PRINCIPAL FIN* Charge (What It Is + Is It Legit?)
✓ LegitimateThe "PRINCIPAL FIN*" charge is from Principal Financial Group. Principal Financial life insurance or retirement plan premium.
Principal Financial Group
Principal Financial life insurance or retirement plan premium.
Category
Insurance
Avg. Charge
Variable
Country
US
Billing Cycle
Monthly
Cancel At
principal.com/login
Support
1-800-986-3343
Why does this charge appear?
When Principal Financial Group processes insurance premiums and retirement plan payments, their billing system truncates the company name to fit within the character limits imposed by bank and credit card networks, which typically cap merchant descriptors at 20-25 characters. The asterisk in "PRINCIPAL FIN*" is a common formatting convention used by payment processors to separate a shortened merchant name from additional reference information, such as a policy or account identifier that may follow. If you are enrolled in a life insurance policy, 401(k), or other retirement product through Principal Financial Group, this descriptor is the expected way that recurring monthly premium charges will appear on your statement.
What should you do?
Log into your Principal Financial account
Visit principal.com/login to access your Principal Financial Group account and review your active policies, retirement plans, or insurance premiums to confirm the PRINCIPAL FIN* charge matches a product you enrolled in.
Match the charge amount to your policy
Inside your Principal Financial Group account, locate your billing or payment history and verify that the dollar amount of the PRINCIPAL FIN* charge on your bank statement matches your expected life insurance premium or retirement plan contribution schedule.
Contact Principal Financial Group directly
If you cannot identify what the PRINCIPAL FIN* charge covers, call Principal Financial Group customer service through the contact options found at principal.com to get a full explanation of the specific policy or plan the charge is tied to.
Manage or update your plan at principal.com
If you no longer want the service tied to the PRINCIPAL FIN* charge, log in at principal.com/login to review your enrollment options, adjust your coverage, or initiate a cancellation of the applicable insurance or retirement plan to stop future charges.
Is this charge fraudulent?
No, this is a legitimate charge from Principal Financial Group. However, if you did not authorize this charge or cancelled your subscription, you may be eligible for a refund.
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