Is "External Withdrawal FEDERAL / EXPRESS - DEBIT" fraud?

Written by Remi Russell

June 18th, 2024

Medium Risk

What is "External Withdrawal FEDERAL / EXPRESS - DEBIT"?

FedEx, originally known as Federal Express, was founded in 1971. It is a multinational delivery services company based in the United States. The company offers a variety of retail products and services, including overnight shipping, international shipping, ground shipping, and freight services. FedEx also provides additional solutions such as supply chain management, e-commerce services, and business services through various subsidiaries.

  • External Withdrawal: Indicates the transaction is a withdrawal from an account to an external party.
  • FEDERAL: Usually refers to a federal tax payment or a federal institution.
  • EXPRESS: Suggests that the transaction was processed quickly or has an expedited status.
  • DEBIT: Specifies that the transaction is a debit from the account.

    • 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 FedEx
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