Is "Withdrawal ACH / Withdrawal Wise Inc" fraud?

Written by Lily Tran

June 18th, 2024

Medium Risk

What is "Withdrawal ACH / Withdrawal Wise Inc"?

World Finance is a financial services company that has been in business since 1962. The company provides installment loans and tax preparation services. Additionally, they offer credit-related insurance products. World Finance operates across numerous locations in various states, focusing primarily on small loan services to individuals.

  • Withdrawal: Type of transaction indicating money taken out from the account.
  • ACH: Automated Clearing House network used for electronic payments and transfers.
  • Withdrawal: Indicates the direction of the ACH transfer (outgoing).
  • Wise Inc: The company or entity where the money was sent.
  • Start Tracking Expenses And Avoid Frauds

    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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