Chase Bank ATM Glitch (Scam!) Explained ⚠️🏦🚔💸 #financialliteracy #scams

[AdviceWithErin]

🏧⚠️ when I talk about financial literacy — this is what I’m talking about! 🏧⚠️

Y’all — tell your friends, brothers, sisters, aunts, uncles, cousins, neighbors: anytime a check is involved, it’s probably a scam. 😅

Banks will typically give you the funds before a check clears. They do this because checks take a while to process. 🏦

However, when the check is processed & the bank sees it’s fraudulent — you will then OWE that money to the bank. 😵

This is not a glitch. It’s a common get rich quick myth. 😅

Rich kids are taught about checks. They are taught to not cash checks from people they don’t know. They are taught to not spend money that is not in their account. These are basic principles that everyone should be taught + know – so now you know, spread the knowledge 🧠⚡️

You got this! #financialliteracy #personafinance #scam #fraud #atmglitch

[WeirdAIStuff]

I'm a bank teller and it is inconceivable to me that people think it's a glitch.

[Ahmed_Haroon]

Committing fraud on the bank who has every piece of information about you might be the stupidest thing people have done in the 21st Century 😅😅

[sourgummiez]

Banks DO NOT MESS AROUND when committing any type of fraud with checks.

[theloveofgawd]

When Erin taps the screen it makes me feel like she’s booping me on the nose😂

[kristelneedtoknow]

See the only way that would be a glitch is if the atm was given out Money with out putting in your card or any information. But that was literally attached to your account which is attached to all your information. So how did people think they would get away with it is beyond my understanding. I love when people rediscover old trends and rename them as something new. Check fraud is now a free money glitch. Lol till they go to prison.

[PuniMuniE]

Omg ive been seeing this everywhere too....where are people's brains???

[luckyg]

from rich bestie to broke bestie in under 5 seconds 😂

[jennylove]

At certain banks if you write yourself a check they charge it as a cash advance 😬 with extra high interest 💸

[Fawndolyn]

You write a check WHICH HAS YOUR BANK ACCOUNT INFO ON IT and you think “how are they gonna catch me?”?!? 😂

[nathanrust]

I've come to realize we have too many people that don't even know what an economy is much less how it works.

[Mux-mach]

Yeah it’s a felony offense for check fraud

[KSmith-kpjz]

Finance tip: If it sounds too good to be true, it’s probably fraud or tax evasion.

[Jennifer_Lewis_Beach_Living]

Social media illustrates the stupidity of people. They feel the need to share EVERYTHING on the internet, including them committing crimes. 🤦‍♀️

Yes, thank you for explaining to these folks what they’re doing, and it’s ILLEGAL and will land you in jail.

[griffonwillow]

Th asst manager at my old coffee job had a cocaine problem and got his checking account closed for doing this for $200 in the 90s. No bank would let him open a new account.

[shameenkashif]

Every single day I question: Are people dumb?

[Skiploom]

Thank you so much for letting us know Erin.

[dariaa]

That classic tap on the camera is just perfect 👌

[brokencookie]

I’m in love with how you changed their name from rich bestie to poor bestie

[soundofmusic]

Not rich bestie becoming broke bestie 😭😭😭😭