Committing bank fraud is almost always a bad idea. Let’s hear from people who have actually done it.
Now, as talk of the Chase glitch spreads online, TikTok user Salty Stella (@salty.sella) is warning that the tactic could have serious consequences.
Spoiler alert: she says it’s not a glitch, it’s a scam.
Bank “glitch” or fraud?
Thirteen years ago, when Stella needed money, she wrote herself a check from her Bank of America checking account. She deposited it in her checking account and was able to use the automatic withdrawal machine to get the amount in cash. “Then I realized, ‘What?’ And I did it the next day, maybe three to five days later, and it totaled $9,000,” she says.
“So you want to know what happened next? Thirteen years later, I still don’t have a bank account… No bank in the country will open an account for me,” Stella continues.
The scenario is eerily similar to a Chase ATM “glitch” that recently made headlines on social media: In a series of posts that went viral on TikTok, Chase customers shared that they noticed a temporary issue with the bank’s hold policy that allowed them to deposit checks into their accounts and quickly withdraw portions of them before the financial institution realized the initial checks had bounced.
Reports say USA TodayBut those who take advantage of the “glitch” have certainly run into trouble: while some have celebrated their ill-gotten gains, “other videos show the aftermath of the glitch, with one user revealing a negative balance in his Chase account after attempting the hack,” the article states.
What are your viewers saying?
Stella’s warning video has garnered more than 51,000 likes and 659,000 views, with people in the comments section sharing their own stories or those of people they know who have fallen victim to bank fraud.
“In my case, after 7 years all my accounts were wiped out. After that I was able to open an account with any bank I wanted. But it didn’t even take 7 years lol,” one user wrote.
“20 years ago I borrowed $500 from Bangor Savings Bank when my car broke down and I was stranded in another state. I’ve been blacklisted from that bank branch but thankfully I’m not blacklisted from anywhere,” shared another.
“My mother posts dating Float Check“I don’t think she lives in America anymore,” another user recalled.
Some other comments are less sympathetic and warn of the consequences of committing bank fraud.
“People don’t understand the implications and seriousness of not being able to have a bank account. Buying a house is going to be extremely difficult, if not impossible…” wrote another.
Are there really people still plotting fraud?
Apparently, that’s the case. There are tons of people on TikTok who say they’ve tried this plan and it didn’t work. For example: people A friend of his told him it was a business opportunity.
Or this other people He recorded himself in the back of a police car saying he was arrested for a malfunction. people After the bank realized it was a scam, a charge of minus $30,000 appeared in their bank account. But there’s no way to tell if these videos are real or just people having fun online.
This is an old scam that seems to be gaining popularity now because information about it has been re-circulated on the Internet. All cases of this scheme seem to have ended badly.
What is Chase saying?
Chase is aware of the recent popularity of this scam and has commented on it. statement “Regardless of what you may have seen online, depositing a fraudulent check and withdrawing funds from your account is fraud, plain and simple,” a Chase representative told NBC.
Stella ♬ Original Sound – Solty Stella
The Daily Dot also reached out to Chase Bank for comment, Bank of America via email, and Salty Stella via TikTok message and email.
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