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Is "ACH Withdrawal Earnin PAYMENTRET" fraud?

Written by Jemina Owen-Jones

April 18th, 2024

About "ACH Withdrawal Earnin PAYMENTRET"

1/25/2024 6:08
  • 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.

    • 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 Earnin.
    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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