Is "Point Of Sale Withdrawal SAVERS / - 123 MAIN St" fraud?

Written by Aiden Lee

June 18th, 2024

Medium Risk

What is "Point Of Sale Withdrawal SAVERS / - 123 MAIN St"?

Savers is a for-profit thrift retailer that has been in business since 1954. The company operates numerous stores across various locations, offering a range of second-hand merchandise. Products available at Savers include clothing for men, women, and children, footwear, accessories, household items, and furniture. The retailer also features books, toys, and other miscellaneous goods. Savers sources its inventory through donations and partnerships with non-profit organizations.

  • Point Of Sale Withdrawal: Indicates a purchase or cash withdrawal made via a point of sale terminal.
  • SAVERS: Name of the merchant or business where the transaction took place.
  • / -: Delimiter separating different parts of the code.
  • 123 MAIN St: Street address of the merchant's location.
  • 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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