Question

Identify possible advantages and disadvantages of using automatic withdrawal to pay bills

Answer 1

Answer:

A benefit of using automatic withdrawals to pay bills is never making a late payment. A possible consequence of using automatic withdrawal to pay bills is possible overdraft charges if you don’t have enough money in the account when the payment is made. You need to remember the amount will be taken out and be sure there is enough money in the account.

Explanation:

i took the test edg 2020

Answer 2

advantages. discounts, builds credit, helps keep track on when you need to pay.

disadvantages. could overcharge if it doesn't have enough, could ruin credit, could jeopardize future loans