Bank of America
Happiness rating is 62 out of 100
3.8 out of 5 stars.
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Bank of America Employee Benefits

All the listed benefits are extracted from job descriptions, reviews, and Q&A posted on Indeed. Please contact the employer to understand the benefits connected to a relevant job.

Overall Benefits and Compensations

Benefits found on job postings

  • Bonus pay
  • Tuition reimbursement

10 benefit categories

1.7k reviews about benefits at Bank of America

Insurance

98% positive reviews

  • Dental insurance
  • Disability insurance
  • Health insurance
  • Vision insurance
  • Life insurance

Dental insurance

Now for the positive aspects of this job is you get great benefits and you get to have Medical, vision, dental insurance with vacation and sick days. - view all

Teller - Dallas, TX - May 21, 2019

Disability insurance

Bank of America offers great benefits like Child Care Reimbursement, 401K matching, Discount program, Short Term and Long Term Disability and many different health insurance programs. - view all

Operations Representative - Newark, DE - Dec 19, 2018

Health insurance

The company has excellent benefits and a wonderful 401k plan. - view all

Anti Money Laundering Analyst - Charlotte, NC - Oct 28, 2018

Vision insurance

Now for the positive aspects of this job is you get great benefits and you get to have Medical, vision, dental insurance with vacation and sick days. - view all

Teller - Dallas, TX - May 21, 2019

Life insurance

They do offer amazing benefits such as paid maternity and paternity leave, paid vacation and sick time, partial childcare and tuition reimbursement, medical, dental, vision, 401k and life insurance. - view all

Senior Customer Service Representative - Spokane, WA - Sep 30, 2018

Details about Insurance

Dental insurance (13 reviews)

100% of the reviews are positive

Disability insurance (2 reviews)

100% of the reviews are positive

Health insurance (897 reviews)

98% of the reviews are positive

Vision insurance (29 reviews)

100% of the reviews are positive

Life insurance (11 reviews)

91% of the reviews are positive

Leave

94% positive reviews

  • Bereavement leave
  • Military leave
  • Parental leave
  • Paid time off
  • Unlimited paid time off

Bereavement leave

They also have really good benefits that are not found at most companies such as 16 week maternity/paternity leave, life insurance for dependents, and 20 day bereavement leave. - view all

Senior Analyst - Plano, TX - Jun 20, 2018

Military leave

I was treated as an equal by my manager who I was trained to do his job for when he was out on military leave. - view all

Senior Operations Analyst - Greensboro, NC - Sep 25, 2017

Parental leave

love bank of america, especially the paternity leave 2 months of spending time with your newborn. - view all

Controls Engineer - Jericho, NY - Mar 25, 2019

Paid time off

No harassment, great benefits with time off and vacation right away. - view all

Relationship Manager - New Britain, CT - Jun 3, 2019

Unlimited paid time off

Unlimited PTO, great benefits, and great pay. - view all

Development Operations Engineer - Charlotte, NC - Mar 30, 2017

Details about Leave

Bereavement leave (3 reviews)

100% of the reviews are positive

Military leave (1 reviews)

100% of the reviews are positive

Parental leave (53 reviews)

96% of the reviews are positive

Paid time off (217 reviews)

93% of the reviews are positive

Unlimited paid time off (1 reviews)

100% of the reviews are positive

Flexibility at work

99% positive reviews

  • Work from home
  • Flexible schedule

Work from home

Had a lot of great perks like ability to work from home, and flexible hours, but seems to be shrinking its footprints in California. - view all

Senior Financial Analyst - Thousand Oaks, CA - May 22, 2019

Flexible schedule

However, they do offer flexible schedules and work from home for some who tend to work longer hours. - view all

Chief Technology Officer - Jacksonville, FL - Oct 15, 2018

Details about Flexibility at work

Work from home (144 reviews)

99% of the reviews are positive

Flexible schedule (208 reviews)

99% of the reviews are positive

Childcare

99% positive reviews

  • Childcare

Childcare

Pros- daycare reimbursements, 401k match , great pay, paid vacations and holiday pay. - view all

Assistant Manager - Lansing, MI - Nov 3, 2018

Details about Childcare

Childcare (100 reviews)

99% of the reviews are positive

Health & wellness

100% positive reviews

  • On-site gym

On-site gym

I love to workout and they have an onsite gym which was very nice. - view all

Mortgage Underwriter - Plano, TX - Apr 3, 2019

Details about Health & wellness

On-site gym (13 reviews)

100% of the reviews are positive

Financial perks

97% positive reviews

  • Bonus pay
  • Fuel discount
  • Commuter assistance
  • Performance bonus
  • Health savings account
  • Paid housing
  • Employee discount
  • Quarterly bonus
  • Partner benefits
  • Stock options
  • Loan assistance
  • Yearly bonus
  • Signing bonus
  • Flexible spending account
  • Monthly bonus

Bonus pay

Bank of America as a contractor so I'm not sure how the difference would feel in the perks of being a permanent employee but I always felt the contractors was singled out under compensated even when the permanent employees receive the Rays we did the same work even better because the numbers increased once I Contracting training team came on the floor their numbers increased in a positive way and we still were paid the same as when we came in the door but all the permanent employees receive raises on top of we were never eligible for bonuses - view all

Collection Representative - Jacksonville, FL - May 17, 2019

Fuel discount

I had keys to branches, a bank unit and gas card. - view all

Courier - Vallejo, CA - Aug 24, 2018

Commuter assistance

I worked on N Tryon in Charlotte NC, there were awesome supervisors and managers and family oriented for sure, parking and transportation excellent employee benefits. - view all

