Bank of America Employee Benefits 2024 – Bank of America Employee Discounts
Bank of America Employee Benefits 2024 – With almost 204,489 employees, Bank of America provides a broad range of retail banking, investment banking products, and related services across the USA.
90% of Bank of America employees signify it is a great place to work. Do you think so? or want to start joining Bank of America Careers?
If Yes, then read the following article to understand what are employee benefits at Bank of America and the company culture.
Here below I have explained Bank of America Employee Benefits packages along with Bank of America Employee Health Benefits, Bank of America Retirement Benefits, and various Bank of America Employee Discounts, offered by the bank.
Why do Employees say Bank of America Is a Great Workplace?
Bank of America is committed to providing a comprehensive benefits program and helping them cultivate its future.
In order to do so, the bank offers market-competitive packages of Bank of America employee benefits, perks, and discounts that help its employees to support their physical and financial health in the future.
Bank of America’s employee benefits Programme allows its employees to –
- Cultivate future employment.
- Support physical and financial health
- Broaden private medical insurance for employee’s future
- Maximize what employees and Bank of America invest for employee’s future
- Enjoy flexible time planning to work
- Employee Share Ownership Plan
Bank of America also offers several voluntary benefits that help employees to work together to bettered employees’ physical and financial well-being.
So, if you are working at any Bank of America, read the following article to understand the company culture and Bank of America employee benefits of working with the bank.
Bank of America Benefits, Perks, and Employee Discounts
Bank of America offers competitive compensation, meaningful recognition, and a full range of Bank of America benefits and employee discounts.
Covering from health and wellness to income protection and retirement to work/life benefits. Read below what various benefits and discounts, you can get as a Bank of America employee.
| Bank of America Employee Benefits | Description |
| Health Insurance | Bank of America health benefits for employeesBest healthcare plan coverage for basic healthcare, dental, and vision |
| 401(k) Plan | 100% match on employee’s first 4% contribution |
| Life Insurance | Bank of America Life Insurance offers a one-year salary plus additional benefits to beneficiaries |
| Vision Insurance | Coverage and discounts available for eligible employees pay the premium for eligible employees and all enrolled dependents |
| Dental Insurance | Dental coverage for preventive dental care, orthodontia services, and reconstructive surgeries |
| Disability Insurance | Bank of America provides long-term disability insurance and will pay for 60% of the Base Pay option |
| Accidental Death & Dismemberment Insurance | Death/Dismemberment/Disability insurance |
| Pension Plan | Up to 5% on a salary after 2 years. |
| Maternity & Paternity Leave | 13 weeks of maternity leave and 4 weeks of paternity leave are available. |
| Flexible Spending Account | Available for full-time employees |
| Bank of America employee benefits, vacation | 2 weeks of PTO are available. |
| Paid Holidays | Up to 10 days of paid holidays are available. Varies by location |
| Volunteer Time-Off | 2 days/year manager approve leaves are available. |
| Commuter Checks and Assistance | Commuter benefits for eligible team members to cover various commuting expenses |
| Military Leave | Manager approves Military leaves are available |
| Employee Assistance Program | Bank of America Free Employee Assistance Program to promote and cultivate employees’ future |
| Tuition Assistance | Tuition reimbursement for tuition fees is available for paying tuition fees |
Bank of America Health Benefits for Employees
Bank of America wants to be helpful to its employees and family members. In order to do so, they offer a basic healthcare plan covering medical, dental, and vision coverage.
Employees can open a tax-advantaged Health Savings Account through Bank of America’s medical plan and receive a contribution from the company.
Bank of America provides basic Health and life insurance to offer financial protection for serious accidents or death.
Which includes basic life insurance, travel accident insurance, supplemental life, and accident insurance.
The bank also offers the facility of a tax-free Spending account and helps employees to save money for eligible health care, dependent care, and commuter expenses.
