Is "ACH WITHDRAWAL FORD MOTOR CR FORDCREDIT JOHN DOE " fraud?

Written by Caleb Martin

June 18th, 2024

Medium Risk

What is "ACH WITHDRAWAL FORD MOTOR CR FORDCREDIT JOHN DOE "?

Ford Credit, officially known as Ford Motor Credit Company, has been in operation since 1959. This subsidiary of Ford Motor Company provides automotive financial services to both its dealers and customers. Their retail products include a variety of financing options for purchasing or leasing Ford vehicles. They offer loan arrangements, lease promotions, and insurance packages designed to complement the acquisition of new or pre-owned vehicles from Ford dealerships. Ford Credit also provides dealer financing, such as inventory and real estate loans.

ACH: Automated Clearing House

WITHDRAWAL: Indicates a debit transaction

FORD MOTOR CR: Ford Motor Credit, the entity initiating the transaction

FORDCREDIT: Additional identifier for Ford Motor Credit

JOHN DOE: Account holder or recipient name

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.