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Slate Money: The Chase Glitch Proves Checks Are Stupid

Slate News

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Teen Banking Glitches and Financial Literacy

This chapter examines the trend of teens exploiting a banking glitch at Chase ATMs that allows them to withdraw more money than they have deposited through checks. It highlights the generational confusion surrounding check usage, the implications of financial literacy, and whether educational systems should equip students with better knowledge of banking practices. The conversation underscores the declining relevance of checks in modern finance while advocating for improved financial education to prepare young adults for real-life financial responsibilities.

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