Is "BPS*BILT REWARDS B" fraud?

Written by Lily Tran

June 18th, 2024

Medium Risk

What is "**BPS*BILT REWARDS B**"?

BP, also known as British Petroleum, has been in operation for over 110 years, having been established in 1909. It is an integrated oil and gas company that does business in all areas of the industry, including exploration, production, refining, distribution, and marketing. Other retail products include fuel for transportation, energy for heat and light, lubricants, and petrochemical products used to make items like paints, clothes, and packaging. It also offers renewable energy solutions such as wind energy and biofuels.'

BPS: This is the abbreviation or code for the bank or financial institution associated with the transaction.

*: The asterisk is a separator used to distinguish different parts of the transaction code.

BILT REWARDS: This is the merchant or business name that the transaction is associated with.

B: This could represent the payment method used, such as credit card or debit card.

In summary, the transaction code "BPS*BILT REWARDS B" indicates a payment made to the merchant or business named "BILT REWARDS" using a payment method that starts with the letter "B".:

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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