Is "BUSINESS TO BUSINESS ACH ADP 401k ADP 401k 230217 " fraud?

Written by Aiden Lee

June 18th, 2024

Medium Risk

What is "BUSINESS TO BUSINESS ACH ADP 401k ADP 401k 230217 "?

El Mexican Restaurant has been in business since 1995. The restaurant offers a variety of Mexican cuisine, including tacos, burritos, enchiladas, and tamales. They also provide traditional dishes such as pozole, chiles rellenos, and mole poblano. The establishment serves beverages that include soft drinks, aguas frescas, and a selection of Mexican beers. They offer both dine-in and takeout options.

BUSINESS TO BUSINESS ACH: Type of transaction

ADP 401k: Originator of the transaction (ADP Retirement Services)

ADP 401k: Description of the transaction (401k contribution)

230217: Date of the transaction (February 17, 2023)

R4DJ6: Transaction reference code

021704V02: Additional reference or batch number

123 MAIN St: Address or identifier 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.