Is "REMITLY INC REMITTANCE" fraud?

Written by Ava Morales

June 18th, 2024

Medium Risk

What is "REMITLY INC REMITTANCE"?

Remitly is a financial services company that has been in operation since 2011. The company provides international money transfer services, allowing users to send money across borders through digital channels. Remitly's primary retail products include cross-border remittance services, which cater to individuals looking to send money to family and friends in different countries. The company operates through a mobile app and website, providing various transfer options such as bank deposits, cash pickups, and mobile wallets.

  • REMITLY INC: The name of the service provider who processed the transaction.
  • REMITTANCE: The type of transaction, indicating a transfer of funds from one party to another, typically across borders.

    • 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

    Sheila Reel

    Your company took $70.00 from my bank account without authorization

    Transaction codes from Remitly
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