Analyst - Charlotte, NC - Jun 24, 2017

Performance bonus

This company not only offers competitive pay but also offers bonuses based on performance in certain departments. - view all

Recovery Specialist - Brea, CA - Jul 2, 2018

Health savings account

They gave me 15 days of PTO, Health insurance, an HSA and Dental and vision coverage. - view all

Phone Representative - Jacksonville, FL - Mar 18, 2019

Paid housing

The most enjoyable part of the job is seeing the wide variety of housing available in Northern Nevada and how these house have been modified. - view all

Real Estate Appraiser - Reno, NV - Mar 4, 2013

Employee discount

Great employee discounts and incentives. - view all

Sales Specialist - Fort Worth, TX - Mar 19, 2019

Quarterly bonus

Great place to work when it comes to quarterly bonuses. - view all

Relationship Banker - Fresno, CA - Apr 3, 2019

Partner benefits

They also offer domestic partner benefits and great retirement plans. - view all

BANKING - Dallas, TX - May 11, 2013

Stock options

Bank of America was a great place to work they paid well, and after a certain time you were eligible for stock options which I used to buy a new car. - view all

Teller - Arlington Heights, IL - Apr 24, 2019

Loan assistance

There were times that my job became streneous with having to decline a homeowner that may not have qualified for any loan assistance at the time, that sometimes become hard because you want to assist them all, however you have to go by guidelines & realize you aren't going to be assist everyone. - view all

Relationship Manager - Richardson, TX - Jan 7, 2013

Yearly bonus

Yearly bonus and monthly bonus - view all

Senior Claims Analyst - Phoenix, AZ - May 13, 2019

Signing bonus

I left because Wachovia (now Wells Fargo) offered me a signing bonus and a raise. - view all

Specialist - Charlotte, NC - Jul 26, 2018

Flexible spending account

Bank of America Merrill Lynch has a great benefits package which includes medical, dental, vision, 401k, health savings accounts, flexible spending accounts, paid time off, 4 months paid maternity/paternity leave, etc. - view all

Senior IT Analyst - Jacksonville, FL - Feb 6, 2018

Monthly bonus

TV ECT and monthly bonuses for meeting goals - view all

Customer Service Representative - Fort Worth, TX - May 15, 2019

Details about Financial perks

Bonus pay (29 reviews)

97% of the reviews are positive

Fuel discount (1 reviews)

100% of the reviews are positive

Commuter assistance (1 reviews)

100% of the reviews are positive

Performance bonus (2 reviews)

100% of the reviews are positive

Health savings account (4 reviews)

100% of the reviews are positive

Paid housing (1 reviews)

100% of the reviews are positive

Employee discount (17 reviews)

100% of the reviews are positive

Quarterly bonus (10 reviews)

90% of the reviews are positive

Partner benefits (1 reviews)

100% of the reviews are positive

Stock options (21 reviews)

100% of the reviews are positive

Loan assistance (1 reviews)

0% of the reviews are positive

Yearly bonus (19 reviews)

95% of the reviews are positive

Signing bonus (3 reviews)

100% of the reviews are positive

Flexible spending account (2 reviews)

100% of the reviews are positive

Monthly bonus (15 reviews)

100% of the reviews are positive

Reimbursements

100% positive reviews

  • Tuition reimbursement

Tuition reimbursement

There are tuition reimbursement programs, but the amount you can be reimbursed is capped annually. - view all

Financial Advisor - Tulsa, OK - Feb 25, 2019

Details about Reimbursements

Tuition reimbursement (103 reviews)

100% of the reviews are positive

Retirement

96% positive reviews

  • Retirement plan

Retirement plan

Pros- daycare reimbursements, 401k match , great pay, paid vacations and holiday pay. - view all

Assistant Manager - Lansing, MI - Nov 3, 2018

Details about Retirement

Retirement plan (167 reviews)

96% of the reviews are positive

Meals

100% positive reviews

  • Food provided

Food provided

Customer Service oriented and a productive work environment with a lot of fun such as free lunches and employee recognition events. - view all

FNMA/FHLMC Negotiator / CRM - Glendale, CA - Dec 3, 2018

Details about Meals

Food provided (38 reviews)

100% of the reviews are positive

Other benefits

90% positive reviews

  • Matching gift program
  • Visa sponsorship
  • Employee assistance program
  • Employee mentoring program

Matching gift program

I was pleased with their community outreach and their matching gifts program too. - view all

Financial Advisor - Township of Brick, NJ - Nov 29, 2016

Visa sponsorship

And for all the weird reasons, H1b Visa workers are treated like slaves, and are only brought in when needed, and squeeze the juice out of them and thrown out when the work is done. - view all

ETL Developer - Charlotte, NC - Nov 10, 2017

Employee assistance program

They have EAP program to help with the life balance, but they are by the book by write ups and don't use descripancy because managers are graded how they rate. - view all

Sales Specialist - Fort Worth, TX - Sep 25, 2018

Employee mentoring program

Mentorship Program - view all

Senior Staff Auditor - Jacksonville, FL - Apr 11, 2019

Details about Other benefits

Matching gift program (1 reviews)

100% of the reviews are positive

Visa sponsorship (3 reviews)

100% of the reviews are positive

Employee assistance program (1 reviews)

100% of the reviews are positive

Employee mentoring program (26 reviews)

88% of the reviews are positive