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Is "Withdrawal-ACH-A-1285382 Rocket Money (Premium)" fraud?

Written by Jemina Owen-Jones

April 18th, 2024

About "Withdrawal-ACH-A-1285382 Rocket Money (Premium)"

1/25/2024 6:08
  • Withdrawal: Indicates that it is a transaction involving the movement of funds out of the account.
  • ACH: Stands for Automated Clearing House, a network used for electronic funds transfers between banks in the United States.
  • A: Represents the type of ACH transaction, which in this case is an ACH debit.
  • 1285382: Refers to the unique identifier or reference number for the transaction.
  • Rocket Money (Premium): Indicates the name of the recipient or the purpose of the withdrawal, in this case being Rocket Money, possibly a premium service.

    • 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 Rocket Money.
    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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