Official announcements from Chase Bank

Chase Money Glitch Leaves Users $40,000 in Debt, 7-Day Holds Imposed

Sep 1, 2024, 03:57 AM

A viral trend known as the 'Chase money glitch' has led to significant financial troubles for individuals attempting to exploit a flaw in Chase Bank's systems. The glitch involved depositing fake checks and withdrawing cash before the checks were verified, resulting in substantial negative balances for those involved. Chase Bank has responded by placing 7-day holds on affected accounts. Many participants, believing they could withdraw money they didn't have, now face debts as high as $40,000. This trend, popularized on social media platforms like TikTok, is essentially check fraud, and those involved may face legal consequences.