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Chase ATM's give away free money....

Francisco 2.0

By Francisco 2.0
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Francisco 2.0

Francisco 2.0 32432

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....according to the Mensa folks on TikTok.

 

https://gizmodo.com/idiots-who-tried-tiktoks-viral-free-money-glitch-at-atms-are-getting-reported-for-fraud-2000495838

 

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Last weekend, TikTok videos went viral that purported to show how to receive free money from Chase Bank ATMs across the country. The technique involved depositing a check for a large amount of money the user didn’t actually have and withdrawing a smaller but substantial amount before anything officially cleared. In reality, the “glitch” was better known as fraud. And now, JP Morgan Chase has confirmed the bank is reporting the people who committed the crimes to authorities.

 

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“As with any fraud-related issue, we review internally and refer to law enforcement as appropriate,” a Chase spokesperson told the Wall Street Journalon Friday. “Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple.”

It’s not entirely clear how many people may have tried this scheme, but the Journal describes it as “thousands.” The viral meme got so popular that tens of millions of people have watched TikTok videos about the “glitch” at this point, according to the Journal.

 

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One popular video on TikTok features a woman on the phone trying to explain to her mother that they’re letting people get between $40,000 and $50,000 for nothing with this infinite money “glitch.” The mother is rightly skeptical and says she doesn’t want her bank account closed, while her daughter insists her account won’t be closed since it’s just a glitch.

Some videos on TikTok even showed people throwing money they’d ostensibly gotten through this method into the air in celebration. But Chase told the Journal they’ve frozen some accounts who tried it, though, again, the exact numbers haven’t been disclosed. And the bank is giving “surveillance footage and other information related to individuals” to police.

 

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While there were far too many people who believed that this was a “glitch” that wouldn’t get them into any trouble, the tide has certainly turned at this point, with most new videos about the ATM scam ridiculing people who thought it was just a loophole rather than check fraud.

“Only TikTok would transform grand larceny into a ‘life hack’ and rename check fraud as ‘a glitch,'” one user on X wrote after the videos had started to go viral.

The U.S. Postal Inspection Service also tweeted “unlimited money glitch” with a monocle inspection emoji earlier this week, expressing skepticism.

“Don’t believe the TikTok trend, check fraud is a serious crime. You will be prosecuted. If it sounds too good to be true…” the account continued.

 

 

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Bevo

Bevo 13633

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6 minutes ago, 956 Worldwide said:

Free money hack: Hand a bank teller a note that says you have a gun. 

 

But are they going to throw 10,000 people in jail? Shit, I can't even get APD to do come out and stop an active crime.

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Surly Bevo

Surly Bevo 25501

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I mean yea dumbshits, fraud and all that but WTF Chase.  Why would you ever let funds deposited at an ATM be immediately available for withdrawal....at least in any quantity that exceeded the balance of the account they were being deposited into?

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RDCanecutter

RDCanecutter 26550

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9 minutes ago, NeverMarryAStripper said:

It’s hard to believe that anyone who watches TikTok videos even has checks

I'll do art shows where the local municipality asks for their sales tax cut inside an envelope. I generally pay mine by check. My 20-something-year-old friends probably don't own any checks, so oddly enough they will stuff the envelope with not only cash, but enough coins to turn the thing into a prison bludgeon. I wonder where they even get coins, and do they sit there figuring out what each one is worth?

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AnTiM

AnTiM 1678

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9 hours ago, Surly Bevo said:

I mean yea dumbshits, fraud and all that but WTF Chase.  Why would you ever let funds deposited at an ATM be immediately available for withdrawal....at least in any quantity that exceeded the balance of the account they were being deposited into?

Sounds like the same morons who crashed a multimillion dollar mission into Mars because they forgot there was a difference between imperial and metric distances.

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Fondren & Main

Fondren & Main 6759

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9 hours ago, Etexhorn13 said:

I have no clue how Charlie Strong had the mental capacity to have such a prescient thought, but goddamn he was right about social media being the downfall of society. 

Etexhorn13, when you look at the blind squirrel it’s just all about the tradition of finding the acorn.

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AUS-97HORN

AUS-97HORN 11874

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9 hours ago, RDCanecutter said:

and do they sit there figuring out what each one is worth?

I know comedians make fun of this move all the time... but that time where your only actual change is a single quarter and 3 pennies in your car when you  have to pay cash for your midnight  Whataburger run and it comes out to $13.17 

and you give the cashier one $10, one $5, 1 quarter and two pennies...........

 

...................

 

............................

 

.....................................

 

 

and the cashier is just absolutely gobsmacked... trying to figure out why the fuck you just paid 15.27 on a 13.17 bill.....

 

and you are like... yep 2.10 back. 

