an automated clearing house (ACH) transfer, or withdrawing cash from an automated teller machine (ATM). Conversely, a withdrawal is a more general term that typically refers to the act of removing cash from a bank account, either over the counter at a bank branch or through a self-service machine. Both terms describe a decrease in the account's total available balance, serving as the inverse of a "credit," which refers to money being deposited into or added to an account.
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