Is "NAVY EXCHANGE 1102963401" fraud?

Written by Piper Hall

June 18th, 2024

Medium Risk

What is "NAVY EXCHANGE 1102963401"?

Navy Exchange, commonly referred to as NEX, has been in business since 1946. The organization operates as a retail chain for members of the United States Navy and their families. Navy Exchange provides a variety of retail products including apparel, electronics, furniture, and groceries. The company also offers services such as automotive repair and gas stations. Navy Exchange locations are found on Navy bases worldwide, serving both active-duty and retired military personnel.

NAVY EXCHANGE: Merchant or business name

1102: Date of transaction (11th of February)

963401: Unique transaction identifier

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.