chase infinite giNger glitch
(youtu.be)
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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Once Chase figures out your check is fraudulent they remove the money from your account again, and as you have already withdrawn that money your balance goes negative, on top of having committed fraud.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.
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.