Is "Acorns Investing Transfer PPD ID: 9000142693" fraud?
Written by Remi Russell
June 18th, 2024
Medium Risk
What is "Acorns Investing Transfer PPD ID: 9000142693"?
Established in 2012, Acorns is a financial technology and financial services provider. It offers a micro-investing platform with features including automated investment in a portfolio of exchange-traded funds (ETFs), arranged in five different types of portfolios. In addition, Acorns provides a checking account service with a debit card offering that assists customers in making wise monetary decisions. Besides that, they provide a cash-back program where users can earn as they shop with Acorns’ 350+ partners.'
Acorns Investing: The name of the company or service associated with the transaction.
Transfer: Indicates that money was transferred from one account to another.
PPD: Stands for Prearranged Payment and Deposit. It indicates an electronic funds transfer initiated by the recipient.
ID: A unique identifier or reference number associated with the transaction.
9000142693: The specific identifier for this 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.