Is "Electronic Withdrawal Northwestern Mu" fraud?

Written by Caleb Martin

June 18th, 2024

Medium Risk

What is "Electronic Withdrawal Northwestern Mu"?

Northwestern Mutual has been in business since its founding in 1857. The company offers a variety of financial products and services, including life insurance, disability insurance, long-term care insurance, and annuities. In addition to insurance products, Northwestern Mutual provides investment management services, retirement planning, and financial planning for individuals and businesses. The company operates through a network of financial advisors and representatives across the United States.

**Electronic Withdrawal**: Indicates the type of transaction, specifically an electronic deduction from the account.

**Northwestern Mu**: Likely identifies the merchant or institution where the transaction occurred, suggesting it is with Northwestern University or a related entity.

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.