Is "ACH Debit - Homeshield/hsa Debits XXXXXXX" fraud?

Written by Ethan Patel

June 18th, 2024

Medium Risk

What is "ACH Debit - Homeshield/hsa Debits XXXXXXX"?

Homeshield Hsa is a company that has been in business for a number of years. The company primarily operates in the home security industry. They offer a variety of retail products that include home security systems, surveillance cameras, and alarm systems. Additionally, they provide installation and monitoring services for their security products to ensure comprehensive home protection.

ACH Debit: Automated Clearing House transfer indicating a direct withdrawal from your account.

Homeshield/hsa: The merchant or service provider associated with the transaction, typically referring to a home insurance or health savings account provider.

Debits: Indicates that the transaction is a debit, reflecting money taken out of the account.

XXXXXXX: The specific transaction reference number or identifier.

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.