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00:00Yesterday, reports emerged about a supposed glitch with Chase ATMs, where people were

00:04able to withdraw large amounts of cash.

00:10As this went viral, many were curious about how this so-called glitch worked, but there

00:14wasn't a clear explanation.

00:24In reality, this process isn't a glitch at all.

00:26It involves someone depositing a fake or invalid check into an ATM, the bank temporarily

00:31makes some of the funds available, and the person quickly withdraws the money before

00:35the check is fully cleared.

00:37When the bank later realizes the check is bad and it bounces, the account is left with

00:41a negative balance.

00:42This is what's known as check fraud.

The chase bank glitch explained. || Latest Update

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