Chase Bank ‘Glitch’ Goes Viral: What We Know, Don’t Know

An apparent “glitch” at Chase Bank that allowed people to withdraw large amounts of money from their accounts without having the funds has gone viral on social media.
According to social media users, some people exploited a system error to withdraw money after depositing fake checks into their accounts or after applying for large loans at Chase Bank ATMs.
A spokesperson for Chase Bank told Newsweek that the issue has been rectified, and some are now reporting that their accounts have massive negative balances or have had holds put on them.
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“We are aware of this incident, and it has been addressed,” the spokesperson said. “Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple.”
Banks usually take several days to verify checks before making funds available in customers’ accounts, but the glitch apparently meant money became available quickly, allowing people to withdraw the funds before the checks were identified as fraudulent.
Others were also apparently quickly approved for large loans at ATMS, as one X, formerly Twitter, user said in a video that quickly racked up more than a million views.
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Another viral post on X showed people lined up outside a Chase location in New York, with the user suggesting it was to take advantage of the glitch.
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“People are currently lined up outside a Chase bank in New York trying to do the new viral glitch to get free money,” the user wrote in a post which has amassed more than 9 million views.
Now, some are reporting the severe consequences of trying to take advantage of the fault.
Some showed that they were now in massive debt, with one man reporting that his account showed he owes about $40,000. Other videos showed Chase imposed seven-day holds on affected accounts.
Some people noted that the glitch was actually just check fraud and that those who had filmed and posted themselves doing or attempting it on social media could face serious repercussions.
“The internet is amazing,” one person wrote on X.
“A ‘Chase money glitch’ went viral on TikTok. People are filming themselves attempting it. The glitch? Simple check fraud. Just incredible that folks are filming and posting themselves committing fraud.”
Another person wrote: “Please don’t try the Chase Money Glitch. You are either going to ruin your credit or go to jail. Those are the two outcomes.”
And another wrote: “Kind reminder—the ‘chase money glitch’ is wire fraud, a felony. Jail time, restitution and more. Kind of shocked that Chase screwed up this bad, but it’s still illegal.”
Update 9/2/24, 3 a.m. ET: This article has been updated to add comment from a Chase Bank spokesperson.