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

Finance

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.

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