In plain English
It is the floor for one withdrawal from an account. The amount applies to a single withdrawal transaction, not to the account balance as a whole.
In context
Here, "minimum withdrawal" labels the lowest amount of money that can be withdrawn in one withdrawal transaction.
- Situation
- Sending transfers, receiving payouts, withdrawing funds, and reading wallet balances
- What it communicates
- Labels the smallest allowed withdrawal amount.
Meaning limits
By itself, the term does not state any other withdrawal limits or conditions.
Examples
“He had $40 in the account, but with a minimum withdrawal of $20, he took out $20 rather than $10.”
“For that account, the minimum withdrawal was $20.”