BofA Raises U.S. Minimum Hourly Wage to $24, Increasing Starting Salary to Nearly $50K

The bank has committed to $25 per hour by 2025CHARLOTTE, N.C., Sept. 10, 2024 /PRNewswire/ -- Today, Bank of America announced that it has raised its U.S. minimum hourly wage to $24 per hour, the latest step in the company's commitment to $25 by 2025. With the increase, the minimum annualized salary for full-time employees in the U.S. will rise to nearly $50,000. The increase applies to all full-time and part-time hourly positions in the U.S.A national leaderThis move builds on the bank's history of being a ...