Is "ELAY FINANCIAL ACH PULL JOHN OE BUSINESS CHECKI" fraud?

Written by Piper Hall

June 18th, 2024

Medium Risk

What is "ELAY FINANCIAL ACH PULL JOHN OE BUSINESS CHECKI"?

Relay has been in business since 2016. The company provides a range of retail products focused on delivering essential items to consumers quickly and efficiently. Relay's offerings include groceries, toiletries, and household necessities. The platform aims to cater to various consumer needs by providing a wide selection of everyday products.

  • ELAY FINANCIAL: The name of the financial institution or service provider responsible for the transaction.
  • ACH PULL: Indicates that the transaction is an Automated Clearing House (ACH) debit, meaning funds are being pulled from the account.
  • JOHN OE: Likely referencing the name associated with the account or transaction.
  • BUSINESS CHECKING: The type of account from which the funds are being pulled, in this case, a business checking account.

    • 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.

    SimplyWise Community Comments
    Transaction codes from Relay
    Download the App