Chase Bank Money Glitch: TikTok Trend or Bank Fraud?

Chase Bank Money Glitch: A Dangerous Trend

The Chase Bank money glitch, a viral phenomenon on TikTok, claims to promise unlimited cash through dubious practices. In essence, individuals were encouraged to write bad checks to themselves, leading to a quick ATM withdrawal before banks caught on.

Fraudulent Scheme Explained

• Participants write bad checks to exploit their own accounts.
• This practice mirrors cheque kiting, a well-known form of fraud.
• Bank fraud dressed up as a 'glitch' lures in unsuspecting individuals.

Chase Bank's Response

Chase Bank has publicly addressed the issue, stating, “Depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple.”

Understanding the Risks

As financial pressures mount, schemes like this become appealing, however, this trend can lead to severe legal repercussions.