Is "ACH Debit CROSSROADS(FDR) - /" fraud?

Written by Remi Russell

June 18th, 2024

Medium Risk

What is "ACH Debit CROSSROADS(FDR) - /"?

Crossroads has been in business since 1991. The company operates as a secondhand clothing retailer, dealing primarily in the purchase and resale of pre-owned apparel. Their retail products include a wide range of men's and women's clothing, accessories, and footwear. Crossroads offers merchandise from various brands and designers through multiple store locations as well as online platforms.

ACH Debit: Automated Clearing House Debit; a type of electronic bank-to-bank payment.

CROSSROADS(FDR): Likely the business or entity to whom the payment was made, possibly with an additional identifier or abbreviation in parentheses.

: Potentially a separator in the statement for clarity, may not have significant meaning.

/ : Could denote the end of the description or transaction, use varies by institution.

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.