Is "ACH Withdrawal LEGALSHIELD - PAYMENT" fraud?

Written by Remi Russell

June 18th, 2024

Medium Risk

What is "ACH Withdrawal LEGALSHIELD - PAYMENT"?

LegalShield has been in business since 1972. The company provides legal service products to individuals, families, and small businesses. Their products include access to a network of law firms for various legal consultations, document review services, and preparation of legal documents such as wills and living wills. They also offer identity theft monitoring and restoration services.

  • ACH: Automated Clearing House, which indicates the type of transaction as an electronic funds transfer
  • Withdrawal: Specifies that the transaction is a deduction from the account
  • LEGALSHIELD: The name of the company or merchant where the payment is directed
  • PAYMENT: Indicates that the transaction is a payment for services or products

    • 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 Legalshield
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