Is "Electronic Withdrawal Fdms" fraud?

Written by Sage Wallace

June 18th, 2024

Medium Risk

What is "Electronic Withdrawal Fdms"?

Fdms has been in business for several years, having established its presence in the retail market. The company provides a range of retail products, including clothing, electronics, and household items. In addition to these, Fdms offers a variety of accessories and personal care products. The company operates both physical stores and an online platform to cater to a wider customer base.

**Electronic**: Indicates a transaction that was processed electronically rather than with physical means like cash or checks.

**Withdrawal**: Specifies that the transaction involves money being taken out of the account.

**Fdms**: Likely an abbreviation or code representing the entity or system that processed the withdrawal, which could be a third-party payment processor or merchant.

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.