Earnin is a financial services company that was founded in 2014. The company offers a mobile application platform that allows hourly, salaried, and on-demand workers to access their earned wages before their payday. Besides, it provides a financial calendar that tracks earnings and spending. In addition to these services, Earnin offers balance alerts, financial health measurement facilities, and saving balance anonymized comparisons. It does not provide physical retail products.'
ACH: Automated Clearing House. It refers to an electronic funds transfer system that allows funds to be transferred between bank accounts.
Withdrawal: The action of taking money out of an account.
Earnin: The name of the organization or company from which the withdrawal is made.
PAYMENTRET: Indicates that the transaction is a payment return, which means that a previously sent payment was returned to the sender.
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.