What is AEIS Debit and AEIS Credit on Bank Statement?

Have you ever charged AEIS Debit or AEIS Credit on bank statement and wondered what they are and why this appeared? In this blog article, we’ll look at AEIS transactions, describing what they are and whether they are genuine. We’ll also go over common reasons for these transactions and offer advice on what to do if you have any questions or concerns.

American Enterprise Investment Services CREDIT	American Enterprise Investment Services DEBIT
It is the refund of canceled services, an investment credit, or an insurance payout on a bank statement.	On the other hand, It is the deduction of fees or charges against any investment, services, or account maintenance charges.

Let’s start with more learning!

What is AEIS Credit?

AEIS is an American Enterprise Investment Services, a subsidiary of Ameriprise Financial Services which offers securities, investment, and insurance products. If you see this charge in your bank statement, this could be any charge which is listed below:

Deposit from Ameriprise Financial Services

If you see this credit in your bank statement, this could be a refund of canceled services, an investment credit, or an insurance payout, as described earlier.

Internal Transfer

If you see this credit in your bank statement, this could be an internal transfer between the accounts you maintain with Ameriprise Financial Services.

Credit from Third-Party Products

If you see this credit in your bank statement, this could be a third-party service which is offered by Ameriprise financial services such as insurance and annuities, investments, banking and cash management, retirement, taxes, the family estate, health & insurance, personal finance, and planning for education, etc.

What is AEIS Debit?

On the other hand, AEIS debit/ACH withdrawal is an automated clearing house that transfers funds electronically from one financial institution to another, as all online or offline funds are transferred from one bank account to another different bank account. This process is called ACH withdrawal.

Debit against fees or charges

If you see such charges on your bank statement, they could be a fee or charges against your services provided by AIES.

Debit Investment transactions

If you see such charges on your bank statement, it could be an investment transaction charge.

Debit against Account Maintenance

If you see such charges on your bank statement, they could be account maintenance charges.

Appearance of AEIS Credit on Bank Statement

The appearance of this on my bank statement or in my credit card entries related to AEIS can be shown below:

“DIRECT AEIS CREDIT DEPOSIT” denotes a direct deposit.

“ACHA withdrawal/AEIS debit” denotes a withdrawal related to the debit of AEIS.

These entries are processed using an electronic system.

Why am I getting this charge from AEIS Company?

The reason behind getting this charge from AEIS company is that when I swipe my credit card at that location, which is taking services from Intelispend (New name of Martiz Holding Inc), that charge comes with this code’s code.

How can I find this Charge on a Bank Statement?

It’s straightforward to locate as stated above on your bank statement by following these steps:

Review Transaction Description by looking at the entries with AEIS terms or similar abbreviations.
Carefully Check specific codes because some banks use codes for different types of transactions.

Are these charges are legitimate?

These credits are legitimate however if you find any unusual charge on your bank statement then immediately contact Ameriprise Financial Services for more clarification of the transactions.

There are common types of frauds that exist in the market such as recruitment fraud, advance fee fraud, romance fraud, debit card fraud, advisor imposter fraud, investment fraud, phishing fraud, account takeover fraud, check fraud, etc. If you find any suspicious charges on your bank statement, report the fraud.

FAQs – Frequently Asked Questions

Yes, Ameriprise is a wholly-owned subsidiary and provides clearing brokerage services along with custody of the assets such as cash and securities that are held in brokerage accounts.

AEIS Inc. offers retirement plans to individuals to plan for retirement by managing investments and achieving financial objectives. These plans include setting up plans, investment advice, and retirement planning tools.

Ameriprise provides a wide range of services, including Financial Planning, Retirement Planning, Portfolio Management Insurance and Annuities, CDs, and CM accounts.

In the past, there have been scams involving similar deposits that were not explained. If you find any such scam of deposit, please contact your bank to report any possible fraud if you have not opened or closed an American Express card or account. Call American Express to see if there have been any recent deposits.

It is a joint venture with Maritz Holdings, Inc., which provides reward points for loyalty, award, or promotion programs for businesses.

The headquarters for AEIS can be found at 1400 S Hwy Dr. Fenton Missouri.

Conclusion

I have clearly explained easily why this charge appears on the bank statement. Some possible causes of this credit are tax refunds, incentives, and bonuses. On the other hand, debits are the withdrawals of fees or charges, investment transaction charges, account maintenance charges, etc.

While AEIS seems like a simple abbreviation, its effects are more than the financial landscape because when you see those charges on your bank statement, you know that it is more than a simple acronym!

What is AEIS Debit and AEIS Credit on Bank Statement? Is it Legit?

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