A 'glitch' at Chase bank is actually a case of fraud, not a system error.
You might have missed out on free money this weekend—well, according to TikTok, at least. Over the past few days, a viral trend suggested that Chase bank's app had a “glitch” allowing users to instantly withdraw funds from deposited checks, even if those checks were fake. Unfortunately, what many saw as a quick cash grab was actually a classic case of fraud amplified by a technical bug.
The so-called “money glitch” first hit social media with wild claims that Chase ATMs were dispensing cash without verifying the deposited check's validity. Enthusiastic TikTok users, drawn by the lure of free money, began depositing large, fraudulent checks and withdrawing the funds almost immediately. Videos of people flaunting their ill-gotten gains quickly flooded social media, with some showing balances ballooning into the tens of thousands. However, it wasn’t long before reality set in.
Chase quickly clarified that what was happening was not a glitch but straightforward fraud. The bank’s spokesperson emphasized that “depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple.” The bank has been reviewing the incidents and is referring cases to law enforcement. As expected, the quick money didn’t last, with many users reporting blocked accounts and negative balances shortly after.
The situation was exacerbated by a technical issue in Chase’s system, which allowed for a temporary window where users could withdraw more than usual before the bank completed its standard verification process. While this bug was quickly addressed, it was the fraud that posed the real risk.
In the aftermath, the impact on those who fell for the “glitch” is becoming clear. Users who engaged in fraudulent activities are likely facing severe consequences, including legal action and financial penalties. The trend underscores the risks of following dubious online advice and attempting to exploit banking systems for quick gains.
In short, the Chase “money glitch” was neither a miraculous hack nor a harmless opportunity—it was a reminder that shortcuts in the financial world are rarely what they seem. If something sounds too good to be true, it probably is. And as many have learned the hard way, there’s no such thing as free money, especially when it comes at the cost of breaking the law.