Is "Debit Purchase Card 1044michaels Stores" fraud?

Written by Ava Morales

June 18th, 2024

Medium Risk

What is "Debit Purchase Card 1044michaels Stores"?

Michaels Stores, Inc. has been in business since 1973. The company operates as a retail chain primarily focusing on arts and crafts supplies. The range of products available includes art supplies, scrapbooking materials, frames, home décor items, artificial flowers, and seasonal merchandise. Michaels also offers custom framing services and a selection of educational kits for various crafts and hobbies. The company caters to crafters, hobbyists, and artists through both its physical retail locations and online platform.

**Debit Purchase**: Indicates that the transaction was a debit, meaning funds were withdrawn directly from your account.

**Card**: Specifies that the transaction was made using a debit or credit card.

**1044**: Likely represents the last four digits of the card used for the transaction.

**michaels**: Refers to the merchant or store where the purchase was made.

**Stores**: Confirms that the merchant is a retail store.

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.