Accessibility StatementSkip Navigation The increase delivers on a pledge to hit $25 by 2025 CHARLOTTE, N.C., Sept. 17, 2025 /PRNewswire/ -- Today, Bank of America announced it has raised its U.S. minimum hourly wage to $25 per hour. With the increase, the minimum annualized salary for full-time employees in the U.S. will rise to more than $50,000. The increase, which goes into effect in early October, applies to all full-time and part-time hourly positions in the U.S., affecting thousands of employees acros ...