Is "AMERICAN FAMILY LIFE PREM PPD ID: LFXD075075" fraud?

Written by Gavin Brooks

June 18th, 2024

Medium Risk

What is "AMERICAN FAMILY LIFE PREM PPD ID: LFXD075075"?

American Family Insurance has been in business since 1927. The company provides various types of insurance services, including auto, home, life, health, and business insurance. They also offer additional products such as renters, condo, and motorcycle insurance. The company operates through a network of agents and provides online services for policy management and claims.

**AMERICAN FAMILY LIFE: ** Vendor or payee name indicating the entity with which the transaction is associated.

**PREM: ** Payment descriptor, often indicating a premium payment.

**PPD: ** Standard Entry Class (SEC) code, signifying a prearranged payment and deposit, typically for recurring transactions.

**ID: LFXD075075

Verify if this transaction is fraud in 30 seconds

Verify With Receipt

The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.

Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.

STEP 1

Connect your Email

Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.

STEP 2

Connect Your Bank

Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.

STEP 3

Reconcile

Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.