A ‘glitch’ at Chase bank’s ATMs which allowed customers to withdraw money from their account after depositing fake checks for large sums has seen a wave of people flaunt their cash online.
It appears some Chase customers wrote checks with outlandish amounts and deposited them to get tens of thousands of dollars that weren’t theirs, which had some calling it an ‘infinite money hack.’
But experts say this isn’t a harmless life hack but rather a case classic check fraud, which is punishable by fines and jail time in serious cases.
Social media users who ‘tried’ the hack reported seeing the money initially reflected in their account balance or were able to get cash from ATMs before their fake checks cleared.
However Chase, one of the oldest banks in the country, was quick to crack down, leading to many customers posting update videos where they’re devastated over huge negative balances in their accounts.
‘We are aware of this incident, and it has been addressed. Regardless of what you…