Is "ACH DEBIT AXXXXXXXX 123 MAIN StLIFE-AARP INSURANCE" fraud?

Written by Aiden Lee

June 18th, 2024

Medium Risk

What is "ACH DEBIT AXXXXXXXX 123 MAIN StLIFE-AARP INSURANCE"?

New York Life Insurance Company, in partnership with AARP, offers a range of insurance products primarily aimed at AARP members. New York Life, established in 1845, has been in business for over 175 years. Through its collaboration with AARP, New York Life provides life insurance products including term and permanent life insurance policies. The policies are designed to cater to the specific needs of AARP members, who are typically aged 50 and above. The collaboration does not extend to other types of insurance like health or auto insurance, focusing solely on life insurance offerings.

ACH DEBIT: Type of transaction (Automated Clearing House debit)

AXXXXXXXX: Unique transaction ID

123 MAIN St: Transaction location or reference

LIFE-AARP INSURANCE: Description or name of the payee/merchant

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.