Think twice before running to the nearest store Pursuit bank, hoping to profit from a so-called viral ‘glitch’.

What some call a loophole has become a nightmare for many, leaving them with crushing debt and potential legal action. Here’s The deal: This “glitch” involves people depositing bogus checks for large sums of money that aren’t immediately flagged, or applying for huge loans that are temporarily approved. The trick? The money shows up in their accounts, making them think they’ve hit the jackpot. But here’s the shocking twist: Chase quickly catches on.

In a move that has confused potential scammers, Chase has begun imposing seven-day hold periods on some of these suspicious transactions. Worse yet, some people are waking up to find their accounts deeply in the red, with negative balances running into the tens of thousands of dollars.

Similar scams have occurred before, such as the CashApp fiasco in which people managed to transfer money they did not have. There was also the infamous DoorDash glitch that allowed customers to order without paying a cent. In both cases, the charges were reversed and the parties involved were left holding the bag, forced to pay back every cent. This Chase situation appears to be the same scenario.

Despite the chaos, Chase has not officially acknowledged the increase in these fraudulent transactions, which have become a trending topic on social media. As a precaution, bank customers should limit themselves to spending the money they actually have, especially if the scheme sounds too good to be true. Otherwise, they could face negative balances and financial ruin.

Chase Bank outage is really putting some of you in generational debt. I’m crying 😂😂 photo.twitter.com/P60CI4b09V

— Hater Report (@HaterReport_) August 31, 2024

I’m not saying this viral Chase Bank glitch was some giant psyop to trap a large number of the dumbest idiots in one fell swoop in the most hilarious and damaging way possible, but what if it was? photo.twitter.com/3R6nWAuF5d

— Pelbo (@PelboPelboPelbo) September 1, 2024

For those who don’t know what’s going on

A scam or glitch is being reported where individuals are allegedly depositing bogus checks or exploiting some form of glitch in Chase’s system to multiply their money as a method of inflating their account balances.💀 https://t.co/whgEF8ansL

— Sammy🐧 (@SammyTVx) September 1, 2024