TikTok viral videos claim Chase Bank money hack. Company says it’s fraud

TikTok users have been committing bank fraud after exploiting a Chase Bank glitch, according to a Chase spokesperson. Related video above: Are online-only banks legit? Get the factsThe glitch – claiming users can receive so-called free money – went viral on TikTok. Now, many users are having to pay back large sums of money that they took from the bank.The glitch that the users were committing was actually check fraud, according to the bank. Users would deposit fake checks for large amounts of money into Chase Bank ATM’s and were immediately able to withdraw the money from the same ATM before the check cleared.”We are aware of this incident, and it has been addressed. Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple,” a Chase spokesperson told Hearst Television’s national desk. Chase Bank fixed this error that allowed people to cash money before their checks cleared and is now taking back any money people gained during this glitch. It’s unclear how many people or how much money was involved.The TikTok users who attempted to gain money during this period of time are reporting that their bank accounts have been locked and have negative balances for the large amounts of money they took.

TikTok users have been committing bank fraud after exploiting a Chase Bank glitch, according to a Chase spokesperson.

Related video above: Are online-only banks legit? Get the facts

The glitch – claiming users can receive so-called free money – went viral on TikTok. Now, many users are having to pay back large sums of money that they took from the bank.

The glitch that the users were committing was actually check fraud, according to the bank.

Users would deposit fake checks for large amounts of money into Chase Bank ATM’s and were immediately able to withdraw the money from the same ATM before the check cleared.

“We are aware of this incident, and it has been addressed. Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple,” a Chase spokesperson told Hearst Television’s national desk.

PATRICK T. FALLON/AFP via Getty Images

Chase Bank fixed this error that allowed people to cash money before their checks cleared and is now taking back any money people gained during this glitch. It’s unclear how many people or how much money was involved.

The TikTok users who attempted to gain money during this period of time are reporting that their bank accounts have been locked and have negative balances for the large amounts of money they took.

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