Chase warns against using system glitch to filch cash: it’s ‘fraud, plain and simple’

The US banking giant Chase has made clear that taking advantage of a system “glitch” to extract cash was “fraud, plain and simple” despite it becoming a TikTok trend.

Chase Bank’s warning on Monday came in response to viral social media posts where customers purportedly tried to withdraw more money than they had in their accounts by exploiting a banking system delay.

Users claimed that they knowingly deposited bad checks for often large sums of money, and then withdrew the money from…