Is "SPECTRUM DES:RETURN FEE ID:888-235-4635 INDN:ACCOU" fraud?
Written by Ava Morales
June 18th, 2024
Medium Risk
What is "SPECTRUM DES:RETURN FEE ID:888-235-4635 INDN:ACCOU"?
Spectrum, also known as Charter Communications Inc., is an American telecommunications and mass media company. The company was founded in 1993. It offers a variety of retail products including cable television, broadband internet, and voice services. Spectrum also provides mobile network services and has service contracts with various local and regional businesses.'
SPECTRUM: The name of the company or organization involved in the transaction
DES: Description of the transaction (in this case, "RETURN FEE")
ID: Identification number associated with the transaction
888-235-4635: Contact phone number related to the transaction
INDN: Individual's information related to the transaction
ACCOUNT CO ID: Company's account code or ID
XXXXX0362X: Partial account number or identifying code
PPD: Type of payment or transaction method (in this case, Prearranged Payment and Deposit)
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.