Is "BARCLAYS BANK DE COLLECTION 0001300056556xx" fraud?

Written by Caleb Martin

June 18th, 2024

Medium Risk

What is "BARCLAYS BANK DE COLLECTION 0001300056556xx"?

Barclays is a multinational investment bank and financial services company that has been in business since its establishment in 1690 in London. The company provides several retail products which include but are not limited to personal banking, credit cards, corporate banking, investment banking, mortgages, and wealth management. Barclays operates worldwide, serving millions of customers and businesses. Barclays is regulated by the Financial Conduct Authority and the Prudential Regulation Authority.'

BARCLAYS BANK: Bank name

DE COLLECTION: Type of transaction (could refer to a deposit or collection)

0001: Specific branch or location code

300056556: Unique identifier for the transaction

xx: Additional information or reference number

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.

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