Bank Of America Will Raise Its Minimum Wage To $25 By 2025

Bank of America said Tuesday that it will raise the hourly minimum wage of its US employees to $25 by 2025.

Video Transcript

- Meantime, Bank of America employees will also see a boost as well. The nation's second biggest bank says it is increasing its minimum wage to $25 an hour by 2025. The policy will apply to all positions there. And this will be the highest minimum wage paid by a major bank. Bank of America also says it will require its vendors and suppliers pay their staff at least $15 an hour.