Is "Withdrawal ACH F TYPE: ADV DEBIT CO: Fundbox INC. " fraud?

Written by Lily Tran

June 18th, 2024

Medium Risk

What is "Withdrawal ACH F TYPE: ADV DEBIT CO: Fundbox INC. "?

Fundbox Inc. is a financial technology company that was founded in 2013. The company offers various products focused on providing credit and payment solutions for small businesses. These products include revolving lines of credit and short-term loans, which are designed to help businesses manage cash flow and handle expenses. Fundbox uses machine learning technology to assess the creditworthiness of businesses, enabling quick decision-making for loan approvals. The service is aimed at helping small businesses with their financing needs and operational growth.

Withdrawal ACH: Automated Clearing House transaction withdrawal

F TYPE: ADV DEBIT

CO: Fundbox INC.

Entry Class Code: CCD

ACH Trace Number: 0

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.