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Question 152 • Personal Finance - EL3403

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

Answer

not having to keep track of the balance in a checking account

Option

avoiding late payment fees

Option

having to share your account information

Option

not having to find a stamp and a mailbox

Option

not knowing when the payment will be taken out of your account

Option

possible overdraft fees if there is not enough money in the account to cover the payment amount

Option

having to pay a fee for the service

Option

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