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Yesterday, a glitch in Chase Bank's system allowed people to withdraw funds they weren’t entitled to, prompting the bank to place 7-day holds on the affected accounts.
The Chase viral trend got promptly shut down by the bank, but this will not be the last time you hear about a check fraud scheme. Banks reported about 680,000 instances of check fraud in 2022 ...
On Aug. 31, another X user posted a video showing what he alleged were Chase customers lining up to use an ATM at one of the bank's New York locations "to do the new viral glitch to get free money."
2024 Chase Bank glitch [ edit ] In August and September of 2024, a viral "money hack", which was actually a form of cheque fraud, circulated on TikTok claiming that Chase Bank account holders could give themselves large amounts of money by writing a cheque, cashing it, and quickly withdrawing the money from an ATM .
Chase Bank said it was reviewing incidents of individuals who may have participated in an online check fraud "glitch" trend and referring them to law enforcement authorities.
The bank’s plea comes after this weekend a viral trend took over TikTok and X, with users being told that there was a systemwide glitch and that, if they deposited false checks in an ATM and ...
Yesterday, a glitch in Chase Bank's system allowed people to withdraw funds they weren’t entitled to, prompting the bank to place 7-day holds on the affected accounts.
Chase quickly fixed the glitch with its checking accounts. Normally when you deposit a check, the full amount of funds are not available for immediate withdrawal because the bank has to make sure ...