A recent trend on TikTok has caused quite a stir, with users attempting to exploit what they believed was a “glitch” in Chase Bank’s ATM system, promising “infinite free money.” However, what many initially thought was an easy way to cash in turned out to be nothing more than check fraud, one of the oldest tricks in the book, leading to severe consequences for those involved.

The so-called “glitch” gained traction after social media users began sharing videos encouraging others to deposit fake checks for large sums of money at Chase ATMs. The alleged glitch allowed some customers to access funds from these fraudulent deposits before the checks had cleared, making it appear as though they had successfully withdrawn money they didn’t actually have.

This technical anomaly at Chase Bank sparked widespread attention online, with users across TikTok and other platforms sharing their experiences. According to reports, the issue allowed customers to withdraw large sums without sufficient funds in their accounts. Normally, banks require several days to authenticate checks and loans before disbursing funds, but the glitch seemed to bypass these safeguards, giving users premature access to cash.

As the trend went viral, social media was flooded with posts and videos of people boasting about their supposed windfall. One particularly popular video, which garnered over a million views, showed a person explaining how they managed to withdraw cash from a Chase ATM after quickly securing a large loan. Others posted videos of themselves celebrating outside Chase branches, throwing cash into the air, or showing off their Chase cards with glee.

However, the celebration was short-lived. As news of the glitch spread, Chase Bank swiftly moved to fix the issue. Those who had attempted to take advantage of the situation soon found themselves facing serious repercussions. Many reported that their accounts had been frozen or hit with massive negative balances, with one user claiming to owe nearly $40,000. In some cases, Chase placed seven-day holds on accounts, preventing access to any funds.

Online reactions were swift and harsh, with many users pointing out that the so-called “glitch” was simply check fraud and warning of potential legal consequences. Experts also chimed in, emphasizing the risks involved in such actions. Financial educator Jim Wang explained that those who participated in this trend could face significant trouble, as Chase quickly identified and rectified the issue. “In the case of this ‘glitch,’ it was just check fraud. You’re going to get in huge trouble if you do something like this,” Wang warned.

Wang also reminded customers that any unexpected funds appearing in their account due to a bank error do not belong to them. Spending that money can lead to serious financial and legal consequences, as customers will be required to repay it. “Just because money appears in your account, doesn’t mean it’s literally yours,” he stated.

@bestwallethacks The Chase "infinite money glitch" is a viral video that went around showing a way to trick Chase ATMs into giving money that wasn't yours. It involved check fraud and I won't repeat how the "glitch" worked because it's illegal and has been fixed. If you ever get mysterious money deposited into your account as a result of a bank error, tell the bank immediately. It's not your money and when they figure it out, they will want it back. Do not spend it, do not move it, just leave it along and tell the bank. Just because it's in your account doesn't make it yours. And don’t believe everything you see on social media. #fraud

Advertisement

#chase #scam ♬ original sound – Jim Wang

Austen Allred, CEO of Bloom Institute of Technology, also took to social media to debunk the trend, clarifying that the so-called “Chase unlimited money glitch” was simply people committing check fraud. “Writing yourself a giant check, mobile depositing that check, going to an ATM to withdraw cash before the check cleared…Literally just committing check fraud,” Allred wrote.

As Chase continues to address the issue, the incident serves as a stark reminder of the dangers of trying to exploit perceived loopholes in banking systems. The viral trend, initially seen as a golden opportunity by some, has turned into a cautionary tale of the severe consequences that can result from engaging in fraudulent activities.

• Also read: Kenneth Petty Faces Backlash for Using Gay Slur on Live Stream During Nicki Minaj’s Broadcast