Is "ACH Debit - Freedom Mtg Pymts 4100103" fraud?

Written by Ava Morales

June 18th, 2024

Medium Risk

What is "ACH Debit - Freedom Mtg Pymts 4100103"?

Founded in 1990, Freedom Mortgage has been in business for over three decades. The company offers a range of mortgage products including conventional loans, Federal Housing Administration (FHA) loans, Department of Veterans Affairs (VA) loans, and United States Department of Agriculture (USDA) loans. Additionally, Freedom Mortgage provides refinancing options and home equity loans. The company's services primarily focus on residential mortgage lending.

**ACH Debit**: Type of electronic transaction where the payment is debited directly from the account.

**Freedom Mtg Pymts**: Indicates the recipient or purpose of the transaction, in this case, a payment to Freedom Mortgage.

**4100103**: Likely a reference or account number specific to the transaction or the mortgage payment.

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.