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Fri Aug 21, 2020, 07:47 PM

Bank of America Customer Opens Mobile App and Finds an Extra $2.45 Billion

Days after Citigroup Inc. made headlines for accidentally sending $900 million to a group of lenders, a Bank of America Corp. customer in Massachusetts opened his account to find an even bigger cash infusion: $2.45 billion.

But the money was never really there. “This was a display error and nothing more than that,” Bank of America spokesman Bill Halldin said. “It’s been corrected.”

The customer, psychiatrist Blaise Aguirre, said he initially figured Bank of America would discover the error itself. When that didn’t happen, he reached out to his relationship manager to inquire about the mysterious money showing up on both the web and his phone’s mobile app. This week, after being contacted by Bloomberg, the bank fixed the issue with Aguirre’s Merrill Lynch account.

The multibillion-dollar mishap wasn’t the first involving customer accounts. Earlier this month, the lender had a temporary display issue that caused some online and mobile-banking clients to see inaccurate balances. That mistake, however, wasn’t as potentially lucrative as Aguirre’s $2.45 billion mirage: Their accounts were showing balances of $0.

https://finance.yahoo.com/news/bank-america-customer-opens-mobile-203123639.html

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Reply Bank of America Customer Opens Mobile App and Finds an Extra $2.45 Billion (Original post)
left-of-center2012 Aug 21 OP
Ferrets are Cool Aug 21 #1
Initech Aug 21 #2
LineNew Reply .
Hassin Bin Sober Aug 21 #3

Response to left-of-center2012 (Original post)

Fri Aug 21, 2020, 08:56 PM

1. Was his last name Prince

as in Erik.

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Response to left-of-center2012 (Original post)

Fri Aug 21, 2020, 08:57 PM

2. Was it Fry?

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