Chase Bank is issuing a strong warning after a viral TikTok trend led to widespread incidents of check fraud. Over the weekend, users on the popular social media platform shared videos showing themselves depositing fake checks for large amounts of money and then quickly withdrawing the funds before the fraudulent nature of the checks was discovered.
The trend, which falsely claimed to exploit a supposed “glitch” in Chase Bank’s system, led many participants to believe they could pocket the money without facing consequences. However, those who followed the trend soon found themselves with large negative balances in their accounts, as the bank flagged the fraudulent deposits and reversed the withdrawals.
In a statement, Chase Bank confirmed that the situation has been addressed, reiterating that there is no “glitch” and condemning the fraudulent activity. “Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple,” the statement read. The bank emphasized that such actions are illegal and can result in severe consequences, including criminal charges and permanent account closures.
The viral videos, which have since been taken down by TikTok, showed users demonstrating how to deposit checks through the bank’s mobile app and withdraw the funds before the system could verify the legitimacy of the deposits. Some users claimed they could withdraw thousands of dollars instantly, misleading others into attempting the same. Chase Bank has urged customers to avoid falling for such scams and to report suspicious activity immediately.
As the trend gained attention, several TikTok users who participated began sharing their negative experiences, warning others of the consequences. “I thought it was real, but now my account is overdrawn by thousands,” one user posted, expressing regret for engaging in the scheme.
Chase Bank is working with authorities to investigate the situation and plans to take legal action against those involved in perpetrating the fraud. The bank also emphasized that its systems are secure and that any fraudulent activity will be swiftly detected and reversed.
Financial institutions and legal experts are cautioning against following financial advice or trends seen on social media without verifying their legitimacy. Check fraud is a serious crime, and participating in such schemes can have long-term legal and financial repercussions.
