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



ANSWER ON EDGE: 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.

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Answer:

Automatic payments avoid late payments and fees.

Sometimes discounts are given for automatic payments.

Automatic payments can help build a good credit history.

You must keep track of payments to avoid overdrawing the account.

Explanation:

This is wat the answer was on e d g e n u i t y

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