Is "WITHDRAWAL ACH JOHN DOE TYPE: JOHN DOE ID: 1800948" fraud?

Written by Lily Tran

June 18th, 2024

Medium Risk

What is "WITHDRAWAL ACH JOHN DOE TYPE: JOHN DOE ID: 1800948"?

Spendebt has been in business since 2017. The company provides a financial service that integrates debt repayment with everyday spending. Through its platform, customers are able to allocate small payments towards their debt each time they make a purchase. Additionally, Spendebt offers tools for budgeting and tracking financial progress. The service aims to facilitate consistent debt repayment without requiring significant lifestyle changes.

WITHDRAWAL: Type of transaction

ACH: Automated Clearing House network used for the transaction

JOHN DOE: Name of the individual or entity involved

TYPE: JOHN DOE

ID: 1800948598

CO: JOHN DOE

ENTRY CLASS CODE: CCD

ACH NUMBER: XXXXXXXXXXXXXXX

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.