Is "TARGET DEBIT CRD ACH TRAN 000558637251959 POS ID: " fraud?

Written by Caleb Martin

June 18th, 2024

Medium Risk

What is "TARGET DEBIT CRD ACH TRAN 000558637251959 POS ID: "?

Target Corporation has been in operation since 1902. Their retail offerings span multiple categories including clothing, furniture, electronics, toys, and groceries, among others. The company also provides online shopping and shipping services.'

TARGET: The name of the recipient or the company involved in the transaction

DEBIT: The transaction represents a debit or a deduction from the user's account

CRD: Indicates that the debit transaction was made using a credit or debit card

ACH: Stands for Automated Clearing House, which is a network that facilitates electronic funds transfers between banks

TRAN: Short for transaction

000558637251959: Unique identifier or reference number for the transaction

POS ID: Stands for Point of Sale Identification, indicating that the transaction originated from a physical point of sale

1410215170: Additional identification or tracking number related to the specific transaction

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.