Automatic deduction refers to setting certain deduction rules in specific accounts such as bank accounts and credit card accounts, and automatically deducting a specific amount from the accounts within a specified time. This method is usually used to pay periodic fees such as water, electricity and loans, and can also be used for financial investments such as automatic fixed investment funds.

Automatic deduction can help people avoid fines, water cuts and power outages caused by forgetting to pay. At the same time, automatic deduction can also reduce people's burden, avoid forgetting to pay fees and lead to a large number of arrears, thus affecting personal credit score and loan credit.

Although automatic deduction has many advantages, you should be extra careful when using automatic deduction to avoid the failure of deduction due to insufficient account balance. In addition, if it is necessary to temporarily stop the automatic deduction, it is also necessary to contact the relevant institutions in advance to inform the suspension, so as not to cause unnecessary disputes. To sum up, automatic deduction is a convenient payment method, but you must pay attention to the account balance when using it to ensure the safety and normality of deduction.