Shot: TikTok Video On Chase Bank 'Check Glitch' Causes Major Problems (And It's FRAUD)

Posted • September 2, 2024: Remember when people were eating Tide Pods -- the little laundry soap packets -- because it was a TikTok challenge? Yeah, that was a bad idea. This latest TikTok trend is also a bad idea. Oh, and fraud. Yesterday, a glitch in Chase Bank's system allowed people to withdraw funds they weren’t entitled to, prompting the bank to place 7-day holds on the affected accounts. As a consequence, chase account holders who participated in this glitch are now dealing with massive negative balances as well as a seven day hold on their accounts. Don't do this. It will end badly for you. Apparently, this “glitch” is called check fraud. Yep. An apparent "glitch" at Chase Bank that allowed people to withdraw large amounts of money from their accounts without having the funds has gone viral on social media.

According to social media users, some people exploited a system error to withdraw money after depositing fake checks into their accounts or after applying for large loans at Chase Bank ATMs. A spokesperson for Chase Bank told Newsweek that the issue has been rectified, and some are now reporting that their accounts have massive negative balances or have had holds put on them. "We are aware of this incident, and it has been addressed," the spokesperson said. "Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple." According to Google, committing check fraud in Wisconsin (where this writer lives) is a Class A Misdemeanor, punishable by up to nine months in prison and $10,000 in fines. Good luck with the felony fraud charges to all who participated! (…)

• More at: Twitchy - Don't Do This, Folks: TikTok Video on Chase Bank 'Check Glitch' Causes MAJOR Problems (and It's FRAUD)
https://twitchy.com/amy-curtis/2024/09/02/tiktok-vid-on-check-fraud-n2400434
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