Why are the chase bank “glitch” criminals getting negative money in their account as opposed to the extra money just being removed?

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Why are the chase bank “glitch” criminals getting negative money in their account as opposed to the extra money just being removed?

In: Economics

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There is no extra money. They’re depositing fake checks and then withdrawing cash. Of course the checks bounce, so then the bank withdraws the money from their account, running it negative.

This is also known as check fraud, and it’s a crime.

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