BofA 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 ...