Have you heard about the Chase Bank "glitch" trend?

[Smashingdoozy]

Basically people were writing themselves a check for large amounts of money, deposit it using the mobile app and then go to an ATM to withdraw the money before the check can be processed. It was claimed to be "free" money.

Of course it wasn't free money it was simply ✨a crime✨.

It's called kiting. Please don't do this unless you want to be fined 1 million dollars or spend up to 30 years in prison 😀

[Still-alive]

I haven't but i was kicked out of Washington Mutual around 2002-3ish (what chase was before the 2008 crash) for overdrafting wayy below what i actually had in the bank at the time. i knew what that word even meant. But they went under in the crash later so serves em right! true story!

I do all my banking at two credit unions now.

[Still-alive]

before i knew what that word even meant*

[RavVid]

Normally a cheque funds are not available until the cheque is cleared. This should not be possible.

[NathanDavis]

I do refuse to believe they did it for real... lol

[Smashingdoozy]

Unfortunately they did chase bank is making a case against everyone

[Friendlybro79]

I have and it's amazing how stupid people are to try this and sad that people that did this have no care to do something clearly wrong.

[gatixek710]

I noticed something similar among all the people committing bank fraud.

[DermalPunch]

This is a scam as old as ATMs.

[jamesgoldman]

Another win for analog banking

[Wiredone]

No I never heard about it