Is "TO STASH CAPITAL (S, ACH" fraud?

Written by Ethan Patel

June 18th, 2024

Medium Risk

What is "TO STASH CAPITAL (S, ACH"?

Stash is a company that was founded in 2015 by Brandon Krieg, Ed Robinson, and David Ronick. It is a digital financial services company offering a range of services, including banking through Stash Invest, a micro-investing platform combined with a cash management account, and Stash Retire, an IRA and Roth IRA platform. Stash aims to simplify investing, make it more accessible for beginners, and reduce financial barriers for any interested parties.'

  • "TO STASH CAPITAL": Indicates the recipient or payee of the transaction is Stash Capital.
  • "S": Likely stands for "Send" or "Sender", indicating that the transaction was initiated by the sender.
  • "ACH": Stands for Automated Clearing House. It signifies that the transaction was processed through the ACH network, which is a system for financial transactions in the United States.

    • 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

    Stash does commit fraud

    they do wire fraud all the time you just don't hear about it much. Takes weeks to get your money from wire transfers. some times Longer,

    Transaction codes from Stash
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