If it sounds too good to be true, chances are it is. Opportunists and fraudsters are finding out the hard way that check fraud is no fluke.
People are suffering heavy financial consequences after trying to take advantage of Chase Bank's problem, also known as commit check fraud.
Per The band referencemany are now seeing their bank accounts overdrawn by the thousands after trying to expose the problem that went viral on TikTok by submitting fake checks for large amounts of money and immediately withdrawing the money or seeing money immediately reflected in their accounts because Chase doesn't flag the deposited check or large loan applications.
The financial institution quickly caught on to the “problem” and is now leaving people who thought they found a great receipt, rendering their bank accounts worthless.
If you typed “Chase Bank glitch” into X, formerly Twitter, you'd actually see videos of people running to Chase Bank locations, lined up at ATMs, trying to get their hands on what they thought was “free money.”
You'll also see a lot of people sharing screenshots of their accounts and reacting to being in the red financially.
This isn't the first time an issue similar to the one Chase experienced over the weekend has been exploited, leaving many people stranded. Cash app users they could transfer large sums of money that they did not have.
Doordash users they could order whatever they wanted without being charged. Both companies realized what was going on and people had to pay their big debts.
Let this be a lesson to those looking for a quick buck.
The gallery below shows more reactions to the 'Chase Bank problem', leaving people in financial ruin.