Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Walgreens Store Closures: Full List of Locations Shutting Down This Month

    June 4, 2025

    Expert Predicts Summer 2025 Travel Deals: 5 Budget-Friendly Destinations to Book Now

    May 28, 2025

    Walmart Addresses Trump’s Demand to Cover Tariff Costs

    May 25, 2025
    Facebook X (Twitter) Instagram
    Friday, June 6
    X (Twitter) Instagram
    NinepenniesNinepennies
    • Home
    • Featured

      The Highest-Paying Jobs in America—And It’s Not in Finance!

      March 27, 2025

      7 Must-Buy Costco Sale Items Before They’re Gone This February 

      February 10, 2025

      Steel Stocks on the Rise: 3 Winners After Tariff Announcements

      February 4, 2025

      The Best Oil Stocks to Invest $200 in Right Now

      January 28, 2025

      Top 10 Best Jobs of the Year: High Demand, Six-Figure Salaries, and Bright Futures

      January 23, 2025
    • Entrepreneur News

      Walgreens Store Closures: Full List of Locations Shutting Down This Month

      June 4, 2025

      Walmart Addresses Trump’s Demand to Cover Tariff Costs

      May 25, 2025

      Walgreens Expands Use of Prescription-Filling Robots to Reduce Costs and Support Pharmacists During Turnaround

      May 15, 2025

      Hooters Declares Bankruptcy

      April 8, 2025

      Costco to Open 6 New U.S. Stores Next Month and Another in April—See the Locations and Dates

      February 28, 2025
    • Financial Wellness

      Smart and Risky Spots To Store Your Cash, Coins, Crypto, and More

      April 24, 2025

      The Minimum Salary Needed to Be in the Upper-Middle Class in 2025

      March 21, 2025

      Should You Buy, Sell, or Hold Amazon in 2025?

      March 7, 2025

      From Hawaii to West Virginia: The Shocking 77-Year Gap in Retirement Savings Longevity

      February 24, 2025

      Are the 3 Highest-Paying Dividend Stocks in the Dow Jones Worth Buying?

      February 17, 2025
    • Popular Now

      European Markets Climb as Trump Moves to Cut Tariffs on Auto Parts

      May 1, 2025

      Robinhood Expands Trading to Include Bitcoin, Oil, and Gold Futures 

      January 30, 2025

      Powerball Winning Numbers for January 18: Oregon Player Takes Home $328.5 Million Jackpot

      January 21, 2025

      Morgan Stanley Surpasses Estimates With Robust Equities and Fixed Income Trading Revenue

      January 20, 2025

      10-Year Treasury Yield Edges Lower Amid Anticipation of Economic Data, Fed Remarks

      November 21, 2024
    • Wealth

      America’s 10 Wealthiest Self-Made Women, According to Forbes— #1 May Surprise You

      February 5, 2025

      8 Wealthiest Royals in History

      February 4, 2025

      One Powerful ETF That Grew $10,000 to $55,000 in a Decade: Is It Worth Buying in 2025?

      January 28, 2025

      Coinbase CEO Predicts Bitcoin Could Hit Multi-Million Dollar Value

      January 24, 2025

      Dogecoin Surged After Elon Musk’s Appointment: What’s Happening With This Popular Meme Coin?

      November 18, 2024
    NinepenniesNinepennies
    Home » Chase Bank Acknowledges Viral ‘Glitch’ Encouraging Check Fraud Attempts 
    Featured

    Chase Bank Acknowledges Viral ‘Glitch’ Encouraging Check Fraud Attempts 

    DunniBy DunniSeptember 8, 20245 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    User at a Chase Bank ATM
    Source: Simon Speak/LinkedIn
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Bank execs have initiated a sensitization to advise customers against hopping on the Chase bank glitch trend. Chase Bank was quick to admit its services are experiencing a glitch. However, it also helped its customers understand the consequences of trying to be a smart Alec. It is surprising how many desperate folks tried it out after seeing a ‘Chase Bank hacked today’ post on social media. 

    Using an indoor ATM
    Source: LinkedIn News

    The bank was forced to address the Chase bank glitch on all available media after it started trending on X and TikTok last weekend. The trend involved owners of Chase bank accounts depositing false checks at an ATM and withdrawing huge sums of cash immediately after. Of course, the check would bounce, but the customer already has the cash. So, many customers assumed the Chase bank glitch was one to exploit and get away with. Unfortunately for them, that’s not how the system works.

    Chase Bank has publicly stated that it is aware of the check glitch and is working to address it. However, customers who join the trend are simply joining a check fraud scheme. After the crisis is resolved, customers who exploited the glitch would have hefty overdrafts on their accounts. This is why Chase Bank advises customers to avoid the trend.

    The social media trend is parading the technical crisis as a glitch. Meanwhile, Chase Bank has been kind enough that it is an invitation to commit fraud. Complicit users may subsequently be treated as fraudsters. A Chase spokesperson addressed the issue in a statement to NBC News. They said, “Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple.”

    The Chase Bank Glitch Wildfire On TikTok  

    The Chase bank glitch trend became a thing after a video of someone depositing a fraudulent check and withdrawing cash went viral on X. However, followers quickly pointed out that the act was a criminal offense. Before long, the raging fire of Chase Bank glitch TikTok also caught on. 

