Why are the chase bank “glitch” criminals getting negative money in their account as opposed to the extra money just being removed?
In: Economics
They deposited a bad check, then withdrew cash that they didn’t have. That puts the account in the negative. Let us illustrate:
Suppose you have a bank balance of $500. You deposit a fake check for $10000. You withdraw $5000 cash. The bank removes the fraudulent deposit. You now have $5000 in your pocket, -$4500 in your bank account, and the police banging down your door and seizing that $5000 from your pocket and hauling you off to jail. There, you can expect your negative balance to expand due to court costs, attorney fees, and fines. Also, have fun losing your job and having trouble getting an apartment.
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