Is "Withdrawal ACH / Withdrawal PETAL CARD INC" fraud?

Written by Aiden Lee

June 18th, 2024

Medium Risk

What is "Withdrawal ACH / Withdrawal PETAL CARD INC"?

Petal Card Inc has been in business since 2016. The company offers credit cards aimed at individuals looking to build or improve their credit history. Petal Card Inc provides products such as the Petal 1 and Petal 2 credit cards, which feature varying rewards programs, credit limits, and fee structures. The company focuses on using modern technology, including machine learning, to assess creditworthiness without relying heavily on traditional credit scores. Petal Card Inc emphasizes transparency in its fees and interest rates.

Withdrawal ACH: Indicates the transaction is an Automated Clearing House (ACH) withdrawal

Withdrawal PETAL CARD INC: Specifies the entity initiating the withdrawal, in this case, Petal Card Inc.

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.