Is "Albert Savings D EDI PYMNTS" fraud?

Written by Gavin Brooks

June 18th, 2024

Medium Risk

What is "Albert Savings D EDI PYMNTS"?

Albert is a financial technology company founded in 2015. Its services include automated savings, budgeting assistance, and micro-investing. They also provide financial advice via text message consultations with financial experts. Albert has further expanded its offering with Albert Instant, a service that provides cash advances.'

  • Albert Savings: Name of the entity or company
  • D: Type of transaction, in this case, a debit
  • EDI: Possibly an abbreviation for the payment method or system used
  • PYMNTS: Could be an abbreviation for payments, indicating the nature of the transaction
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    SimplyWise Community Comments

    SarahJ89

    I got this transaction an hour ago. I almost fell for this scam!

    5 days ago

    IvyPatterson

    I called my bank and they said to reset all my passwords and get a new card.

    2 weeks ago

    JohnT

    I just got an email about a $200 transaction that I don't recognize. I haven't made any purchases recently. Has anyone else seen something like this? What should I do?

    1 month ago

    Mike_West

    Received an email with a transaction notification for a service I never signed up for. It looks legitimate but I'm really worried. Could this be a scam or a mistake?

    2 months ago

    AnnaB23

    I found a charge on my account for an amount I didn’t authorize, and I got an email confirmation for it. I'm sure I didn't make this transaction. How do I resolve this?

    5 months ago