Notice withdrawal 2025

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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A notice of withdrawal is a notice given to a bank by a depositor, stating the depositors intent to withdraw funds from their bank account. This notice applies to both time-deposits and negotiable orders of withdrawal (NOWs) accounts. Banks may also require a notice of withdrawal for savings accounts.
While there is a common misconception that notice is not valid until it has been accepted by the other party, the actual legal position is that notice, once validly given, is effective, and cannot be refused by the recipient nor withdrawn by the person giving it without the other sides agreement.
What makes a Notice Deposit account a good way to grow your money, is that your savings consistently earn a competitive rate which increases as your account balance increases. A Notice Deposit account lets you invest and earn interest based on your account balance and what the account notice period is.
Most people who are addicted to drugs or alcohol will experience withdrawal in some form. Depending on the timeline of a persons symptoms, one can experience different types of withdrawal: acute withdrawal and protracted withdrawal.
6.1 You can only withdraw money from your Account by giving us notice to this effect, in line with the notice period that applies to your Account (the minimum amount that can be withdrawn is R100). You can do this at any of our branches, or through our business call centre, the Mobile App or Internet Banking.
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People also ask

Longer waits for your cash it can be a matter of weeks or months before you can reach your savings. No early access option many notice accounts will only let you access your money after the notice period is up, not even with a penalty charge.
What is a notice deposit account? It is an investment deposit account with no fixed term of investment and funds may only be withdrawn after notice has been given to the bank.

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