Once you open a mutual fund account,you can use EFT to have money directly withdrawn from your bank account to pay yourself first.

Question

Quizplus · Accepted Answer

This statement is true. After opening a mutual fund account, you can set up Electronic Funds Transfer (EFT) to withdraw a fixed amount from your bank account, allowing you to automatically contribute to your mutual fund investment regularly.

Once You Open a Mutual Fund Account,you Can Use EFT