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The “Chase bank glitch” is actually a crime and could land you in prison
Fortune
Follow
9/4/2024
Chase Bank’s “money glitch” isn’t a hack that can get you free cash, it’s just run-of-the-mill fraud.
Category
🤖
Tech
Transcript
Display full video transcript
00:00
A free money glitch has taken over TikTok.
00:02
Except it's not free money, it's fraud!
00:05
The Chase bank glitch encourages people to write fake checks and deposit them into their own bank accounts at an ATM.
00:11
Usually a check has to process before it clears.
00:14
But users withdrew cash from ATMs knowing the check they wrote wouldn't clear,
00:19
thinking the bank would accept it with no repercussions.
00:22
A Chase spokesperson told Fortune that depositing a bad check is fraud, plain and simple.
00:27
The legal repercussions for check fraud can vary by state and the amount of money in question.
00:32
But regardless, the social media users are still on the hook for the money.
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