Is "ACH Withdrawal TRAVELERS - PER INSUR" fraud?

Written by Ethan Patel

June 18th, 2024

Medium Risk

About "ACH Withdrawal TRAVELERS - PER INSUR"

Travelers Insurance has been in business since its founding in 1853. The company offers a variety of insurance products including auto insurance, home insurance, and renters insurance. It also provides commercial insurance solutions such as property, liability, and workers' compensation insurance. Travelers Insurance serves both individual and business clients through its extensive range of coverage options.
  • **ACH Withdrawal**: Automated Clearing House withdrawal, indicating an electronic debit.
  • **TRAVELERS**: The name of the entity or merchant, in this case, likely referring to Travelers Insurance.
  • **PER INSUR**: Abbreviation indicating the purpose of the transaction, here likely referring to "personal insurance."
  • 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.
    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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