Chase Bank Warns of TikTok Check Fraud Trend

A viral TikTok trend claiming to exploit a supposed 'glitch' at Chase Bank to obtain free cash has led to widespread misinformation about check fraud. Participants have been depositing fake checks made out to themselves and withdrawing cash before the checks clear, believing they could benefit without repercussions. Chase Bank has firmly stated that this practice is fraudulent, clarifying that it is not a glitch but a violation of banking laws. Those caught engaging in this activity could face significant financial losses and potential jail time, as the bank is addressing the issue and monitoring accounts for fraudulent transactions. Financial experts have condemned the trend, warning users that such schemes are old and illegal, not shortcuts to wealth. The bank's message emphasizes that depositing fraudulent checks and withdrawing funds is straightforward check fraud, which is punishable under law.