Is "Pos Debit- 5205 5205 Tiaa Stadium Conce" fraud?

Written by Caleb Martin

June 18th, 2024

Medium Risk

What is "Pos Debit- 5205 5205 Tiaa Stadium Conce"?

TIAA, originally founded in 1918 as the Teachers Insurance and Annuity Association of America, has been in business for over a century. The company provides a range of financial products and services, including retirement plans, IRAs, mutual funds, and life insurance. They also offer banking services such as checking and savings accounts, as well as investment advisory services. TIAA caters primarily to individuals and institutions in the academic, research, medical, cultural, and governmental fields.

Pos: Point of Sale

Debit: Transaction type (deduction from account)

5205: Date or time-specific code related to the transaction

5205: Store or vendor-specific code

Tiaa Stadium: Merchant or location name

Conce: Likely an abbreviation for "Concession"

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.