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Chase and PNC have both been launching ATMs that churn out exact change to the dollar, allowing customers to withdraw denominations as low as $1 and $5. Chase has rolled out between 350 and 400 ...
The Chase viral trend got promptly shut down by the bank, but this will not be the last time you hear about a check fraud scheme. Banks reported about 680,000 instances of check fraud in 2022 ...
Now the bank is suing four customers who allegedly owe the bank nearly $662,000, according to four lawsuits JPMorgan Chase Bank, Chase’s parent company, filed Monday in three federal courts.
On Aug. 31, another X user posted a video showing what he alleged were Chase customers lining up to use an ATM at one of the bank's New York locations "to do the new viral glitch to get free money."
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A series of recent viral videos on TikTok and X have made it seem like people were getting "free" cash from Chase Bank ATMs. Chase says viral ‘bank glitch’ trend is actually ‘fraud.’
It is the largest interbank network in United States, with 2 million [1] ATMs, [2] 134 million cardholders and over 5,700 participating financial institutions. The STAR Network began in 1984 and was acquired by First Data Corporation in 2003. [3] The network is owned and operated by STAR Networks, a subsidiary company of First Data.
The Chase Bank trend is just the latest “get rich quick scheme,” a centuries-old concept that has been resuscitated by social media, drawing desperate people into financial crime.