Is "External Withdrawal HUMANA, INC. - INS PYMT" fraud?

Written by Ava Morales

June 18th, 2024

Medium Risk

What is "External Withdrawal HUMANA, INC. - INS PYMT"?

Humana Inc. was founded in 1961 and is headquartered in Louisville, Kentucky. The company operates in the healthcare industry and provides a range of health insurance products and services. These include individual and family health insurance plans, Medicare plans, dental and vision plans, and pharmacy solutions. Humana also offers supplemental insurance, such as accident, critical illness, and hospital indemnity plans. The company focuses on health and wellness solutions, catering to the needs of individuals, employers, and healthcare providers.

External Withdrawal: Indicates that the transaction was an outgoing transfer from the account.

HUMANA, INC.: Identifies the entity that received the funds.

INS: Short for "Insurance," signifying the nature of the transaction.

PYMT: An abbreviation for "Payment," indicating the transaction was for a 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.