These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job for Loan Officer in companies like Bank Of America in the United States. Bank of America today announced that it will raise its minimum wage to $20 per hour over a two-year period.

On May 1, 2019, the minimum hourly wage will increase to $17, and will continue to rise until it reaches $20 in 2021.

As of Jun 5, 2020, the average hourly pay for a Personal Banker in the United States is $18 an hour. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. Most of our site is working normally, but you may experience occasional delays. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus. The increase will occur in increments. Visit our sitemap for more products and services . Bank of America had announced on April 9 the minimum wage hike to $20 per hour would take place in two years.The company also raised its minimum salary earlier this year to $17 per hour …

According to our 100% employer reported salary sources the median salary for a Bank Of America Personal Banker with a JD, MD, PhD or Equivalent is $71,041 - $77,135. The retail banking giant currently pays $15 an hour to start.

Continue to Online Banking . Contact us to speak with a representative Bank of America Online Banking & Bill Pay customer service information is designed to make your banking experience easy and efficient. The average hourly rate for Loan Officer in companies like Bank Of America range from $42 to $53 with the average hourly pay of $48. Average salaries for Bank of America Personal Banker: CA$63,116. Bank of America Personal Bankers earn $38,000 annually, or $18 per hour, which is equal to the national average for all Personal Bankers at $38,000 annually and 52% lower than the national salary average for all working Americans.

According to our 100% employer reported salary sources the median salary for a Bank Of America Personal Banker with an Associate's Degree is $66,161 - $72,457. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Bank of America’s increase to paying $20 per hour builds on the company’s history of being an industry leader in establishing an internal minimum rate of pay for its U.S. hourly employees. More options: Find a banking center or ATM . Bank of America is raising its starting wage to $17 an hour beginning in May in a longer-term effort to increase it to $20 by 2021. While ZipRecruiter is seeing hourly wages as high as $25.96 and as low as $10.10, the majority of Personal Banker wages currently range between $15 (25th percentile) to $20 (75th percentile) across the United States. We value your business and appreciate your continued patience. Welcome to bankofamerica.com.

Bank of America employees earn $45,000 annually on average, or $22 per hour, which is 36% lower than the national salary average of $65,000 per year.According to our data, the highest paying job at Bank of America is a SVP at $226,000 annually while the lowest paying job at Bank of America is an Inventory Manager at $21,000 annually. Get answers to the most popular FAQs and easily contact us through either a secure email address, a mailing address or our Online Banking & Bill Pay customer service phone number. Personal bankers work in retail banking branches and assist customers with various needs.

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