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Last weekend, TikTok videos went viral that purported to show how to receive free money from Chase Bank ATMs across the country. The technique involved depositing a check for a large amount of money the user didn\u2019t actually have and withdrawing a smaller but substantial amount before anything officially cleared. In reality, the \u201cglitch\u201d was better known as fraud. And now, JP Morgan Chase has confirmed the bank is reporting the people who committed the crimes to authorities.<\/p>\n
\u201cAs with any fraud-related issue, we review internally and refer to law enforcement as appropriate,\u201d a Chase spokesperson told the Wall Street Journal<\/a> on Friday. \u201cRegardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple.\u201d<\/p>\n It\u2019s not entirely clear how many people may have tried this scheme, but the Journal describes it as \u201cthousands.\u201d The viral meme got so popular that tens of millions of people have watched TikTok videos about the \u201cglitch\u201d at this point, according to the Journal.<\/p>\n One popular video<\/a> on TikTok features a woman on the phone trying to explain to her mother that they\u2019re letting people get between $40,000 and $50,000 for nothing with this infinite money \u201cglitch.\u201d The mother is rightly skeptical and says she doesn\u2019t want her bank account closed, while her daughter insists her account won\u2019t be closed since it\u2019s just a glitch.<\/p>\n Some videos on TikTok even showed people throwing money they\u2019d ostensibly gotten through this method into the air in celebration. But Chase told the Journal they\u2019ve frozen some accounts who tried it, though, again, the exact numbers haven\u2019t been disclosed. And the bank is giving \u201csurveillance footage and other information related to individuals\u201d to police.<\/p>\n While there were far too many people who believed that this was a \u201cglitch\u201d that wouldn\u2019t get them into any trouble, the tide has certainly turned at this point, with most new videos about the ATM scam ridiculing people who thought it was just a loophole rather than check fraud.<\/p>\n \u201cOnly TikTok would transform grand larceny into a \u2018life hack\u2019 and rename check fraud as \u2018a glitch,’\u201d one user on X wrote<\/a> after the videos had started to go viral. The U.S. Postal Inspection Service also tweeted<\/a> \u201cunlimited money glitch\u201d with a monocle inspection emoji earlier this week, expressing skepticism. \u201cDon\u2019t believe the TikTok trend, check fraud is a serious crime. You will be prosecuted. If it sounds too good to be true\u2026\u201d the account continued.<\/span><\/p>\n “unlimited money glitch” \ud83e\uddd0<\/p>\n Don\u2019t believe the TikTok trend, check fraud is a serious crime. You will be prosecuted. If it sounds too good to be true\u2026<\/p>\n \u2014 US Postal Inspection Service \u2013 Headquarters (@USPISpressroom) September 3, 2024<\/a><\/p>\n<\/blockquote>\n \u00a0<\/span><\/p>\n<\/p><\/div>\n
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