Chase Bank acknowledges viral ‘glitch’ encouraging check fraud, assures customers it is being addressed

Chase Bank is warning customers not to commit check fraud after a viral trend on TikTok and other platforms claimed there was a glitch that allowed users to exploit the system. The scheme involved depositing fraudulent checks in ATMs and withdrawing the money before the check bounced, resulting in a large sum of cash. However, Chase clarified that this is not a glitch, but rather a fraudulent act, and those involved will be responsible for repaying the money withdrawn once the check is returned. While some attempted the scheme, others quickly pointed out the criminal nature of the act. Fake check deposits are a common form of check fraud, where fraudsters create counterfeit checks from seemingly legitimate sources to withdraw funds before checks are reviewed for authenticity. Other scams involve sending checks for larger amounts in the hopes of convincing recipients to deposit the check and transfer excess funds. In the case of the Chase “glitch,” users were essentially committing check fraud against themselves, making it easy for the bank to detect and hold them accountable. TikTok users began mocking those who attempted the scheme, emphasizing that it was not a life hack but a criminal act. Chase Bank addressed the incident and reminded customers that depositing fraudulent checks and withdrawing funds is fraud, plain and simple. Users were cautioned against participating in the scheme and reminded that committing check fraud can have serious legal consequences.

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