No, not really ... the video showed people how to deposit fake checks into their accounts, and then withdraw the cash based on the temporary credit the ATM gives you. So yeah, it's just check fraud. I can't believe people were dumb enough to do this based on a viral video, dumb enough to do it with their own bank account, in their own name, and dumb enough to record it and post it online. The video claims they discovered a "glitch", but the ATMs were likely programmed this way to give a courtesy credit to their customers. BOA used to issue a temporary credit, too, but stopped a couple years ago, probably because of dumb shit like this ... I'm guessing chase will soon, too. Viral videos of people stealing money from Chase ATMs were just plain check fraud | CNN Business
People are so dumb it's amazing. Even if you somehow found a real ATM glitch, why would you possibly post it on social media?
The only question is whether the bank will only assess an NSF fee or go further and refer the idiots to law enforcement for fraud.
I heard on the radio that if you did it repeatedly, I.e. deposited numerous bad checks and cashed them out, as some were doing, they can take your banking privileges away for life… apparently banks share a list of people banned for life and no bank will allow you to do any business with them.
I would imagine most of the videos are fake; or at least the initial videos. Some may have bought into the scam idea after the first level of fake videos made the rounds. Anybody remember when people were being convinced that the new iOS made your phone waterproof (iOS 7, I believe)? I think some people are just hard wired to believe things based on spontaneity/popularity. Go GATORS! ,WESGATORS
This is like the Door Dash glitch where people thought they were getting tons of free stuff. Eventually all the charges went through and the idiots were stuck with huge bills.
I bet like 90% of the younger generations have never written a check and don’t fully understand how they work. It’s all debit cards, online payments, and direct deposits these days. But I agree the original video was probably faked by someone who thought it would be funny to see how many people would actually do it.
