TikTok trend encourages check fraud at Chase ATMs
(CNN) – A viral TikTok trend is encouraging people to commit what amounts to check fraud, and it’s all on video.
Videos posted to the app show people getting so-called “free” cash from Chase ATMs by depositing checks made out to themselves for large sums of money.
They then withdraw as much as they can without exceeding that sum, leading them to believe they had tricked the system.
Chase says the glitch is actually a form of criminal check fraud.
It centers on a common banking practice that allows check depositors to have access to a portion of their total funds before the check actually clears.
The bank says the issue has been addressed and warns people not to try it.
Experts say when it comes to bank glitches, it’s not your money, and when the bank figures it out, they’ll want it back.