Chase Bank says it is aware of viral 'glitch' inviting people to commit check fraud
Chase Bank is urging its customers not to commit check fraud.
Chase Bank is urging its customers not to commit check fraud.
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 withdrew that money soon afterward, they would be able to cheat the system and take out a large sum of cash before the check bounced.
A Chase bank branch in New York City on July 2, 2024.Jeenah Moon / Bloomberg via Getty ImagesThe only problem? This is not a “glitch” — it’s a check fraud scheme and those who participate will be on the hook for all the money they withdrew once the check bounces.
Although some on TikTok called the scheme a “glitch,” Chase reminded its customers that this “glitch” is actually an invitation to commit fraud.
“We are aware of this incident, and it has been addressed,” a spokesperson for Chase said in a statement to NBC News. “Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple.”
Rating: 5