There have been rumors recently about a malfunction in online banking which reportedly allows customers to withdraw money that is not theirs, up to $50,000 or even more at Chase Bank ATMs.

People would have tried to take advantage of the reported outage, with photos being uploaded show on social media they stood in line at the bank, as if to see if the rumors were true.

READ ALSO: Viral Chase Bank ‘glitch’ scam claims you can get free money

What is the viral Chase Bank ‘glitch’ scam that allows you to withdraw money? How does it work?

According to pop culture website Complex.com, the so-called glitch a form of check fraudwhere people depositing fake checks for large sums of moneywhich would then give the depositor the opportunity to withdraw money at the ATM. The checks are not marked at first, allowing the withdrawal to continue.

According to the site, Chase has taken steps to rectify the situation and those who tried to profit from the alleged outage have been punished with seven-day detention or ended with huge negative account balances.

Other websites claim that such a scam is difficult to carry out due to the bank’s security systems.

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‘Glitch’ at Chase Bank: Can I Go to Jail if I Deposit a Fake Check at an ATM to Cash More Money Than I Have?

If you were indeed able to withdraw money by depositing a fraudulent checkYou may have more to worry about than just negative account balances. Such an act would constitute check fraudbecause you deliberately deposited a bad check into an account with the intention of obtaining money that is not yours.

The punishment for this crime would depend on whether it is a violation or a crimeAccording to legal websites, a check fraud crime can be punished by: less than one year in prison plus a small fineViolations usually involve amounts less than $1,000.

A control fraud crime would likely mean that the penalties would be greater – the larger the amount involved, the more severe the punishmentCrimes of this kind can be punished by: more than a year in prison and higher fines.