Why are the chase bank “glitch” criminals getting negative money in their account as opposed to the extra money just being removed?
In: Economics
As everyone else has said it was actually just check fraud or check kiting. But to add further, they assumed it was a glitch because of the instant funds availability- which is normal if funds are transferred within the same bank (eg., a Chase account to a Chase account). They thought they were getting around the normal X number of days for a hold when the funds are to be transferred from an external source (eg., BOFA account to Chase account).
In short, these dummies thought they were tricking the system to give them “fake” money from THEIR OWN ACCOUNTS with all of their identifying information, their picture, and videos and pictures from Chase’s security cameras because they don’t understand how checks work.
Latest Answers