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Is "AC-BETTERMENT SEC -TRANSFER" fraud?

Written by Gavin Brooks

June 18th, 2024

About "AC-BETTERMENT SEC -TRANSFER"

Betterment is a financial technology company that has been in business since 2008. The company provides a range of investment services, including robo-advisory options, retirement planning, and cash management solutions. Their product offerings also include personalized financial advice and various types of accounts such as brokerage and IRA accounts. Betterment uses algorithms to offer automated portfolio management and rebalancing, aiming to simplify the investment process for its users.
  • AC: Account
  • BETTERMENT SEC: Betterment Securities (likely the institution or service provider)
  • TRANSFER: Transfer of funds
  • Find & fight fraud from anywhere

    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 Betterment.
    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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