TikTokers are furious over Chase Bank's 'glitch' – but they're in for a rude awakening

A “glitch” at Chase Bank's ATMs that allowed customers to withdraw money from their accounts after depositing fake checks for large amounts has led to a wave of people showing off their cash online.

Apparently, some Chase customers wrote checks for exorbitant amounts and deposited them to get tens of thousands of dollars that weren't theirs, in what some called an “infinite money hack.”

But according to experts, this is not a harmless life hack, but a classic check fraud, which is punishable by fines and, in serious cases, imprisonment.

Social media users who “tried” the hack reported that the money initially appeared in their account balances or that they were able to withdraw cash from ATMs before their fake checks cleared.

But Chase, one of the country's oldest banks, took quick action, prompting many customers to post recent videos expressing their despair over the huge negative balances in their accounts.

“We are aware of this incident and have addressed it. Regardless of what you see online, cashing a fake check and withdrawing the funds from your account is fraud, plain and simple,” a Chase spokesperson told DailyMail.com.

Later in the video, they drive through the streets with hundred dollar bills in their hands and their Chase debit cards in their mouths

Several images and videos have emerged showing dozens of people queuing outside Chase Bank branches, allegedly hoping to exploit the so-called money glitch

Chase declined to comment on how people managed to bypass security protocols.

One of the most famous videos of this short-lived trend shows a man leaving a Chase branch in Yonkers, New York, cheering and fanning out a wad of cash.

Three of his friends surrounded him and celebrated their ill-gotten gains together.

Then they drive through the streets with hundred dollar bills in their hands, hanging out of their cars, beaming with their Chase debit card in their mouths.

Other videos showed dozens of people queuing outside Chase branches, allegedly trying to take advantage of the alleged glitch.

The euphoria did not last long, however, as people began sharing screenshots of their Chase accounts with alarmingly high negative balances.

Both individuals have negative account balances after allegedly being involved in the Chase Money error

Many people also took the opportunity to make fun of those who had fallen for the “get rich quick” scheme with clever memes.

This person joked that people are “plunging themselves into generational debt to buy a nice car that they'll own for two days before all their assets are seized by the bank.”

One visibly distressed man still had deductions from his account balance, one for $31,000 and one for $7,000. Both were due to an error at the ATM or during the deposit.

“Damn, man,” he says, rubbing his face. “They actually told me to log in. It was supposed to be redeemed the next day, but look at my account.”

Another person's account was down almost $11,000 after participating in the trend.

Many people also took the opportunity to make fun of those who fell for the “get rich quick” schemes with witty memes.

Someone joked that people are “plunging themselves into generational debt to buy a nice car that will be theirs for two days before all their assets are seized by the bank.”

Others, on the other hand, could not quite understand the humor in it and preferred to warn people about what might be coming their way.

This woman said Chase will “hurt” anyone who participates in this scam.

Jim Wang, a popular financial educator on TikTok, posted his own take on the Chase glitch and warned people that they could face serious consequences for their behavior.

One woman said Chase will “put a big dent in anyone who participates in the scam” and criticized people for being stupid enough to post their thefts on social media.

“Go spend the money now,” she said. “Who told you this was a safe way to get money? You don't think it will be traceable, do you?”

Jim Wang, a popular financial educator on TikTok, posted his own take on the Chase glitch and warned people that they would face serious consequences for their behavior.

“This glitch was just check fraud. Anyone who does something like this will get into big trouble,” he said.

“Just because money shows up in your account doesn't mean it's actually yours,” he said. “If you spend it and are forced to pay it back, you have to find a way to pay it back.”

Many of the perpetrators complained that they were now in debt, but that may be the least of their worries.

Check fraud can be prosecuted at the state and federal levels.

The maximum penalty for major theft of money from financial institutions is a $1 million fine and 30 years in prison.