Is "Withdrawal ACH FUTURE SYSTEMS T/TYPE: IMPOUND CO: " fraud?

Written by Piper Hall

June 18th, 2024

Medium Risk

What is "Withdrawal ACH FUTURE SYSTEMS T/TYPE: IMPOUND CO: "?

Future Systems has been in business since 1998. The company specializes in providing a variety of retail products, including computer hardware, consumer electronics, and software solutions. Future Systems also offers technological consulting services and support for both individual consumers and businesses. The company maintains an online store and a network of physical retail locations.

**Withdrawal ACH**: Indicates that the transaction is an Automated Clearing House (ACH) withdrawal.

**FUTURE SYSTEMS**: The name of the company or entity initiating the transaction.

**T/TYPE: IMPOUND**

**CO: FUTURE SYSTEMS**

**T Entry Class Code: CCD**

**ACH TRACE NUMBER: 091408596327388**

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.