Chase Bank has issued a statement as a warning to people participating in the “money glitch” challenge. This viral social media trend has captivated the minds of many people across the nation. The challenge involves people depositing fake checks into their Chase accounts at ATM machines. The idea is to cash out before the system notices a problem. The issue with the challenge is that people are on the hook for the money taken from their account from the fake check. Also, this practice is very old and simply called “bank fraud.” Anyone who participates in fraud is subject to a lengthy prison sentence.
SOURCES:
Chase money glitch: How a viral TikTok trend turned out to just be plain check fraud.
Chase warns against using system glitch to filch cash: it’s ‘fraud, plain and simple’ | US news | The Guardian
Viral videos of people stealing money from Chase ATMs were just plain check fraud | CNN Business
That ‘Chase Bank glitch’ could lead to negative balances, locked accounts — and jail time – MarketWatch
Viral TikTok Chase bank ATM glitch amounts to fraud, bank says
Chase Bank aware of customers attempted to game ATMs with viral ‘glitch’ – YouTube
