Bank of America Raises Minimum Wage to $24 per Hour

Bank of America has made a significant move by raising its minimum wage to $24 per hour. This change affects employees who work in banking centers and ATMs, and it's a notable increase from the previous wage.

The new wage will bring benefits to thousands of employees, with many seeing a substantial pay bump. For those who were previously making around $15 an hour, this change means a 60% increase in their hourly wage.

This move is part of Bank of America's efforts to invest in its employees and improve their overall experience. By raising the minimum wage, the bank is showing its commitment to supporting its staff and recognizing their hard work.

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Bank of America has raised its minimum wage to $24 per hour, a significant increase from the previous rate. This new rate applies to all full- and part-time hourly workers in the U.S.

The bank's minimum wage has increased by $1 per hour, and it's now higher than it's been since October last year. The new rate represents a 66% increase from the $15 an hour minimum wage in 2017.

The wage hike is part of Bank of America's goal to reach a minimum wage of $25 by 2025. The bank has already raised its minimum wage seven times since 2017.

The new minimum wage of $24 per hour will bring the annual salary for full-time employees to nearly $50,000. This is a significant increase from the starting wage for bank tellers in Delaware, which is $17.27 per hour.

Bank of America's Chief Human Resources Officer, Sheri Bronstein, said that paying a competitive wage is core to being a great place to work. The bank wants to attract and retain the best talent, and providing a competitive minimum wage is a key part of that strategy.

The wage increase will affect thousands of employees in Delaware and thousands more across America. Bank of America is one of Delaware's major employers, with roughly 6,000 employees in the state.

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