Skip to content
Subscriber Only

Bank of America Extends Pandemic Benefits for Caregivers Through March

  • Reimbursements total up to $100 a day for child or adult care
  • Bank has already spent $300 million on the program this year

Bank of America Corp. is extending pandemic benefits for employees who need child- or adult-care services.

Through the end of the first quarter, workers will be reimbursed $75 or $100 a day to pay caregivers, depending on the employee’s compensation, according to a memo to staff. The second-biggest U.S. bank is also boosting the number of days employees can use backup facilities or in-home care in 2021 to 50 from a previous 40.