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Complete Story
09/04/2024
Trend of people stealing money from Chase ATMs was just plain check fraud
ABC 7 Eyewitness News
NEW YORK -- A number of viral TikTok videos had some people believing they could get "free" cash from Chase ATMs. But it was just a glitch - and those customers were actually committing fraud, according to the bank.
Over the weekend, videos appeared on the app showing people depositing checks for large sums of money at Chase ATMs and then making a withdrawal for a smaller yet substantial amount, leading them to believe they had discovered a bug and were hitting the jackpot.
The problem is that this is just a form of check fraud, a criminal offense. Chase said in a statement to CNN that the issue has "been addressed" and warned people not to try it.
The ruse centers on a banking standard that enables check depositors to have access to a portion of their money before the full total of the check clears. In the case of the viral videos, participants wrote checks for obscene amounts of money and then withdrew as much as they could before the check could bounce.
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