Is "MERCURY INS PAYMENT 040118190287725 ,JOHN DOE A706" fraud?

Written by Remi Russell

June 18th, 2024

Medium Risk

What is "MERCURY INS PAYMENT 040118190287725 ,JOHN DOE A706"?

Mercury Ins is a company that has been in the insurance business since 1961. The company offers a variety of insurance products, including automobile insurance, homeowners insurance, renters insurance, and business insurance. Mercury Ins operates through a network of independent agents and provides insurance services primarily in the United States. The company's offerings also include umbrella insurance policies and mechanical protection plans for vehicles. They focus on providing coverage solutions tailored to individual and commercial needs.

MERCURY INS: Insurance provider

PAYMENT: Type of transaction

040118190287725: Reference or Transaction ID

JOHN DOE: Name of the account holder

A706: Internal or bank-specific code (could indicate branch, account type, etc.)

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.