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

  • It ‘was a display error and nothing more,’ bank spokesman says
  • Mishap follows Citi’s $900 million in mistaken payments
Bank of America Corp.
Photographer: Jeenah Moon/Bloomberg

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.