Customers who allegedly withdrew money fraudulently from Chase Bank ATMs using an illegal scheme that blew up on TikTok over the summer could soon have to cut hefty checks back to the bank.
These people were able to withdraw funds by writing checks to themselves and immediately withdrawing funds before the checks bounced. Normally, the bank follows the industry standard of making a portion of any check available to customers before the funds clear. However, a temporary glitch allowed customers to withdraw more substantial amounts than typically allowed before a check clears.
Now the bank is suing four customers who allegedly owe the bank nearly $662,000
Now, in addition to returning the funds they allegedly accessed illegally, Chase is demanding the defendants cover the bank’s legal fees and other expenses related to the cases.
No one at Chase:
Me: Why the fuck is your maximum deposit for a check in excess of 300,000 dollars? Do people routinely decide to deposit such an instrument at an ATM?
For private client or business accounts maybe, but it’s mind boggling that they allow that amount for standard accounts via an ATM. My business account maxes out at $15k for ATM/mobile deposit, anything over that I have to go inside.
I was told of someone moving to the US who was informed: “Most everything is modernized, but expect the banking to be sub-third world.”
The more I’ve learned about Fintech in other countries, I have no pitty for a system scraping every penny and not advancing.
The secret ingredient was crime.
did they really think that a bank – a representative of an industry reknowned for excessively charging for services that should be free – would let them get away with it?
that’s like a lion returning every night to shit in the shikari’s shoes and hoping not to get shot.
Yeah, I saw this when it happened and gosh, so surprising.
Hey, there’s a TikTok viral trend on this amazing new way to get money: steal the money. Banks hate this one trick! (It’s fraud. The trick is just plain criminal fraud.)
Fraud with a very clear paper trail! They’re literally signing their name to it lol.
Turns out life isn’t an MMO, and “infinite money glitches” aren’t a real thing.
Play stupid games, win stupid prizes
lol obviously they deserve it for the obvious check fraud.
But it would be fun to see them try to sue TikTok for the shits and giggles.
I’d eat popcorn to that.
Y’all could have gotten away with it if you were just rich to begin with
