Is "BUSINESS TO BUSINESS ACH EBF PARTNERS 8419820 B230" fraud?

Written by Caleb Martin

June 18th, 2024

Medium Risk

What is "BUSINESS TO BUSINESS ACH EBF PARTNERS 8419820 B230"?

EBF Partners is a merchant that has been in business since 2010. The company focuses on providing various financial solutions and services. EBF Partners offers retail products such as merchant cash advances, small business loans, and equipment financing. They cater to a range of industries by offering funds to help businesses manage their cash flow, purchase inventory, and expand their operations.

BUSINESS TO BUSINESS: Transaction type

ACH: Automated Clearing House (electronic funds transfer)

EBF PARTNERS: Company or entity name initiating the transaction

8419820: Company ID or reference number for tracking

B23089: Batch number or reference code

342429940030: Bank account or routing number of the initiating entity

OHN DOE: Recipient or account holder's name

MICHA: Likely a truncated reference to a secondary identifier (e.g., middle name, second beneficiary, etc.)

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.