Man Finds Extra $2.45 Billion in His Bank Account. Bank Doesn't Follow "Monopoly" Rules, Takes Away Money.

<p><strong>Cute little story in the news last week.<br> At least, people at BofA want you to think it's cute.</strong></p> <p><a href="https://finance.yahoo.com/news/bank-america-customer-opens-mobile-203123639.html"><strong>Bank of America Customer Opens Mobile App and Finds an Extra $2.45 Billion</strong></a></p> <p><strong>Man named Blaise Aguirre wakes up to find an extra $2,450,000,000.00 in his Bank of America app. It's a similar story to the issue where millions of </strong><a href="https://www.charlotteobserver.com/news/nation-world/national/article244746762.html#:~:text=Bank%20of%20America%20says%20an,were%20showing%20a%20%240%20balance."><strong>BofA customers were showing a $0 Balance in their accounts</strong></a><strong> a few weeks ago, leading to widespread anger!</strong></p> <p><strong>This podcast discusses one thing: I believe this story was overblown and fabricated by Bank of America themselves to be the antithesis of "Where's all my money?" that was going on a few weeks ago, to create more fun chatter about their bank and distracts a bit from the fact that I think BofA has the worst online banking experience out there, despite "bEiNg a TeCh cOmPaNy".<br> <br> I think having a story like this stirs up conversation, most of it lighthearted, when you wake up and you are one of the "richest" people in the world, at least on a phone screen. People will want to talk about how to spend money, and what they would do if given the opportunity to do so.<br> <br> I also discuss the motive of why BofA would want to make a big deal out of it, the fact that the customer mentioned that he mentioned it to a personal banker/relationship manager (my old job), and how that leak to the media would likely cause you to lose your job, which is why I think it's a BofA fabricated story. I also discuss a theory why it may have showed that much money in the account, plus I also discuss how bankers will use this silly story to create sales conversations with other customers about "saving to reach your goals". Ugh.</stron