Viral Chase Bank “Unlimited Money Glitch” Leaves Those Who Tried it In the Red

Wow – that is the first word that came to mind when I heard of the latest TikTok viral scheme. This one wasn’t as original as many of the content makers thought – and as Chase showed in how they handled it.

Chase “Unlimited Money Glitch”

Last week, many people on TikTok and across social media took to their channels to make content around what they called the “unlimited money glitch.” Here is what they said to do and how it worked.

Yesterday, a glitch in Chase Bank’s system allowed people to withdraw funds they weren’t entitled to, prompting the bank to place 7-day holds on the affected accounts.

As a consequence, chase account holders who participated in this glitch are now dealing with massive negative… pic.twitter.com/T0M1FULvoW

— Open Source Intel (@Osint613) September 1, 2024

• Write a large check to themselves
• Use the mobile deposit option to put in their account
• Go to an ATM and withdraw the money before the check cleared

People were going so crazy over this that there were people in NYC dancing and throwing handfuls of bills in the air – right outside of the bank they just scammed.

people are currently lined up outside a Chase bank in New York trying to do the new viral glitch to get free money pic.twitter.com/V49JpVu9iq

— ryan (@scubaryan_) August 31, 2024

“Scammed” is the right word because this is not some cool trick but check fraud. And it didn’t take Chase long to make it right. This included locking accounts that tried this or putting big holds on their accounts and rectifying the “hack” – which left many accounts with huge negative balances.

And that is just the beginning. Chase can and will most likely go and cancel many of these accounts and may not stop at that. They could curtail their relationship with those customers across their products and even refer them for prosecution since they were knowingly depositing fake check amounts/or similar.

Is this where we are as a society that people follow the instruction of content creators on social media so much that they commit fraud – thinking they just struck the jackpot? If so, we are probably very close to that thing that our parents used to say when we blamed a friend for an action we took. “If Johnny told you to jump off a bridge, would you do it?” As this story seems to indicate, there are quite a few people that probably would.