Is "SPECTRUM ACH PPD ID: 5330903620" fraud?

Written by Aiden Lee

June 18th, 2024

Medium Risk

What is "SPECTRUM ACH PPD ID: 5330903620"?

Spectrum, also known as Charter Communications Inc., is an American telecommunications and mass media company. The company was founded in 1993. It offers a variety of retail products including cable television, broadband internet, and voice services. Spectrum also provides mobile network services and has service contracts with various local and regional businesses.'

  • SPECTRUM: Name of the company or entity associated with the transaction
  • ACH: Stands for Automated Clearing House, a network used for electronic money transfers
  • PPD: Stands for Prearranged Payment and Deposit entry, a type of ACH transaction
  • ID: Identification number associated with the transaction
  • 5330903620: Unique code or reference number for the transaction

    • 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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