Is "Wealthfront Inc. EDI PYMNTS PPD ID: 5271967207" fraud?

Written by Aiden Lee

June 18th, 2024

Medium Risk

What is "Wealthfront Inc. EDI PYMNTS PPD ID: 5271967207"?

Wealthfront is a financial technology company that has been in business since 2008. The company offers a range of retail products including automated investment management, financial planning, and banking services. Wealthfront provides portfolio management through index funds and utilizes a robo-advisor for wealth management. The company also offers cash accounts with interest and the ability to automate savings.

  • Wealthfront Inc.: The name of the company or entity involved in the transaction.
  • EDI: Electronic Data Interchange, indicating the transaction was processed electronically.
  • PYMNTS: Indicates a payment transaction.
  • PPD: Prearranged Payment and Deposit, typically for direct deposits or recurring payments.
  • ID: 5271967207
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    SimplyWise Community Comments


    I got this transaction an hour ago. I almost fell for this scam!

    3 days ago


    I called my bank and they said to reset all my passwords and get a new card.

    1 week ago


    I just got an email about a $200 transaction that I don't recognize. I haven't made any purchases recently. Has anyone else seen something like this? What should I do?

    1 month ago


    Received an email with a transaction notification for a service I never signed up for. It looks legitimate but I'm really worried. Could this be a scam or a mistake?

    2 months ago


    I found a charge on my account for an amount I didn’t authorize, and I got an email confirmation for it. I'm sure I didn't make this transaction. How do I resolve this?

    5 months ago