Verified Answer :

GinnyAnswer

Final answer:

Automatic bill pay is a recurring payment system that facilitates timely bill payments through direct bank account withdrawals.


Explanation:

Automatic bill pay is a recurring payment system where bills are paid through direct withdrawal from a bank account, set up ahead of time. This system provides convenience and ensures timely payments without the need for manual intervention each month. For example, when a utility bill is due, the specified amount is automatically deducted from the linked bank account on the scheduled date, eliminating the need for manual bill payments.


Learn more about Automatic bill pay here:

https://brainly.com/question/43838389