 

and the cashier is still completely lost looking at the 2 bills and 3 coins you gave them

 

and finally rings its up  gives you back ONE single.... and then just dumps waaaay too many coins in your hand... and you are like wtf... and see that you now have 4 quarters, a nickle, and 5 pennies.

 

like I have zero fucking clue how the fuck that idiots brain worked.

and yeah thats stupid.... but heres the thing.. as dumb as that cashier was trying to grasp what i was trying to do.... they are still soooo much smarter than these idiots who keep trying to get themselves tik tok famous

 

 

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Samson's Wig

Samson's Wig 3195

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Are we getting dumber as a society, or is the stupidity just more apparent than it used to be?

Sometimes, I talk to older folks and think, "Thank God kids are better educated these days."  And then I read stories like this one and think, "Fuck, kids are dumber than a steaming pile of shit with a homeschool education from evangelical parents."

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956 Worldwide

956 Worldwide 34909

Posted
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26 minutes ago, Samson's Wig said:

Are we getting dumber as a society, or is the stupidity just more apparent than it used to be?

Sometimes, I talk to older folks and think, "Thank God kids are better educated these days."  And then I read stories like this one and think, "Fuck, kids are dumber than a steaming pile of shit with a homeschool education from evangelical parents."

In the past, idiots who independently invented check kiting could only tell their big brain schemes to their immediate social circle. 

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aggie08

aggie08 21578

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19 minutes ago, Braff Zacklin said:

In 500 years, yes. The distant ancestors of the great Hormel Chavez haven't even been born yet.

Don't sell us short. We're making way better progress towards idiocracy than we were in 2006.

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Braff Zacklin

Braff Zacklin 13672

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2 minutes ago, 956 Worldwide said:

Technically the distant ancestors of everyone who will ever exist have already been born. 

Your ancestors from 200 years ago would certainly be considered distant by most, and since 500 is substantially more than 200, your forced attempt at semantical pedantry has been rejected.

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RDCanecutter

RDCanecutter 26550

Posted
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5 hours ago, AUS-97HORN said:

I know comedians make fun of this move all the time... 

Reminds me of when I was the butt of generational humor-- some old(er) guys in the Smokies speculated that I knew nothing about churning butter. In fact I did not, yet remained psychologically unwounded.

I am bewildered by ute's inability to pick up a coin until I remember that it's been the 90s since I grabbed a few quarters before I'd walk out the door. The hell am I gonna buy with 50 cents these days? When they first created US coinage, a cent was worth about a damn dollar now. It'll all either go away at some point, like snuff boxes and boot knives, or else get changed to something useful, like Euro coins or those big 50 Peso coins you could sling like throwing stars.

We must all help each other. For example, once my very young Javascript instructor needed to mail a physical letter, and had no idea how to do it. The rest of the class got quiet. Finally, up stepped the Grey Wolf, me, and I walked him through it patiently, like he did with my fumbling programs. Circle of life.

 

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Deej

Deej 77161

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I have a friend who says she has had to stop writing in cursive in cards she sends to nieces and nephews because she gets complaints that they can't read them. 

Almost all the 20-somethings in our office can't read an analog clock. 

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Captainant

Captainant 27970

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5 hours ago, Deej said:

I have a friend who says she has had to stop writing in cursive in cards she sends to nieces and nephews because she gets complaints that they can't read them. 

In fairness, cursive is bullshit and most people's curly swirly bullshit is unreadable

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markstanco

markstanco 12652

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I'm guessing that 50% of all adults couldn't point towards the north without digital assistance.

I think you are being generous. I’ve personally always had a knack where north is, even without the sun. I guess I subconsciously keep up with it.
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52-80

52-80 19277

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On 9/7/2024 at 7:32 PM, Samson's Wig said:

Are we getting dumber as a society, or is the stupidity just more apparent than it used to be?

Think of how stupid the typical surlyhorn poster is. And that they represent a mid-aged graduate of a flagship university.

Then think of how much smarter they are than the average person from the general population. And consider how dumb the bottom half of that distribution is.

 

In a way, if not this, these people would do something else equally dumb sooner or later. Good to identify them now.

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Nice Guy Eddie

Nice Guy Eddie 13539

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https://www.cnbc.com/2024/10/28/jpmorgan-suing-customers-over-infinite-money-glitch.html

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A Houston case involves a man who owes JPMorgan $290,939.47 after an unidentified accomplice deposited a counterfeit $335,000 check at an ATM, according to the bank.

What's the Surly handle of the person driving a new Lambo back in August?

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SimonBolivar

SimonBolivar 10961

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On 9/7/2024 at 10:30 AM, Nice Guy Eddie said:

Not to defend banks but they get grief from regulators for not quickly releasing funds when checks are deposited or ACHs received.

That's what I spend 30% of my day doing. Along with explaining to olds that they're getting scammed.

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