(CNN) – A number of viral TikTok videos had some people believing they could get “free” cash from Chase ATMs. But it was just a glitch – and those customers were actually committing fraud, according to the bank.Over the weekend, videos appeared on the app showing people depositing checks for large sums of money at Chase ATMs and then making a withdrawal for a smaller yet substantial amount, leading them to believe they had discovered a bug and were hitting the jackpot.Related Stories
The problem is that this is just a form of check fraud, a criminal offense. Chase said in a statement to CNN that the issue has “been addressed” and warned people not to try it.JPMorgan, the bank’s parent company, is carefully reviewing the situation, a person familiar with the matter told CNN. The bank is still determining how many Chase customers and how much money was involved in the incident, the source said.Chase representatives would not comment on whether regulators are investigating. The Federal Reserve declined to comment, and a spokesperson for the Office of the Comptroller of the Currency said the agency does not comment on specific banks or supervisory activities.The ruse centers on a banking...
0 Comments