Chase Bank suing customers over ‘infinite money glitch’

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JP Morgan Chase is suing customers who took advantage of a technical glitch to steal money from ATMs.

In what became known as the “infinite money glitch” on social media, customers were able to withdraw funds before a check bounced.

JP Morgan Chase filed three lawsuits against customers who took the largest amounts of cash and the biggest bank by assets in the country is still investigating thousands of possible cases, according to NBC News.

Over the summer videos appeared on social media showing customers depositing bad checks into ATMs and withdrawing large sums of cash.

JP Morgan Chase reportedly closed the loophole that allowed the withdrawals a few days after discovering it, according to NBC News reporting.

According to JPMorgan, the lawsuits target customers who owe the bank between $80,000 and $141,000 and are expected to be just the first wave in the bank’s efforts to get customers to repay debt.


 

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