Is "POS Withdrawal (FSP) MARKET BASKET 64 123 MAIN St(" fraud?

Written by Lily Tran

June 18th, 2024

Medium Risk

What is "POS Withdrawal (FSP) MARKET BASKET 64 123 MAIN St("?

Market Basket is a grocery store chain that has been in business since its founding in 1917. The company provides a variety of retail products including fresh produce, meat, seafood, deli items, bakery goods, and grocery staples. Additionally, it offers dairy products, frozen foods, and a selection of non-food items such as household supplies and personal care products. Market Basket operates numerous stores primarily in the New England region of the United States.

POS Withdrawal: Point of Sale Withdrawal

(FSP): Financial Service Provider identifier

MARKET BASKET: Merchant name

64: Store or branch number

123 MAIN St: Address of the transaction location

(3090): Transaction reference number

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.