Chase Bank is issuing a warning to customers after a spate of viral videos on TikTok showed people taking advantage of what was described as a “glitch” in the bank’s ATM system.
The videos, which popped up on social media over the weekend, showed Chase ATM customers depositing fraudulent checks for sizable amounts of money into their bank accounts — only to turn around and quickly withdraw smaller amounts before the checks can bounce.
Many Chase customers who allegedly participated in the trend posted videos of themselves flaunting large wads of cash afterward. Some blatantly bragged about how they got the money by outfoxing the bank’s system.
The problem? Chase is now explaining to its customers that the viral trend is actually a form of check fraud. In other words, it’s a criminal offense.
“We are aware of this incident, and it has been addressed,” a spokesperson for Chase told NBC News in a statement. “Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple.”
The viral trend appears to have started on Aug. 29 after a Chase customer posted an image on X showing his or her bank account balance as it appeared on an ATM screen.
The image suggested that the customer deposited a fraudulent check for more than $80,000. “This run been personal,” the person captioned the photo,
On Aug. 31, another X user posted a video showing what he alleged were Chase customers lining up to use an ATM at one of the bank’s New York locations “to do the new viral glitch to get free money.”
But others on social media were not so gullible, with many urging people to not be swept up in the trend.
Some pointed out that anyone taking advantage of the temporary access to cash would be forced to pay it back and possibly convicted of a crime.
“Chase bank has your date of birth, security card number, address,” one TikTok user said, noting how easy it would be for the bank to find the fraudsters, who had essentially committed check fraud against themselves.
TikTok user Sara Grace Young, who identified herself as a former bank teller, warned, “I don’t know what these people think writing bad checks is, but I don’t know why they thought this was a glitch.”
“There’s no such thing as free money,” added Young.
This article was originally published on TODAY.com
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