Is "FloatMe Fund I CR" fraud?

Written by Ava Morales

June 18th, 2024

Medium Risk

What is "FloatMe Fund I CR"?

FloatMe is a company that has been in business since 2018. The company focuses on providing financial services aimed at helping customers prevent overdrafts and manage their finances. FloatMe offers a membership service that provides small cash advances to its users and tools for budgeting and tracking expenses. The company operates through a mobile application that allows users to access these financial products and services on the go.

  • FloatMe: The name of the organization or service provider involved in the transaction.
  • Fund I: Indicates the specific account, fund, or project related to the transaction.
  • CR: Stands for "Credit," indicating that this is a credit transaction, where money is being deposited into the user's 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 FloatMe
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