Is "CHECKCARD 0202 SPIN STRATEGY LAUNDRY 123 MAIN St X" fraud?

Written by Julian Sanchez

June 18th, 2024

Medium Risk

What is "CHECKCARD 0202 SPIN STRATEGY LAUNDRY 123 MAIN St X"?

Spin Strategy Laundry has been in business since 2010. The company provides a range of laundry-related services, including wash and fold, dry cleaning, and ironing. They also offer specialty cleaning for items such as wedding gowns and delicate fabrics. Additionally, Spin Strategy Laundry sells laundry products such as detergents, fabric softeners, and garment care accessories. The company operates both in-store services and pick-up and delivery options for customer convenience.

CHECKCARD: Transaction type indicating the use of a check card.

0202: Transaction date, February 2nd.

SPIN STRATEGY LAUNDRY: Merchant or business name.

123 MAIN St: Merchant address.

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.