Skip to content
Subscriber Only

JPMorgan, BofA Give Extra Pay to Employees Who Can’t Go Home

  • BofA to add $200 per paycheck for its branch workers
  • Some JPMorgan employees to get $1,000 payments amid pandemic
Empty streets in front of a JPMorgan Chase & Co. bank branch in New York on March 19, 2020. 

Empty streets in front of a JPMorgan Chase & Co. bank branch in New York on March 19, 2020. 

Photographer: Michael Nagle/Bloomberg
Updated on

Bank of America Corp. and JPMorgan Chase & Co. plan to make special payments to branch, call-center and operations employees who can’t work from home during the coronavirus pandemic.

JPMorgan, the biggest U.S. bank, will make payments of $1,000 -- $500 next month, and the rest in May -- to branch workers as well as operations and call-center staff who make less than $60,000 in total annual cash compensation. At Bank of America, eligible staff working in branches will receive a $200 supplement in their biweekly paychecks.