Is "Electronic Deposit Cashnetusa14" fraud?

Written by Lily Tran

June 18th, 2024

Medium Risk

What is "Electronic Deposit Cashnetusa14"?

CashNetUSA is a financial services company that has been in operation since 2004. The company specializes in providing short-term loans and other financial products aimed at helping individuals with their immediate cash flow needs. CashNetUSA offers payday loans, installment loans, and lines of credit. The company provides its services primarily through an online platform, allowing customers to apply for and manage their loans via the internet. CashNetUSA operates across multiple states in the United States.

Electronic: Indicates the transaction type is electronic.

Deposit: Denotes the transaction is an inflow of funds, i.e., a deposit.

Cashnetusa: Identifies the source or service provider of the deposit.

14: Likely represents an identifier, batch number, or date associated with the transaction.

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.