Is "POS Withdrawal (FIP) DOLLAR TR 255 M DOLLAR TR 255" fraud?

Written by Piper Hall

June 18th, 2024

Medium Risk

What is "POS Withdrawal (FIP) DOLLAR TR 255 M DOLLAR TR 255"?

Dollar Tree is a discount variety store chain that was established in 1986. With its headquarters located in Chesapeake, Virginia, the company currently operates more than 15,000 stores across the 48 contiguous United States and Canada. Dollar Tree stores sell an assortment of products including beauty and health items, food and snacks, party supplies, stationery and craft supplies, toys, books, household cleaning supplies, home décor, kitchen items, and seasonal items. Each item sold in stores and online is priced at $1 or less.'

POS Withdrawal: This indicates that the transaction was made at a point of sale terminal.

(FIP): This may refer to the Financial Institution Processor, which is the entity responsible for processing the transaction.

DOLLAR TR 255: This is the name of the merchant or establishment where the transaction took place.

M DOLLAR TR 255: The "M" denotes that the transaction is a debit or a withdrawal.

MOHAW GREENFIELD MA(6052): This is the address or location of the merchant, including the city (Greenfield) and state (MA) with a zip code of 6052.

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.