Is "POS WITHDRAWALIC* INSTACART WWW.INSTACART.COM/ SAN" fraud?

Written by Julian Sanchez

June 18th, 2024

Medium Risk

What is "POS WITHDRAWALIC* INSTACART WWW.INSTACART.COM/ SAN"?

Instacart is a grocery delivery and pick-up organization that began operations in 2012. The American-based company works with several major grocery retailers to deliver foods

  • POS WITHDRAWAL: The transaction was made through a point-of-sale (POS) terminal.
  • IC*: This is the abbreviation of the merchant's name, which in this case is Instacart.
  • INSTACART WWW.INSTACART.COM/ SAN FRANCISCO CA: This is the merchant's information, including their website and location.
  • Card 15: Refers to the last four digits of the card used for the transaction.
  • #9471: This could be a reference number or ID related to the transaction.
  • MCC 5411: The Merchant Category Code (MCC) categorizes the type of business, and in this case, MCC 5411 refers to "Grocery Stores, Supermarkets."

    • 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.

    SimplyWise Community Comments
    Transaction codes from Instacart
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