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

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30-07-2024
Business

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

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-07-30T18:07:00-04:00

Final answer:

Automatic withdrawal offers conveniences but carries risks like overdrafts and security issues.

Explanation:

Automatic withdrawal can offer advantages such as convenience, ensuring timely payments, and potential discounts for using automated systems. On the other hand, disadvantages may include the risk of overdrafts if funds are not carefully monitored, potential security issues with linked accounts, and the possibility of forgetting about scheduled payments.

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