Bank / Credit Union
Bank of America sees growth in employee banking program
February 16, 2024
Bank of America announced more than 450 corporate and commercial customers have enrolled in its Employee Banking and Investing program, which now offers almost 4 million employees financial education, rewards and investing capabilities, according to a press release.
"By the middle of this year, more than 500 companies will be enrolled in our Employee Banking and Investing program," Aron Levine, president of preferred banking at Bank of America, said in the release. "This accelerated growth reflects employers' interest in providing valuable benefits and resources that empower employees with greater knowledge and tools to manage their financial lives and pursue their goals."
The program offers a variety of benefits including the Better Money Habits online resource and Preferred Rewards Gold Tier with credit card and interest rate bonuses.
"Our corporate and commercial clients appreciate working with a financial institution who understands the unique needs of their company and their employees," Wendy Stewart, president, global commercial banking, Bank of America, said in the release. "By helping employers connect their workforces to a range of integrated benefit plans and financial services, we're creating convenience for our clients and a better experience for their employees."
