A recent viral “glitch” at Chase Bank allegedly allowed customers to withdraw large sums of money from their accounts despite not having the actual funds.
While some initially saw this as a quick way to get cash, many are now facing serious consequences, such as large negative balances and account holds.
The so-called glitch occurred when people deposited fake checks or applied for large loans at Chase Bank ATMs.
Typically, banks require several days to verify checks before making funds available.
However, due to this glitch, funds from these checks became available almost immediately, allowing people to withdraw the money before the checks were flagged as fraudulent.
Chase Bank quickly identified the exploit. Those who attempted to exploit the flaw are now facing seven-day holds on their accounts or, worse, significant negative balances totaling tens of thousands of dollars.
People have reported being suddenly in debt on social media sites like Reddit and X (formerly Twitter), with some claiming to owe up to $40,000 as a result of this glitch.
This incident has been linked to similar cases involving other financial platforms.
Similar exploits have previously been reported for services such as Cash App and DoorDash.
Users could send large sums of money or place orders without having enough funds to cover them.
Eventually, these companies reversed the transactions, leaving users with unexpected debt.
One post on X even showed people lining up at ATMs, presumably to take advantage of the glitch.
The video quickly went viral, generating more interest and speculation.
Many commenters emphasized the risks involved, warning that such actions could have serious legal and financial consequences.
The situation has sparked a flurry of online discussions, with many users warning that those who took advantage of the glitch could face serious legal consequences, including jail time.
Chase Bank, like all major financial institutions, employs advanced tracking systems, such as ATM cameras and PIN entry records.
Those who exploited the flaw left digital and physical traces, making it easier for the bank to identify them and take legal action.