Photo: Drew Angerer / Getty Images
For: Luis Diaz Updated 12 Feb 2022, 25: 25 pm EST
Bank of America announced that more than 200 of its corporate clients and commercial companies in the United States, representing nearly three million employees, have adopted its Corporate Employee Banking and Investing program.
Launched in early 2020, this program was created to help large and medium-sized businesses better support everyday banking, lending and investment of your employees and help improve the overall financial well-being of your workforce
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“Corporate Employee Banking and Investing is a powerful solution that extends workplace financial wellness programs beyond of education and benefit plans, getting right to the heart of helping employees manage and improve their daily financial lives,” said Aron Levine, president of P referred Banking at Bank of America.
“We are pleased with the early adoption among our corporate and commercial customers, and with the feedback they have shared about the positive impact the program is having on their workforce”.
“We are proud to support our colleagues and their families with comprehensive benefits and participation in this program is another way of do it,” said Jennifer Berres, director of human resources for HCA Healthcare. “This partnership helps provide our colleagues with affordable banking services, including lower fees, so they can better pursue their personal financial goals.”
According to 2021 of Bank of America, the 95% of employers have a sense of responsibility for the financial well-being of their employees.
The study found that employers are expanding wellness programs1619818456756 in place working beyond retirement planning to address a broader range of financial issues.
The report stated that the 45% of employers now offer support to develop good financial habits, vs. 39% in 2020 and the 42% offers access to financial products or services, compared to 33% in 2020.
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