THE VIRAL CHASE BANK GLITCH IS MAKING THE ROUNDS ON SOCIAL MEDIA.
People were able to write checks to themselves and deposit them at ATMs, according to stories shared on Reddit. The glitch allowed people to access the money immediately, letting them withdraw the funds before the bank could identify the error. Typically, you can’t withdraw money until the bank verifies the check is legit, which can take a few days.
This news made its rounds on social media over the weekend, and while people who participated may have enjoyed the extra money over the weekend, the bank quickly caught on and started correcting balances.
“We are aware of this incident, and it has been addressed. Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple,” a Chase spokesperson said.
https://www.cnet.com/personal-finance/banking/advice/the-chase-bank-glitch-wont-make-you-rich-its-illegal/
People were able to write checks to themselves and deposit them at ATMs, according to stories shared on Reddit. The glitch allowed people to access the money immediately, letting them withdraw the funds before the bank could identify the error. Typically, you can’t withdraw money until the bank verifies the check is legit, which can take a few days.
This news made its rounds on social media over the weekend, and while people who participated may have enjoyed the extra money over the weekend, the bank quickly caught on and started correcting balances.
“We are aware of this incident, and it has been addressed. Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple,” a Chase spokesperson said.
https://www.cnet.com/personal-finance/banking/advice/the-chase-bank-glitch-wont-make-you-rich-its-illegal/