Chase Bank warns customers about viral check fraud glitch

Chase Bank has issued a warning to its customers regarding a viral trend on social media platforms like TikTok and X, where users are misled into believing they can exploit a supposed system glitch to commit check fraud. This trend encourages individuals to deposit fraudulent checks into ATMs and withdraw funds before the checks bounce. Chase clarified that this is not a glitch but a clear invitation to engage in illegal activity, emphasizing that such actions are considered fraud regardless of online claims. The bank's statement highlights the serious consequences of participating in this scheme, as individuals will be responsible for repaying any withdrawn amounts once the checks are discovered to be fake. Videos circulating online have shown people attempting to withdraw large sums of money after depositing these checks, leading to a mix of excitement and caution among viewers. As the trend gained traction, some users began to share their negative experiences, including screenshots of their accounts showing significant overdrafts and holds placed by the bank. This backlash served as a warning to others about the risks associated with the fraudulent activity. Chase Bank's response aims to educate customers about the dangers of check fraud, which is not a new phenomenon but has gained renewed attention due to this viral trend. The bank's plea underscores the importance of understanding the legal implications of such actions and the reality that there are no shortcuts to obtaining money without consequences.