Is "Electronic Withdrawal Transamerica Ins" fraud?

Written by Caleb Martin

June 18th, 2024

About "Electronic Withdrawal Transamerica Ins"

Transamerica is a financial services company that has been in business since 1906. The company provides a variety of financial products and services, including life insurance, retirement solutions, mutual funds, and annuities. It also offers investment services and employee benefit programs. Transamerica operates primarily in the United States and serves both individual and corporate clients.
  • Electronic: Indicates the transaction was processed electronically.
  • Withdrawal: Specifies that the transaction was a withdrawal from the account.
  • Transamerica: Identifies the recipient or entity involved in the transaction.
  • Ins: Abbreviation for Insurance, indicating the nature of the transaction.
  • 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 Transamerica.
    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 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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