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What are possible advantages and disadvantages of using automatic withdrawal to pay bills?

asked
User AXO
by
8.0k points

2 Answers

14 votes

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.

Step-by-step explanation:

answered
User Barankin
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8.4k points
6 votes

Answer:

Here's the sample answer.

Step-by-step explanation:

Sample Response: 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.

answered
User Samuei
by
8.3k points
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