Chase Bank acknowledges viral ‘glitch’ prompting potential check fraud

Chase Bank has warned its customers not to engage in a TikTok and X viral trend that encourages check fraud under the guise of a “system glitch.” Participants were told they could deposit false checks into ATMs, withdraw the money before the checks bounced, and take out a large sum of cash. However, Chase clarified that this is fraud, not a glitch, and those involved would be responsible for the withdrawn funds once the check bounced. While videos online claimed success in withdrawing cash from ATMs using this tactic, Chase quickly addressed the situation, leading to negative balances and holds on accounts. Fraudsters often engage in similar activities by depositing counterfeit checks and quickly withdrawing funds before the bank can catch on. While some still tried the scheme, other TikTokers began mocking them and emphasizing the consequences, such as legal action and jail time. Chase’s public statement and warning have served to deter people from participating in this fraudulent activity, emphasizing the importance of ethical banking practices and preventing financial crimes such as check fraud.

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