7
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Mortgages and Home Ownership — Unit test

Question 7 of 15 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

What are possible advantages and disadvantages of using automatic withdrawal to pay bills? Check all that apply.

Answer
A
not having to keep track of the balance in a checking account
B
avoiding late payment fees
C
having to share your account information
D
not having to find a stamp and a mailbox
E
not knowing when the payment will be taken out of your account
F
possible overdraft fees if there is not enough money in the account to cover the payment amount
G
having to pay a fee for the service
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