Bank of America has announced a landmark pay increase , raising its U.S. minimum hourly wage to $25 as of early October. The starting salary will be more than $50,000, it added. The decisions fulfill a “25 by 2025” commitment made in 2021 and positions the financial giant at the forefront of American corporate wage policy, reinforcing its long-standing reputation as a leader in minimum pay for hourly employees across the nation.

This latest adjustment brings Bank of America’s minimum wage up nearly 67% since 2017, when its base hourly rate was $15. Prior to this change, the bank’s minimum wage stood at $24 per hour—a rate set just last year—illustrating the company’s steady dedication to raising worker compensation. For full-time employees, this new wage translates into an annual salar

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