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early withdrawal penalty

/ˈɜrli wɪðˈdrɔəl ˈpɛnəlti/ /ˈɜːli wɪθˈdrɔːl ˈpɛnəlti/
noun
GeneralBanking
  1. 1 erken çekim cezası, erken para çekme cezası countable

Definition (English)

A fee charged by a bank or financial institution for withdrawing money from a savings account or investment before the agreed-upon date.

Example Sentences

  1. There is an early withdrawal penalty if you close the deposit before it matures.
    Mevduatı vadesinden önce kapatırsanız erken çekim cezası uygulanır.
  2. Be aware of the early withdrawal penalty before you invest.
    Yatırım yapmadan önce erken çekim cezasının farkında olun.

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