Chase ATM ‘Glitch’ Chaos: TikTok Trend Sparks Fraud Frenzy

Published: Aug 31, 2024 Duration: 00:01:00 Category: News & Politics

Trending searches: chase money glitch
A new TikTok trend has people chasing “infinite  free money” through a supposed glitch in Chase   bank ATMs. But, as many have discovered,  banks don’t part with their cash so easily. The so-called glitch encouraged users  to deposit fake checks for large sums,   which would sometimes appear as credited  funds before the checks cleared. Videos   of people lining up at Chase locations  in New York City went viral, but the   excitement was short-lived. Chase quickly  fixed the bug and began reclaiming funds. Chase Bank warned, “If something seems  too good to be true, it probably is.”   Those who fell for the scam found their  accounts locked and facing massive negative   balances. One user reported nearly $40,000  in deductions labeled “ATM deposit error.” Despite the brief euphoria—people  dancing with cash and flaunting   Chase cards—experts stressed that this was  just old-fashioned check fraud. A financial   educator noted that those involved  will face serious consequences and   emphasized that any unexpected bank  error should be reported immediately. As one expert put it, “This ‘unlimited  money glitch’ is just fraud, plain and   simple. You’re going to get in huge  trouble if you do something like this.”

Share your thoughts