What is NWD Transaction in Bank Statement?
Answers
Answered by
126
Thanks for the question.
NWD is any type of transaction which is withdrawn through an ATM machine. Private sector bank like HDFC Bank uses various terms in its banking channels like EAW, NWD, OWD, ATW, ATS, NFS and AWB for automated teller machine (ATM) transactions for bank ATMs. So, if one goes to withdraw money from any HDFC Bank ATM it will indicate ATW on the statement, while if one goes to any other ATM apart from HDFC Bank ATM, it will be printed as NWD transaction. It is different for different banks though. For eg. Centurion Bank ATM transactions, the code is OWD.
Hope it helps!
NWD is any type of transaction which is withdrawn through an ATM machine. Private sector bank like HDFC Bank uses various terms in its banking channels like EAW, NWD, OWD, ATW, ATS, NFS and AWB for automated teller machine (ATM) transactions for bank ATMs. So, if one goes to withdraw money from any HDFC Bank ATM it will indicate ATW on the statement, while if one goes to any other ATM apart from HDFC Bank ATM, it will be printed as NWD transaction. It is different for different banks though. For eg. Centurion Bank ATM transactions, the code is OWD.
Hope it helps!
Answered by
31
NWD is a term which is related to banking. The full form of this term NWD is "Network Withdrawal." Moreover, it is utilized to refer to any transaction made through ATMs, that too with not your bank ATM but some other bank. The commission charged for an NWD are generally higher in comparison to the withdrawal made through the ATM of your bank. One must not get confused in EAW and NWD. EAW is "External Automated Teller Machine (ATM) Withdrawal."
Similar questions