    Indoor ATM at Chase Bank
    Source: Mike Mozart/Wikimedia Commons

    Not long after the trend gained momentum, some Chase account holders posted screenshots of hefty overdrafts and account restrictions. Apparently, these customers tried hopping on the trend and got told off for it. A TikTok user who understands the implications of hopping on such trends cautioned their followers in a post. They said, “I don’t know what these people think writing bad checks is…a glitch. Definitely don’t do it.”

    ALSO READ: How Fintech’s False Promises of Convenience Led to Thousands of Americans Losing Access to Their Bank Accounts

    What Is the Viral Chase Money Glitch?  

    Anyone who has seen Catch Me If You Can, in which Leonardo DiCaprio played Frank Abagnale, has an idea of check fraud. Fake check deposits are not a new form of fraud and have been around for a while. Interestingly, last week’s Chase Bank money glitch would be the first time some young folks had heard of such fraud. Indeed, some thought it was a money hack. 

    Friends at an ATM
    Source: Kerry Cantley/LinkedIn

    Unfortunately, the Chase bank glitch was far from a free money day. In a now-viral video, @theluncheonlawyer called out folks who ignorantly hopped on the trend. In the video, the TikTok user said, “Chase Bank glitch? No, that’s called fraud.” She then added, “You went to the bank and took $50,000 that didn’t belong to you. That’s not a life hack, that’s called robbery. You’re going to jail. Prison actually.”

    What Are the Common Tricks Used?  

    Banking experts suggest that most banking solutions have loopholes that fraudsters can exploit. For example, fake deposit fraud exploits a feature that allows account holders to draw a portion of their check before it gets cleared by the bank. However, criminal masterminds have come around to cascading their identity when making such deposits.  

    Facade of a bank
    Chase Check Fraud

    Fraudsters often open bank accounts with fake or stolen identities. Next, they create fictitious checks and cash them at ATMs. Eventually, the check bounces, but the bank cannot identify the culprits. Another trick fraudsters adopt is to send a check larger than what they owe to a receiver, feigning an error. The idea is to have the receiver transfer the excess on the check but eventually bounce it. 

    ALSO READ: US Officials Raise Alarm Over Fraudulent SNAP Transactions

    How Does Chase Handle Check Fraud? 

    On its website, Chase Bank explains that it processes all checks based on information provided by the customer. Chase Bank always runs check deposits through a series of internal authentications before approving them. However, some fraudsters still manage to rig the system, as in the Chase Bank glitch in 2022. 

    In extreme cases, Chase Bank has a standard policy of referring check deposit fraud to appropriate law enforcement agencies.  So, if you happen to hear of another Chase Bank glitch today on TikTok, please beware of attempting it.

    You Might Also Like:

    Verizon Acquires Frontier Communications in $20 Billion Deal to Expand U.S. Fiber Network

    It’s Official: The 500-Mile Electric Car Is Here

    Mortgage Refinance Demand Soars 94% Year-Over-Year as Interest Rates Drop Again

    Robinhood New Feature Enables Brits to Lend Shares for Extra Income, Expanding International Presence

    America’s Top 10 Most Stolen Cars of 2023 — Is Yours on the List?

    chase bank fraud
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleADP Report August Private Payrolls Increase by 99,000, Marking Smallest Gain Since 2021 and Falling Short of Expectations
    Next Article Cooper Union Tuition Restoration for Upcoming Graduating Seniors 

    Related Posts

    Financial Wellness

    Smart and Risky Spots To Store Your Cash, Coins, Crypto, and More

    April 24, 2025
    Editor's Picks

    The Highest-Paying Jobs in America—And It’s Not in Finance!

    March 27, 2025
    Financial Wellness

    The Minimum Salary Needed to Be in the Upper-Middle Class in 2025

    March 21, 2025
    Add A Comment

    Comments are closed.

    Top Posts

    How to Delete Credit Karma Account: Step-by-Step Guide

    October 14, 2024

    Home Depot Penny Items: How To Find Them

    October 17, 2024

    Introducing the 2025 Caterpillar Pickup Truck for the U.S. Market

    September 5, 2024
    Stay In Touch
    • Twitter
    • Instagram
    You Might Like

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    Most Popular

    How to Delete Credit Karma Account: Step-by-Step Guide

    October 14, 2024

    Home Depot Penny Items: How To Find Them

    October 17, 2024

    Introducing the 2025 Caterpillar Pickup Truck for the U.S. Market

    September 5, 2024
    Our Picks

    Walgreens Store Closures: Full List of Locations Shutting Down This Month

    June 4, 2025

    Expert Predicts Summer 2025 Travel Deals: 5 Budget-Friendly Destinations to Book Now

    May 28, 2025

    Walmart Addresses Trump’s Demand to Cover Tariff Costs

    May 25, 2025
    X (Twitter) Instagram
    • Home
    • Editor’s Picks
    • About Us
    • Get In Touch
    • Privacy Policy
    • Terms of Use
    • Editorial Standards
    © 2025 Ninepennies.

    Type above and press Enter to search. Press Esc to cancel.