Bank of America boosts pay for tellers by $400 a month, cuts their hours amid coronavirus outbreak


A Bank of America financial manager shows a customer how to use the ATM with Teller Assist station in Cherry Creek.

Andy Cross | Denver Post | Getty Images

Bank of America said it was boosting pay for bank tellers and reducing daily work shifts by at least two hours amid the widening coronavirus epidemic. 

“In our financial centers nationwide, eligible employees will continue to be paid for their regular, full weekly schedule, even if their hours are adjusted to less; and eligible employees actively working in the financial centers will receive a special supplemental payment of $200 per pay period,” the bank said in a Friday memo to employees. 

This story is developing. Please check back for updates.

Products You May Like

Articles You May Like

Wall Street adjusts to working at home: Lost screen real estate, Citi’s new ‘world headquarters’
Your forgivable loan may be undercut by this provision of the Paycheck Protection Program
Everything you need to know about your student loans amid the coronavirus pandemic
WHO says there’s a global shortfall of 5.9 million nurses as world battles coronavirus pandemic
Op-Ed: Bailouts should come with strings attached so taxpayers can profit from recovery

Leave a Reply

Your email address will not be published. Required fields are marked *