Is "ATM RCR Payment FRESHBOOKS DE #1688" fraud?

Written by Aiden Lee

June 18th, 2024

Medium Risk

What is "ATM RCR Payment FRESHBOOKS DE #1688"?

FreshBooks has been in business since 2003. The company offers cloud-based accounting software primarily targeting small business owners and independent professionals. The software provides various features including invoicing, expense tracking, time tracking, and financial reporting. FreshBooks also offers tools for managing projects and client interactions. The company provides integrations with other business applications and services to extend its functionality.

  • **ATM**: Indicates that the transaction was made using an Automated Teller Machine.
  • **RCR Payment**: Stands for Recurring Payment, suggesting a repeat transaction for a subscription or regular bill.
  • **FRESHBOOKS**: Identifies the service or company associated with the payment.
  • **DE**: Denotes the state where the transaction was processed, in this case, Delaware.
  • **#1688**: Likely a reference or identification number specific to this transaction or the payer's account with FreshBooks.

    • 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.

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    Transaction codes from FreshBooks
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