Final answer:
It is important to regularly check automatic transfers and payments to ensure they are functioning correctly and to identify any potential issues.
Step-by-step explanation:
The statement 'After setting up an automatic transfers and payments there is no need to check on them during deployment' is False. While setting up automatic transfers and payments can save time and effort in managing finances, it is important to regularly check on them to ensure they are functioning correctly and to identify any potential issues. Automated systems can sometimes encounter errors or encounter unexpected changes in circumstances, so monitoring them is crucial for effective financial management.