Is "Withdrawal to Simply Checking XXXXXXXXXX" fraud?

Written by Aiden Lee

June 18th, 2024

Medium Risk

What is "Withdrawal to Simply Checking XXXXXXXXXX"?

Simply has been in business since 2014. The company offers various retail products, including health and dietary supplements, wellness products, and fitness-related items. Simply operates both online and through physical retail locations, providing a range of options for customers seeking wellness and health products.

Withdrawal: Indicates the type of transaction.

to Simply Checking: Specifies the account type or name where the withdrawal is directed.

XXXXXXXXXX: Represents the account number or a portion of it, usually with some digits masked for security.

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.