Is "Withdrawal POS #000016000004/Withdrawal POS #00001" fraud?

Written by Ethan Patel

June 18th, 2024

Medium Risk

What is "Withdrawal POS #000016000004/Withdrawal POS #00001"?

Discount Tire, established in 1960, is a tire and wheel retailer operating in the United States. The company provides a selection of products that includes tires, wheels, and related accessories. They cater to a range of vehicles, from passenger cars and light trucks to SUVs and performance vehicles. In addition to retail sales, they offer services such as tire installation, balancing, and repair at their service centers. Discount Tire operates numerous locations nationwide.

  • Withdrawal POS: Point of Sale (POS) transaction type
  • #000016000004: Unique transaction identifier or sequence number
  • Withdrawal POS: Repeated indication of the transaction type
  • #000016000004: Repeated unique transaction identifier or sequence number
  • DISCOUNT: Possible merchant descriptor or additional transaction detail
  • 123 MAIN St: Merchant address or location of transaction
  • Card XXXX: Obscured credit/debit card number used for 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.

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    Transaction codes from Discount Tire
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