Is "Withdrawal AMERICAN FUNDS" fraud?

Written by Remi Russell

June 18th, 2024

Medium Risk

What is "Withdrawal AMERICAN FUNDS"?

Capital Group, founded in 1931, is a financial services company that has been in operation for over 90 years. Capital Group provides a range of investment management services and products, including mutual funds, private equity, and other related investment vehicles. The company is known for its long-term investment approach and serves individual investors, financial intermediaries, and institutional clients. Through its subsidiary American Funds, Capital Group offers various mutual funds that invest in equities, fixed income, and a combination of both.

  • Withdrawal: Indicates a removal of funds from the account
  • AMERICAN FUNDS: Refers to the specific entity or location where the withdrawal took place or where the funds were sent.
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    SimplyWise Community Comments

    SarahJ89

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

    3 days ago

    IvyPatterson

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

    1 week 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