chase infinite giNger glitch
(youtu.be)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (33)
sorted by:
So what was this? A glitch that allows people to overdraw their accounts or did it spit out more money than was being debited from the account?
Write fake check for a huge amount, deposit the check, Chase instantly credits the full amount to your account, withdraw the money, celebrate. That's the "free money glitch" as I understand it.
Except it doesn't stop there. Once Chase figures out your check is fraudulent they remove the money from your account again, and as you have already withdrawn that money your balance goes negative, on top of having committed fraud.
Still sucks for Chase, 'cause they ain't getting any of that money back. They gonna repossess or lien a house? These people rent, at best. Garnishee a wage? They're robbing banks, they don't have a livelihood to garnishee.
Chase went full "high trust society", and got burned for it, assuming certain people are worthy of high trust and they weren't.
The gov will just pay them back for these losses, with your tax dollars. Soft reparations.
They could press charges, get accused of racism, and if they're lucky get a "boycott" of all the people that no bank wants as "customers" in the first place.
Weird thing is that even the withdrawal limit didn't work/doesn't exist so it was able to be abused even harder.
it gave full access to the fund you deposited with checks right away, instead of holding days or partial availability
That's a feature my bank offers account holders. It's in the terms of service that you're responsible for any overdraft.
The only stupid thing was writing bad checks.
Even as a convenient feature, a simple verification if the routing number and account number on the checks are legit could've probably blocked 90% of it
The way to avoid that would have been for Chase to realize that they don't operate in a high trust society like my local bank does.
A bunch of retards were convinced that felony check fraud is a lifehack.