Is "HYUNDAI MOTOR FINANCE - RETAIL Bill Payment" fraud?

Written by Sage Wallace

June 18th, 2024

Medium Risk

What is "HYUNDAI MOTOR FINANCE - RETAIL Bill Payment"?

Hyundai Motor Finance was established to support Hyundai Motor America's sales efforts in the United States. The company has been in business since 1989. Its primary services are focused on providing automotive financing solutions. These include retail financing, leasing options, and dealer financing. The company helps customers purchase or lease new and used Hyundai vehicles. It also offers various financial products tailored to meet the needs of individual automotive buyers and dealerships.

HYUNDAI MOTOR FINANCE: Payee or organization that received the payment

RETAIL: Type of account or service related to the transaction

Bill Payment: Nature of the transaction (payment of a bill)

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.