Is "POS Withdrawal FACEBK ADS 123 MAIN St" fraud?

Written by Gavin Brooks

June 18th, 2024

Medium Risk

What is "POS Withdrawal FACEBK ADS 123 MAIN St"?

Facebook Ads, a service provided by Meta Platforms, Inc., was launched in 2007. The platform offers a variety of advertising solutions designed to help businesses reach their target audiences on Facebook and its associated platforms such as Instagram. The services include options for image and video ads, carousel ads with multiple images or videos, and collection ads that showcase multiple products. Additionally, Facebook Ads offers functionalities like lead generation forms, event promotion, and app installs. The platform includes tools for defining target demographics and measuring the performance of advertising campaigns.

  • POS Withdrawal: Point of Sale transaction
  • FACEBK ADS: Merchant name or description (Facebook Ads)
  • 123 MAIN St: Merchant location or additional details

    • 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 Facebook Ads
    Download the App