Is "ACH Withdrawal NewYork 529 ACH / - CONTRIB" fraud?

Written by Aiden Lee

June 18th, 2024

Medium Risk

What is "ACH Withdrawal NewYork 529 ACH / - CONTRIB"?

WESCO International has been in business since its founding in 1922. The company provides a range of products including electrical and industrial supplies, safety equipment, communications and data networking products, and maintenance, repair, and operations (MRO) supplies. Additionally, they offer supply chain management and logistics services. They serve multiple sectors, including industrial, construction, utility, and commercial institutions.

  • ACH Withdrawal: Type of transaction
  • NewYork 529: Recipient or account name
  • ACH: Automated Clearing House (electronic funds transfer)
  • CONTRIB: Likely abbreviation for contribution

    • 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
    Transaction codes from WESCO International
    Download the App