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TikTok ‘Chase Bank Outage’ Shows People Suspected of Committing Check Fraud
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TikTok ‘Chase Bank Outage’ Shows People Suspected of Committing Check Fraud

A new trend on TikTok has people posting about trying to exploit a “glitch” in Chase Bank ATMs that offers “infinite free money.” However, they’re quickly learning that a bank and its money aren’t so easily separated.

Experts say the “glitch” videos closely resemble check fraud, one of the oldest forms of scams.

Videos urging bank customers to take advantage of the “outage” quickly circulated online, prompting people to deposit bogus checks for large amounts.

The outage caused some bogus deposits to be credited to customers’ accounts before the checks were processed.

A video showed people standing in line outside Chase branches in New York City, reportedly looking for ways to take advantage of the “viral outage to get free money,” one person wrote on X.

But Chase quickly resolved the issue and is now recovering the money it paid out to people who wrongfully earned it.

A Chase Bank spokesperson told The Post that consumers should be skeptical and that if something seems too good to be true, it probably is.

“We are aware of this incident and it has been addressed. Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple,” the spokesperson added.

People who took advantage of the outage quickly reported that their accounts were blocked and their balances were hugely negative.

One user posted deductions labeled “ATM deposit error,” totaling nearly $40,000.


Chase bank fraud
People shared videos online of their accounts now being thousands of dollars in debt after they attempted to exploit the outage. X

For a brief period when the exploit appeared to work, unsuspecting social media users went into a frenzy.

Chase customers shared videos of themselves dancing with joy and throwing handfuls of cash into the air in front of a Chase Bank in Yonkers.

One clip shows a cheerful group of people driving around with their heads sticking out of car windows and Chase cards in their mouths.

Jim Wang, a finance educator, explained the problem of the “Chase Bank glitch” mania and warned that those who “exploit” the problem will face serious consequences.

@bestwallethacks

The Chase “infinite money glitch” is a viral video that went around showing a way to trick Chase ATMs into giving you money that wasn’t yours. It was check fraud and I won’t rehash how the “glitch” worked because it is illegal and has been fixed. If you ever get mysterious money deposited into your account due to a bank error, tell the bank immediately. It’s not your money and if they find out, they’ll want it back. Don’t spend it, don’t move it, just leave it there and tell the bank. Just because it’s in your account doesn’t mean it’s yours. And don’t believe everything you see on social media. #fraud #chase #scam

♬ original sound – Jim Wang

“What people found out over the last few days is that Chase was having issues with their ATMs. They were able to deposit checks, they were able to get the balances, they were able to withdraw them,” Wang said.

“Chase had a pretty good handle on it, within a day everything was resolved and the people who did this saw large amounts of money in their accounts or huge negative balances.”

Wang continued: “In the case of this ‘glitch’ it was just check fraud. You get into big trouble if you do something like that.”


Pursuit
Those who attempted to exploit the outage faced seven-day bans or negative balances running into the tens of thousands of dollars. Christopher Sadowski

Wang reiterated that if a large amount of money appears in the bank account due to a bank error, customers should immediately report it to their bank.

“Just because you have money in your account doesn’t mean it’s literally yours,” he said. “If you spend it and you’re forced to pay it back, you’re going to have to find a way to pay it back.”

Another expert and CEO of the Bloom Institute of Technology, Austen Allred, also took to social media to debunk the trend.

“The ‘Chase unlimited money glitch’ that went viral on TikTok was: writing yourself a giant check, depositing that check on your mobile, going to an ATM to withdraw money before the check cleared… Literally just committing check fraud,” he wrote.