Bank of America Says Glitch Is Fixed

Bank of America Corp. officials said Sunday that they were able to correct a computer glitch that had deprived about 1.1 million customers of deposits that were supposed to be electronically credited to their accounts Friday.

The bank could not explain what had gone wrong with its computer system but said the backup system had been implemented and all its customers now have access to their funds.

Bank of America said Saturday that 1.1 million direct deposit customers in California, Arizona and Nevada were affected by the glitch.

The bank, based in Charlotte, N.C., with about 25% of the retail banking market in California, said it would take care of any fees and charges if customers’ checks bounced as a result of the computer error.

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Kathy Kristof