Bank / Credit Union

BMO Harris boosts minimum wage to $20 an hour

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July 14, 2022

BMO Harris Bank is increasing its minimum wage for all full and part-time branch and Customer Contact Center employees to $20 an hour beginning on Aug. 7.

This is part of an effort to improve the financial well being of its employees, according to a press release.

"As a leading North American Bank that supports progress for all, today we are announcing a significant new investment in our people — the best team in banking. We know that caring for our colleagues first allows them to focus on helping our customers make real financial progress," Ernie (Erminia) Johannson, group head, North American personal and business banking, BMO Financial Group, said in the release. "Our dedicated frontline financial heroes bring BMO's Purpose to life every day, boldly growing the good for our customers and communities."

The bank will make further adjustments to wages as needed based on the banking market.