Is "To Emergency Fund Vault" fraud?

Written by Piper Hall

June 18th, 2024

Medium Risk

What is "To Emergency Fund Vault"?

Emergency Fund Vault is a financial services company that has been in business since 2015. The company specializes in offering a range of financial products aimed at helping individuals and families build and maintain emergency savings. Their offerings include savings accounts, high-yield accounts, and automated savings plans. They also provide financial education resources aimed at guiding customers on how to manage their finances and prepare for unexpected expenses.

  • **To**: Destination of the transaction
  • **Emergency Fund**: Designation of the specific fund or account type
  • **Vault**: Storage or holding system within the bank or financial 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.

    SimplyWise Community Comments
    Transaction codes from Emergency Fund Vault
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