Chase Bank Glitch: How To Get "Infinite Money" (DON'T DO THIS)

Summary

The video discusses a viral 'infinite money glitch' involving Chase Bank, where individuals exploited a system flaw to withdraw thousands of dollars illegally. The script explains the mechanics of checking accounts and how checks are processed, highlighting the risks and legal consequences of such actions. It also touches on the broader implications for banking security and the importance of personal data protection, sponsored by Incognito, a service that helps remove personal information from data brokers.

Takeaways

• 🚨 The 'Chase Bank infinite money glitch' is a dangerous and illegal exploit that has gone viral on social media, with people attempting to withdraw funds from fake checks.
• ⏰ Banks typically make funds available after 1-5 business days to verify the validity of a check, creating a window where funds may appear available but are not yet confirmed.
• 📉 The glitch was exploited by writing fake checks to oneself and immediately withdrawing the funds, which is a form of check fraud.
• 📢 The exploit was widely shared on platforms like Twitter and TikTok, leading to widespread attempts to take advantage of the glitch.
• 🏦 Chase Bank has addressed the issue, stating that depositing fraudulent checks and withdrawing funds is plain fraud, and they are taking steps to recover the funds.
• 💸 Users who exploited the glitch now face massive negative balances and are responsible for repaying the bank.
• 🚫 Legal consequences for such actions can be severe, including imprisonment and hefty fines.
• 🔒 Banks use transaction history to set limits and manage risk, which is why new or low-balance accounts may have stricter controls on deposits.
• 💡 The video serves as a cautionary tale against seeking 'free money' through illegal means, emphasizing the importance of understanding the potential repercussions.
• 🛡️ The sponsor, Incog, is highlighted for helping individuals protect their personal data, which is a separate but relevant issue given the prevalence of data breaches and fraud.

Q & A

What is the Chase Bank infinite money glitch?

The Chase Bank infinite money glitch was a situation where individuals could write fake checks to themselves, deposit them into their Chase Bank accounts, and immediately access the full amount without the bank verifying the check's validity.

How did the glitch become viral?

The glitch went viral after being posted on TikTok, leading to numerous people attempting to exploit it, resulting in widespread media coverage and even the bank's attention.

Is exploiting the glitch legal?

No, exploiting the glitch is illegal as it constitutes check fraud, which is a felony with severe consequences.

What are the potential consequences of exploiting the glitch?

The potential consequences include being required to pay back the fraudulently obtained money, account lockouts, negative balances, legal actions, and possibly criminal charges.

How does the bank typically handle checks?

Banks usually make funds available within 1 to 5 business days after a check is deposited, giving them time to verify the check's validity before allowing the money to be freely used.

Why did Chase Bank make funds available immediately in this case?

It is unclear why Chase Bank made funds available immediately for the fake checks, but it was likely a system error or glitch that has since been fixed.

What measures is Chase Bank taking to address the situation?

Chase Bank has fixed the bug, is reportedly reviewing transactions to retrieve their money, and may take legal actions against those who exploited the glitch.

How does this glitch compare to other financial exploits, like the Cash App glitch?

While both involve unauthorized access to funds, the Cash App glitch allowed users to add unlimited funds to their balance for online payments, whereas the Chase glitch involved writing fake checks and directly withdrawing cash.

What role does transaction history play in bank limits?

Transaction history helps banks assess a customer's trustworthiness and financial stability, influencing decisions on limits for check deposits and other transactions.

What is the sponsor mentioned in the script, and what do they offer?

The sponsor is 'enog', which offers a service to help individuals request data brokers to remove their personal information, providing a sense of security against data misuse.

What advice does the script provide regarding the pursuit of 'free money'?

The script strongly advises against seeking 'free money' through illegal means, emphasizing that there are no shortcuts and that banks will always recover their funds.