Best Employee Benefits At Bank of America
The followings are the best employee benefits at Bank of America, reviewed by former Bank of America employees –
- Bank of America health benefits coverage on medical, dental, and vision plans.
- Bank of America 401K Plan – 401 (k) plan with a 100% match on employee’s first 4% contribution
- 13 weeks of maternity leave and 4 weeks of paternity leave
- Tuition Reimbursement, Adoption Assistance, and Employee Assistance Program
- Death/Dismemberment/Disability insurance
- Employee Share Purchase Plan
- Bank of America Retirement Benefits,
- Bank of America Pension Plans
- Bank of America Employee Discounts
Overall, Bank of America Benefits for employees are quite unique and comprehensive which ensures high and improving employee retention rates.
Bank of America Employee Discounts Program 2024
- For Bank of America Employee Discounts, you need to visit www.bankofamerica.com/information/associates.
- Next, please tap on the benefits button.
- After that, click on the Employee discounts link
- Log in with your Standard ID and Password.
- Access Bank of America Employee Discounts.
Find a Career at Bank Of America
- Job search: https://careers.bankofamerica.com/en-us/
- Facebook: https://careers.bankofamerica.com/en-us#
- Instagram: https://careers.bankofamerica.com/en-us#
- Linked In: https://careers.bankofamerica.com/en-us#
- Pinterest: https://careers.bankofamerica.com/en-us#
- Twitter: https://careers.bankofamerica.com/en-us#
BOA Customer Service Center
Bank of America Customer Service Number: 800.806.7009
bank of America employee benefits phone number: 800.637.4015 (U.S.)
Bank of America Customer support Site: https://www.bankofamerica.com/customer-service/contact-us/about-bank-of-america/
Conclusion
I hope that you will be satisfied with the details available here on Bank of America Employee Benefits and Bank of America Benefits.
Have you ever worked at Bank of America? What do you like the most there? Have you’d a great experience with Bank of America Employees? Tell us about it in the comments below!
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FAQs – Bank of America Employee Benefits
What are Bank of America employee benefits?
Bank of America offers quality health and insurance advantages and continues to provide resources and wellness programs, such as annual health screenings and the Get Active! The contest provides employees access to resources for a healthy lifestyle and helps manage health care costs.
How many vacation days do Bank of America employees get?
As a full-time employee, two weeks of sick time and three weeks of vacation. You can buy an extra week of vacation during advantages enrollment each year.
Does Bank of America offer good health insurance?
Bank of America’s flagship HSA for Life works with all HSA-eligible health plans that generally offer lower monthly premiums than standard health insurance plans, saving you and your workers money.
How many sick days do Bank of America employees get?
10 days of sick leave.
Does Bank of America have a 401k plan?
The Bank of America 401(k) Plan offers three investment strategies and a variety of investment options.
Does Bank of America pay for holidays?
Bank of America grants workers both paid and unpaid time off from work for vacation, illness, holidays, and other personal causes.
How can I learn about and apply for jobs at Bank of America?
Visit Bank of America careers portal to learn about our businesses and work environment, search for open positions and apply online.
What are Bank of America employee benefits?
We offer quality health and insurance benefits and continue to provide resources and wellness programs, such as annual health screenings and the Get Active! Challenge to provide employees access to resources for a healthy lifestyle and help manage health care expenses.
Does Bank of America give bonuses to employees?
Bank of America gave those employees cash bonuses worth $1,000 yearly from 2017 to 2019, and $750 in 2020 after the bank’s annual net income tumbled 35%. By contrast, the bank reported a 78.8% increase in yearly profit in 2021.
How many sick days do Bank of America employees get?
Eight sick days
How much PTO do you get at Bank of America?
As a full-time employee, three weeks of vacation and two weeks of sick time. You can buy an extra week of vacation during advantages registration each year.
Do Bank of America employees get stock options?
Bank of America said each eligible employee would receive between 65 and 600 restricted stock units, corresponding with their compensation. Those units will vest over four years, starting in 2024.