Recently, a supposed “glitch” at Chase Bank caught the attention of social media users, leading to widespread speculation about how to withdraw money without sufficient funds.
Reports indicate that some savvy individuals managed to exploit this error by depositing fraudulent checks or securing large loans through Chase ATMs, quickly withdrawing funds before any verification could occur.
Typically, banks take a few days to clear checks before releasing funds. However, this glitch allowed for immediate access, unintentionally aiding fraudsters in their schemes.
A viral video from a user on X (formerly Twitter) quickly garnered over a million views, showcasing the rush of people trying to take advantage of the situation. Another viral post depicted a line of eager customers outside a Chase branch in New York.
While excitement reigned initially, the consequences of these actions soon followed. Many users reported devastating repercussions, including account holds and massive negative balances; one person claimed to owe around $40,000.
Upon closer inspection, it’s clear that this so-called glitch was merely a facade for check fraud. With many individuals posting their exploits online, they opened themselves up to serious legal ramifications.
One commenter highlighted the absurdity of the situation: “A ‘Chase money glitch’ went viral on TikTok. People are filming themselves attempting it. The glitch? Simple check fraud.”
Another cautioned, “Please don’t try the Chase Money Glitch. You will either ruin your credit or face jail time.” Further warnings reminded users that engaging in such activities could lead to severe penalties, including felonies.
While Chase has taken steps to address the issue, this incident serves as a stark reminder of the risks tied to quick money schemes.