Bank of America CEO Brian Moynihan. That includes spending $300 million to provide 3 million days of child and adult care in 2020, and about $600 million on measures such as increased cleaning, personal protective equipment, and supplemental and overtime pay, as well as meals and transportation. Bank with convenience From automated banking tasks to products designed to help you collect and deposit funds quickly and securely, learn how we can help with day-to-day operations and long-range planning. During the pandemic, the company rolled out a raft of extra benefits for its staff, 85% of whom were sent to work from home. Called 'delivering together' compensation awards, the bank expects over 97 per cent of its employees to get the special one-time cash bonus. Get a $200 bonus if you deposit $5,000 or more in new money within 15 days of account opening, maintain an average balance of $5,000 during the maintenance period and make 5 qualifying electronic payments 1.2. Bank of America Corp. (BOFA) pays an average of $7,007 in annual employee bonuses. While rival traders at banks like Goldman Sachs are reportedly expecting an increase of 20% in this year's bonuses, BofA's traders will be lucky if they're paid flat. Deal has ended, view more bank account bonuses by clicking here. Bank of America has announced a 90-day extension for both consumer and small-business accounts opened between Jan. 1 and March 31, 2020. While the bank's M&A bankers out-performed and its equity capital markets (ECM) bankers performed passably well, BofA's fixed income currencies and commodities (FICC) traders, its equities traders and its debt capital markets (DCM) bankers performed worse. If you already have an account with Bank of America, such as a credit card, but you don't have a personal checking account, log in. Eventually it will – unless it’s offensive or libelous (in which case it won’t. As the turkeys hit the tables for this year’s videocall family dinners, it appears that some traders at Bank of America might have less to be thankful for this year than they might have anticipated. In comments accompanying today's results, BofA blamed macro and mortgage traders for its poor fourth quarter - their losses reportedly outweighed its credit traders' gains. Here are the highlights of October's Bank of America offers: Best Bank of America Promotions: October 2020 Account Cash Value of Bonus … Mumbai: Bank of America is rewarding its over 1.7 lakh staff worldwide, including over 24,000 in India, with a cash award of USD 750 each to those earning under USD 1 lakh in annual compensation for the appreciation of their work through the pandemic. Aspiration Account: $100. $500 Bonus: Open a new Bank of America Advantage Checking (any version) and receive a $500 … ), Get the latest career advice and insight from eFinancialCareers straight to your inbox, Please click the verification link in your email to activate your newsletter subscription. Have a confidential story, tip, or comment you’d like to share? Open a new Bank of America Advantage Banking account by December 31, 2020. Here's some practical information and a selection of convenient banking solutions Bank of America … Bank of America is offering a bonus of up to $750 when you open a new Business Advantage Checking account OR Business Fundamentals Checking account, as follows: 1.1. Business Checking Account - $500 Bonus (Targeted) ... Offer only available to customers who receive offer via a direct communication from a Bank of America® small business specialist or from a Bank of America … “*This exclusive offer is only for select Bank of America® customers who don't already have a personal checking account with us and who received an email or direct c… Bonus Requirements; Bank of America® Cash Rewards™ $200 cash rewards: Spend $1,000 on purchases in the first 90 days from account opening: Capital One® Venture® Rewards … All rights reserved. Those earning more will get a stock award. We share our favorite bonuses and you can scroll down for more details on each bonus: Bank of America $100 New Checking Account Bonus. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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