Bank / Credit Union

BMO Harris Bank boosts pay by 20 percent for branch, call center employees

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October 13, 2021

BMO Harris Bank has announced it will raise its minimum wage for full and part-time branch and customer contact center employees to $18 an hour beginning on Oct. 17, according to a press release.

"BMO believes that the total wellbeing of its employees includes their financial health. We want to reward our team in a way that reinforces their value to our organization and is competitive with the market," Ernie Johannson, group head, North American personal and business banking, BMO Financial Group, said in the release. "This higher hourly base pay with an already competitive incentive bonus program ensures that BMO's team remains the best in banking with top talent that can make financial progress alongside our customers and our business."

The bank will continue to adjust pay and compensation as needed for the banking market, according to the release.