Court filings or credible news sources

Chase Bank Glitch Leads to $40,000 Debt and Account Holds

Aug 31, 2024, 08:46 PM

A glitch in Chase Bank's systems has reportedly allowed individuals to withdraw funds they do not possess, leading to widespread misuse. As a result, Chase Bank has implemented a seven-day hold on accounts, causing significant negative balances for those involved. Some individuals have reported substantial debts, with one man claiming to be $40,000 in debt due to the glitch. The issue has led to a surge of people attempting to exploit the system by depositing fake checks and withdrawing money.